Barclays PLC Purchases 146,157 Shares of Solid Power, Inc. (NASDAQ:SLDP)

Barclays PLC increased its position in shares of Solid Power, Inc. (NASDAQ:SLDP) by 268.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 200,619 shares of the company’s stock after acquiring an additional 146,157 shares during the quarter. Barclays PLC owned about 0.11% of Solid Power worth $271,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. American Century Companies Inc. acquired a new position in shares of Solid Power during the second quarter worth $60,000. Intech Investment Management LLC purchased a new position in Solid Power during the 3rd quarter worth $62,000. Silver Lake Advisory LLC acquired a new position in Solid Power during the 2nd quarter valued at about $69,000. SG Americas Securities LLC raised its stake in Solid Power by 115.0% in the third quarter. SG Americas Securities LLC now owns 59,797 shares of the company’s stock valued at $81,000 after buying an additional 31,978 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its holdings in Solid Power by 71.8% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 61,044 shares of the company’s stock worth $101,000 after acquiring an additional 25,520 shares in 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 Solid Power stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $1.07, for a total transaction of $200,625.00. Following the completion of the sale, the chief technology officer now owns 869,720 shares of the company’s stock, valued at $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 available through this hyperlink. Over the last three months, insiders have sold 562,500 shares of company stock valued at $793,125. Company insiders own 7.20% of the company’s stock.

Solid Power Price Performance

Shares of SLDP stock opened at $1.66 on Tuesday. The business has a fifty day moving average of $1.39 and a 200 day moving average of $1.44. Solid Power, Inc. has a 1 year low of $1.00 and a 1 year high of $2.70. The firm has a market capitalization of $299.45 million, a price-to-earnings ratio of -3.39 and a beta of 1.45.

Analysts Set New Price Targets

Separately, Needham & Company LLC restated a “buy” rating and set a $2.00 price objective on shares of Solid Power in a report on Wednesday, January 15th.

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.