Solid Power Target of Unusually High Options Trading (NASDAQ:SLDP)

Solid Power, Inc. (NASDAQ:SLDP) was the target of unusually large options trading on Friday. Stock traders bought 5,216 call options on the stock. This is an increase of approximately 1,105% compared to the average daily volume of 433 call options.

Solid Power Stock Performance

Shares of SLDP opened at $2.13 on Friday. The firm has a market capitalization of $384.23 million, a P/E ratio of -4.35 and a beta of 1.70. Solid Power has a 52 week low of $1.00 and a 52 week high of $2.70. The stock has a 50 day moving average price of $1.20 and a two-hundred day moving average price of $1.42.

Insider Buying and Selling

In other Solid Power news, CTO Joshua Buettner-Garrett sold 187,500 shares of Solid Power stock in a transaction on Monday, December 16th. The shares were sold at an average price of $1.07, for a total value of $200,625.00. Following the completion of the sale, the chief technology officer now directly owns 869,720 shares of the company’s stock, valued at approximately $930,600.40. The trade was a 17.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Erik J. Anderson sold 506,283 shares of the company’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $1.27, for a total transaction of $642,979.41. Following the transaction, the director now owns 187,617 shares in the company, valued at $238,273.59. This represents a 72.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,068,783 shares of company stock valued at $1,280,479 over the last 90 days. Company insiders own 7.20% of the company’s stock.

Institutional Investors Weigh In On Solid Power

Institutional investors have recently bought and sold shares of the stock. State Street Corp lifted its stake in Solid Power by 0.7% during the 3rd quarter. State Street Corp now owns 2,962,235 shares of the company’s stock valued at $3,999,000 after acquiring an additional 19,209 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Solid Power by 71.8% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 61,044 shares of the company’s stock valued at $101,000 after purchasing an additional 25,520 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of Solid Power by 115.0% during the third quarter. SG Americas Securities LLC now owns 59,797 shares of the company’s stock valued at $81,000 after purchasing an additional 31,978 shares in the last quarter. American Century Companies Inc. purchased a new position in Solid Power during the second quarter worth about $60,000. Finally, Silver Lake Advisory LLC bought a new stake in Solid Power in the 2nd quarter worth about $69,000. Institutional investors own 33.66% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on SLDP. Wolfe Research initiated coverage on Solid Power in a report on Thursday, September 5th. They set an “underperform” rating and a $1.00 price objective for the company. Needham & Company LLC decreased their price target on shares of Solid Power from $3.00 to $2.00 and set a “buy” rating for the company in a research note on Monday, November 11th.

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.