97,100 Shares in Solid Power, Inc. (NASDAQ:SLDP) Acquired by Aristides Capital LLC

Aristides Capital LLC purchased a new position in shares of Solid Power, Inc. (NASDAQ:SLDP) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 97,100 shares of the company’s stock, valued at approximately $160,000. Aristides Capital LLC owned 0.05% of Solid Power as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in SLDP. Norden Group LLC bought a new position in shares of Solid Power in the first quarter valued at approximately $29,000. SG Americas Securities LLC acquired a new position in Solid Power during the 1st quarter worth about $31,000. Paloma Partners Management Co acquired a new position in Solid Power during the 1st quarter worth about $48,000. American Century Companies Inc. bought a new stake in Solid Power during the 2nd quarter worth about $60,000. Finally, Silver Lake Advisory LLC bought a new stake in Solid Power during the 2nd quarter worth about $69,000. 33.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Solid Power

In other Solid Power news, Director Steven H. Goldberg sold 59,197 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $1.45, for a total value of $85,835.65. Following the completion of the transaction, the director now owns 82,365 shares in the company, valued at approximately $119,429.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Steven H. Goldberg sold 59,197 shares of the stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $1.45, for a total transaction of $85,835.65. Following the completion of the transaction, the director now owns 82,365 shares in the company, valued at approximately $119,429.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Joshua Buettner-Garrett sold 187,500 shares of the firm’s stock in a transaction dated Tuesday, July 9th. The stock was sold at an average price of $1.66, for a total value of $311,250.00. Following the completion of the transaction, the chief technology officer now owns 683,057 shares of the company’s stock, valued at approximately $1,133,874.62. The disclosure for this sale can be found here. In the last three months, insiders sold 649,597 shares of company stock valued at $927,876. 7.20% of the stock is owned by insiders.

Solid Power Trading Down 6.7 %

NASDAQ:SLDP opened at $1.26 on Wednesday. The stock has a market cap of $223.08 million, a P/E ratio of -3.32 and a beta of 1.73. The stock’s 50-day moving average is $1.46 and its 200-day moving average is $1.65. Solid Power, Inc. has a 1-year low of $1.10 and a 1-year high of $2.35.

Solid Power (NASDAQ:SLDP) last issued its quarterly earnings results on Tuesday, August 6th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.06). Solid Power had a negative net margin of 393.42% and a negative return on equity of 15.87%. The business had revenue of $5.08 million during the quarter, compared to analyst estimates of $13.11 million. During the same period last year, the firm posted ($0.07) earnings per share.

Analyst Ratings Changes

A number of brokerages have recently commented on SLDP. Needham & Company LLC reaffirmed a “buy” rating and issued a $3.00 price target on shares of Solid Power in a research note on Wednesday, August 7th. Wolfe Research started coverage on shares of Solid Power in a research note on Thursday, September 5th. They issued an “underperform” rating and a $1.00 target price for the company.

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.