Insider Selling: Solid Power, Inc. (NASDAQ:SLDP) Director Sells 27,900 Shares of Stock

Solid Power, Inc. (NASDAQ:SLDP) Director Lesa B. Roe sold 27,900 shares of the company’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $1.35, for a total value of $37,665.00. Following the transaction, the director now directly owns 149,241 shares in the company, valued at approximately $201,475.35. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Solid Power Stock Up 5.6 %

Shares of Solid Power stock traded up $0.08 on Tuesday, reaching $1.43. The company’s stock had a trading volume of 915,993 shares, compared to its average volume of 2,718,639. The company has a market capitalization of $252.29 million, a price-to-earnings ratio of -3.80 and a beta of 1.77. The firm’s fifty day simple moving average is $1.75 and its two-hundred day simple moving average is $1.71. Solid Power, Inc. has a 52 week low of $1.10 and a 52 week high of $2.39.

Solid Power (NASDAQ:SLDP) last issued its quarterly earnings data on Tuesday, August 6th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.06). Solid Power had a negative return on equity of 13.32% and a negative net margin of 345.37%. The firm had revenue of $5.08 million during the quarter, compared to the consensus estimate of $13.11 million. During the same period in the previous year, the firm earned ($0.07) EPS.

Wall Street Analysts Forecast Growth

SLDP has been the topic of a number of research analyst reports. Needham & Company LLC restated a “buy” rating and issued a $3.00 target price on shares of Solid Power in a research note on Wednesday, August 7th. Chardan Capital restated a “buy” rating and set a $5.00 price target on shares of Solid Power in a research report on Wednesday, May 8th.

Institutional Trading of Solid Power

Several large investors have recently modified their holdings of SLDP. Vanguard Group Inc. grew its holdings in shares of Solid Power by 14.9% in the first quarter. Vanguard Group Inc. now owns 7,298,206 shares of the company’s stock worth $14,815,000 after acquiring an additional 944,162 shares during the period. Jacobs Levy Equity Management Inc. bought a new stake in shares of Solid Power in the first quarter worth $634,000. Quadrature Capital Ltd bought a new stake in shares of Solid Power in the fourth quarter worth $253,000. Virtu Financial LLC lifted its position in Solid Power by 459.4% during 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 in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Solid Power by 23.2% during 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 in the last quarter. Institutional investors own 33.66% of the company’s stock.

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.