Brave Asset Management Inc. Has $30,000 Stock Holdings in Solid Power, Inc. (NASDAQ:SLDP)

Brave Asset Management Inc. grew its stake in Solid Power, Inc. (NASDAQ:SLDP) by 90.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,000 shares of the company’s stock after purchasing an additional 10,000 shares during the period. Brave Asset Management Inc.’s holdings in Solid Power were worth $30,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. raised its stake in shares of Solid Power by 23.6% during the second quarter. BlackRock Inc. now owns 11,125,180 shares of the company’s stock valued at $28,258,000 after acquiring an additional 2,125,739 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Solid Power by 2.8% in the 3rd quarter. Vanguard Group Inc. now owns 6,116,489 shares of the company’s stock valued at $12,355,000 after buying an additional 168,889 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Solid Power by 15.6% during the second quarter. Geode Capital Management LLC now owns 2,759,570 shares of the company’s stock worth $7,009,000 after acquiring an additional 373,395 shares during the last quarter. State Street Corp lifted its stake in shares of Solid Power by 10.1% in the second quarter. State Street Corp now owns 2,680,336 shares of the company’s stock worth $6,808,000 after acquiring an additional 245,693 shares during the period. Finally, Invesco Ltd. bought a new stake in Solid Power in the first quarter valued at approximately $19,254,000. Institutional investors own 33.66% of the company’s stock.

Insiders Place Their Bets

In related news, CTO Joshua Buettner-Garrett sold 187,500 shares of the stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $1.58, for a total transaction of $296,250.00. Following the completion of the sale, the chief technology officer now directly owns 356,433 shares in the company, valued at approximately $563,164.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 562,500 shares of company stock valued at $793,125 over the last three months. Insiders own 6.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on SLDP. Needham & Company LLC restated a “buy” rating and issued a $3.00 price target on shares of Solid Power in a research report on Wednesday, February 28th. Chardan Capital reiterated a “buy” rating and set a $5.00 price target on shares of Solid Power in a report on Wednesday, February 28th. Finally, DA Davidson restated a “neutral” rating and set a $3.00 target price on shares of Solid Power in a research report on Tuesday, March 5th.

Solid Power Trading Up 5.7 %

Solid Power stock traded up $0.11 during trading on Thursday, hitting $2.03. 6,374,742 shares of the company were exchanged, compared to its average volume of 3,920,329. The business’s 50 day moving average is $1.58 and its 200 day moving average is $1.56. Solid Power, Inc. has a 52 week low of $1.10 and a 52 week high of $3.20. The company has a market capitalization of $367.61 million, a P/E ratio of -5.49 and a beta of 1.70.

Solid Power (NASDAQ:SLDP) last posted its quarterly earnings data on Tuesday, February 27th. The company reported ($0.11) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.11). The company had revenue of $2.35 million during the quarter, compared to analyst estimates of $4.14 million. Solid Power had a negative return on equity of 12.55% and a negative net margin of 376.47%. Equities analysts expect that Solid Power, Inc. will post -0.42 EPS for the current year.

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.