Silver Lake Advisory LLC Purchases New Shares in Solid Power, Inc. (NASDAQ:SLDP)

Silver Lake Advisory LLC purchased a new stake in shares of Solid Power, Inc. (NASDAQ:SLDP) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 41,783 shares of the company’s stock, valued at approximately $69,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Solid Power by 14.9% during the first quarter. Vanguard Group Inc. now owns 7,298,206 shares of the company’s stock valued at $14,815,000 after buying an additional 944,162 shares during the period. Bank of New York Mellon Corp grew its position in shares of Solid Power by 23.2% in the second quarter. Bank of New York Mellon Corp now owns 577,634 shares of the company’s stock valued at $953,000 after purchasing an additional 108,847 shares during the period. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Solid Power in the first quarter valued at about $634,000. Quadrature Capital Ltd acquired a new stake in shares of Solid Power in the fourth quarter valued at about $253,000. Finally, Virtu Financial LLC grew its position in shares of Solid Power by 459.4% in the fourth quarter. Virtu Financial LLC now owns 164,236 shares of the company’s stock valued at $238,000 after purchasing an additional 134,875 shares during the period. Institutional investors and hedge funds own 33.66% of the company’s stock.

Wall Street Analysts Forecast Growth

SLDP has been the topic of several research analyst reports. Wolfe Research initiated coverage on shares of Solid Power in a research report on Thursday, September 5th. They issued an “underperform” rating and a $1.00 target price on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $3.00 target price on shares of Solid Power in a research report on Wednesday, August 7th.

Insiders Place Their Bets

In other Solid Power news, CTO Joshua Buettner-Garrett sold 187,500 shares of Solid Power stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $1.21, for a total transaction of $226,875.00. Following the transaction, the chief technology officer now directly owns 874,136 shares of the company’s stock, valued at $1,057,704.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Steven H. Goldberg sold 59,197 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $1.45, for a total value of $85,835.65. Following the sale, the director now directly owns 82,365 shares of the company’s stock, valued at approximately $119,429.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Joshua Buettner-Garrett sold 187,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $1.21, for a total transaction of $226,875.00. Following the completion of the sale, the chief technology officer now directly owns 874,136 shares in the company, valued at $1,057,704.56. The disclosure for this sale can be found here. Insiders have sold 649,597 shares of company stock valued at $927,876 over the last ninety days. Company insiders own 7.20% of the company’s stock.

Solid Power Trading Down 1.5 %

SLDP opened at $1.35 on Tuesday. The firm has a market capitalization of $239.01 million, a PE ratio of -3.55 and a beta of 1.73. Solid Power, Inc. has a twelve month low of $1.10 and a twelve month high of $2.35. The firm’s 50-day moving average price is $1.48 and its 200 day moving average price is $1.65.

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

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.