Solid Power, Inc. (NASDAQ:SLDP) Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC grew its stake in Solid Power, Inc. (NASDAQ:SLDP) by 205.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 182,685 shares of the company’s stock after purchasing an additional 122,888 shares during the quarter. SG Americas Securities LLC owned approximately 0.10% of Solid Power worth $345,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. State Street Corp raised its stake in shares of Solid Power by 0.7% during the third quarter. State Street Corp now owns 2,962,235 shares of the company’s stock valued at $3,999,000 after purchasing an additional 19,209 shares in the last quarter. Intech Investment Management LLC acquired a new stake in Solid Power during the third quarter valued at $62,000. Geode Capital Management LLC increased its holdings in Solid Power by 2.7% in the third quarter. Geode Capital Management LLC now owns 3,407,015 shares of the company’s stock worth $4,600,000 after buying an additional 88,754 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Solid Power by 10.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,154,464 shares of the company’s stock valued at $1,559,000 after purchasing an additional 106,380 shares during the last quarter. Finally, Virtu Financial LLC acquired a new stake in Solid Power in the 3rd quarter worth approximately $195,000. 33.66% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Solid Power Stock Down 1.4 %

SLDP stock opened at $1.37 on Tuesday. Solid Power, Inc. has a twelve month low of $1.00 and a twelve month high of $2.70. The business’s fifty day moving average is $1.48 and its 200-day moving average is $1.41. The company has a market cap of $247.13 million, a P/E ratio of -2.80 and a beta of 1.41.

Solid Power (NASDAQ:SLDP) last issued its quarterly earnings results on Thursday, November 7th. The company reported ($0.13) EPS for the quarter. Solid Power had a negative net margin of 471.22% and a negative return on equity of 18.08%. The company had revenue of $4.65 million for the quarter.

Insider Activity at Solid Power

In other news, CTO Joshua Buettner-Garrett sold 187,500 shares of Solid Power stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $2.09, for a total value of $391,875.00. Following the completion of the transaction, the chief technology officer now directly owns 865,304 shares of the company’s stock, valued at approximately $1,808,485.36. This trade represents a 17.81 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders sold a total of 562,500 shares of company stock valued at $793,125 over the last quarter. 7.20% of the stock is owned by corporate insiders.

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.