Solid Power, Inc. (NASDAQ:SLDP) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC boosted its position in shares of Solid Power, Inc. (NASDAQ:SLDP) by 2.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,407,015 shares of the company’s stock after buying an additional 88,754 shares during the period. Geode Capital Management LLC owned 1.90% of Solid Power worth $4,600,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. American Century Companies Inc. purchased a new position in Solid Power during the 2nd quarter worth $60,000. Intech Investment Management LLC acquired a new stake in Solid Power during the 3rd quarter worth approximately $62,000. Silver Lake Advisory LLC purchased a new position in shares of Solid Power in the 2nd quarter valued at approximately $69,000. SG Americas Securities LLC raised its stake 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 worth $81,000 after purchasing an additional 31,978 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its position in Solid Power by 71.8% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 61,044 shares of the company’s stock valued at $101,000 after buying an additional 25,520 shares during the last quarter. Hedge funds and other institutional investors own 33.66% of the company’s stock.

Insider Activity

In related news, CTO Joshua Buettner-Garrett sold 187,500 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $1.07, for a total value of $200,625.00. Following the sale, the chief technology officer now owns 869,720 shares in the company, valued at $930,600.40. This represents a 17.74 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 7.20% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Needham & Company LLC dropped their price target on shares of Solid Power from $3.00 to $2.00 and set a “buy” rating on the stock in a research note on Monday, November 11th.

Solid Power Stock Performance

NASDAQ:SLDP opened at $2.21 on Monday. The stock has a market capitalization of $398.66 million, a price-to-earnings ratio of -4.51 and a beta of 1.70. Solid Power, Inc. has a 1 year low of $1.00 and a 1 year high of $2.70. The stock has a fifty day moving average price of $1.28 and a two-hundred day moving average price of $1.43.

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.