Solid Power, Inc. (NASDAQ:SLDP) CTO Joshua Buettner-Garrett Sells 187,500 Shares of Stock

Solid Power, Inc. (NASDAQ:SLDP) CTO Joshua Buettner-Garrett sold 187,500 shares of the company’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $1.66, for a total transaction of $311,250.00. Following the transaction, the chief technology officer now owns 687,473 shares of the company’s stock, valued at approximately $1,141,205.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Joshua Buettner-Garrett also recently made the following trade(s):

• On Tuesday, May 21st, Joshua Buettner-Garrett sold 187,500 shares of Solid Power stock. The shares were sold at an average price of $1.68, for a total transaction of $315,000.00.
• On Wednesday, April 3rd, Joshua Buettner-Garrett sold 187,500 shares of Solid Power stock. The shares were sold at an average price of $1.86, for a total transaction of $348,750.00.

Solid Power Stock Performance

NASDAQ:SLDP opened at $1.67 on Tuesday. Solid Power, Inc. has a twelve month low of $1.10 and a twelve month high of $3.20. The company has a 50-day moving average of $1.73 and a 200-day moving average of $1.59. The firm has a market cap of $295.67 million, a price-to-earnings ratio of -4.39 and a beta of 1.79.

Solid Power (NASDAQ:SLDP) last posted its quarterly earnings data on Tuesday, May 7th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.01). Solid Power had a negative net margin of 345.37% and a negative return on equity of 13.32%. The business had revenue of $5.95 million for the quarter, compared to the consensus estimate of $4.81 million. On average, research analysts forecast that Solid Power, Inc. will post -0.47 earnings per share for the current year.

Hedge Funds Weigh In On Solid Power

Large investors have recently made changes to their positions in the business. Gainplan LLC purchased a new stake in Solid Power during the first quarter valued at about $25,000. Norden Group LLC purchased a new stake in Solid Power during the first quarter valued at about $29,000. SG Americas Securities LLC purchased a new stake in Solid Power during the first quarter valued at about $31,000. Brave Asset Management Inc. lifted its stake in Solid Power by 90.9% during the fourth quarter. Brave Asset Management Inc. now owns 21,000 shares of the company’s stock valued at $30,000 after buying an additional 10,000 shares in the last quarter. Finally, Paloma Partners Management Co purchased a new stake in Solid Power during the first quarter valued at about $48,000. Institutional investors own 33.66% of the company’s stock.

Analyst Ratings Changes

SLDP has been the subject of a number of recent analyst reports. Chardan Capital reiterated a “buy” rating and issued a $5.00 target price on shares of Solid Power in a research report on Wednesday, May 8th. Needham & Company LLC reiterated a “buy” rating and issued a $3.00 target price on shares of Solid Power in a research report on Wednesday, May 8th. Finally, DA Davidson reiterated a “neutral” rating and issued a $3.00 target price on shares of Solid Power in a research report on Tuesday, March 5th.

Solid Power Company Profile

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.