Solid Power (NASDAQ:SLDP) Releases Earnings Results, Misses Expectations By $0.04 EPS

Solid Power (NASDAQ:SLDP) posted its quarterly earnings data on Thursday. The company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.04), Zacks reports. The firm had revenue of $4.46 million for the quarter, compared to analysts’ expectations of $3.85 million. Solid Power had a negative net margin of 471.22% and a negative return on equity of 18.08%.

Solid Power Trading Up 0.8 %

Shares of NASDAQ:SLDP opened at $1.23 on Friday. The firm has a market cap of $221.88 million, a PE ratio of -2.51 and a beta of 1.40. The company has a fifty day simple moving average of $1.56 and a 200 day simple moving average of $1.36. Solid Power has a 12-month low of $1.00 and a 12-month high of $2.70.

Analyst Ratings Changes

Separately, Needham & Company LLC restated a “buy” rating and set a $2.00 target price on shares of Solid Power in a research note on Wednesday, January 15th.

Insider Buying and Selling at Solid Power

In related news, CTO Joshua Buettner-Garrett sold 187,500 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $2.09, for a total value of $391,875.00. Following the completion of the sale, the chief technology officer now directly owns 865,304 shares of the company’s stock, valued at $1,808,485.36. The trade was a 17.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 7.20% of the stock is currently owned by insiders.

About Solid Power

Solid Power, Inc develops solid state battery technologies for the electric vehicles (EV) and other markets in the United States. The company sells its sulfide-based solid electrolyte; and licenses its solid-state cell designs and manufacturing processes. It also produces and sells 0.2, 2, 20 ampere-hour (Ah), and EV cells.