Solid Power, Inc. (NASDAQ:SLDP) Stock Holdings Lifted by Virtu Financial LLC

Virtu Financial LLC raised its stake in Solid Power, Inc. (NASDAQ:SLDP) by 459.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 164,236 shares of the company’s stock after buying an additional 134,875 shares during the period. Virtu Financial LLC owned approximately 0.09% of Solid Power worth $238,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of SLDP. Brave Asset Management Inc. increased its holdings in shares of Solid Power by 90.9% in 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. Vanguard Personalized Indexing Management LLC bought a new position in shares of Solid Power in the fourth quarter valued at $37,000. Tower Research Capital LLC TRC increased its holdings in shares of Solid Power by 644.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 34,055 shares of the company’s stock valued at $49,000 after buying an additional 29,482 shares in the last quarter. C M Bidwell & Associates Ltd. increased its holdings in shares of Solid Power by 70.8% in the third quarter. C M Bidwell & Associates Ltd. now owns 24,753 shares of the company’s stock valued at $50,000 after buying an additional 10,262 shares in the last quarter. Finally, Kestra Advisory Services LLC grew its position in Solid Power by 335.9% during the 3rd quarter. Kestra Advisory Services LLC now owns 110,787 shares of the company’s stock worth $224,000 after purchasing an additional 85,369 shares in the last quarter. Institutional investors own 33.66% of the company’s stock.

Solid Power Trading Up 2.7 %

NASDAQ SLDP opened at $1.54 on Friday. Solid Power, Inc. has a 1-year low of $1.10 and a 1-year high of $3.20. The company has a market capitalization of $272.66 million, a PE ratio of -4.05 and a beta of 1.79. The firm’s fifty day simple moving average is $1.71 and its 200-day simple moving average is $1.59.

Solid Power (NASDAQ:SLDP) last posted its quarterly earnings results on Tuesday, May 7th. The company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.01). Solid Power had a negative return on equity of 13.32% and a negative net margin of 345.37%. The company had revenue of $5.95 million during the quarter, compared to analyst estimates of $4.81 million. As a group, analysts predict that Solid Power, Inc. will post -0.47 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on SLDP. Needham & Company LLC reiterated a “buy” rating and set a $3.00 price objective on shares of Solid Power in a research report on Wednesday, May 8th. Chardan Capital reiterated a “buy” rating and set a $5.00 price objective on shares of Solid Power in a research report on Wednesday, May 8th. Finally, DA Davidson reiterated a “neutral” rating and set a $3.00 price objective on shares of Solid Power in a research report on Tuesday, March 5th.

Insider Transactions at Solid Power

In other news, CTO Joshua Buettner-Garrett sold 187,500 shares of the company’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $1.66, for a total value of $311,250.00. Following the transaction, the chief technology officer now directly owns 687,473 shares of the company’s stock, valued at $1,141,205.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Over the last ninety days, insiders have sold 562,500 shares of company stock valued at $975,000. 7.20% of the stock is owned by insiders.

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.