Solid Power (SLDP) Scheduled to Post Earnings on Thursday

Solid Power (NASDAQ:SLDP) will be issuing its quarterly earnings data after the market closes on Thursday, November 7th. Parties interested in listening to the company’s conference call can do so using this link.

Solid Power (NASDAQ:SLDP) last posted its quarterly earnings results on Tuesday, August 6th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $5.08 million for the quarter, compared to analyst estimates of $13.11 million. During the same quarter in the prior year, the business posted ($0.07) EPS.

Solid Power Price Performance

Solid Power stock opened at $1.17 on Tuesday. Solid Power has a 52 week low of $1.10 and a 52 week high of $2.35. The stock has a fifty day moving average of $1.30 and a 200-day moving average of $1.57.

Insiders Place Their Bets

In other Solid Power news, CTO Joshua Buettner-Garrett sold 187,500 shares of the company’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $1.26, for a total transaction of $236,250.00. Following the sale, the chief technology officer now owns 869,720 shares of the company’s stock, valued at approximately $1,095,847.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CTO Joshua Buettner-Garrett sold 187,500 shares of Solid Power stock in a transaction on Monday, October 7th. The shares were sold at an average price of $1.26, for a total value of $236,250.00. Following the completion of the sale, the chief technology officer now owns 869,720 shares in the company, valued at $1,095,847.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Lesa B. Roe sold 27,900 shares of the business’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $1.35, for a total transaction of $37,665.00. Following the transaction, the director now owns 149,241 shares in the company, valued at $201,475.35. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 649,597 shares of company stock worth $852,876. 7.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Wolfe Research initiated coverage on shares of Solid Power in a research note on Thursday, September 5th. They issued an “underperform” rating and a $1.00 price objective for the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $3.00 target price on shares of Solid Power in a report on Wednesday, August 7th.

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.