Solid Power (SLDP) Set to Announce Quarterly Earnings on Tuesday

Posted by Don Miller on Aug 5th, 2024

Solid Power (NASDAQ:SLDP – Get Free Report) will announce its earnings results after the market closes on Tuesday, August 6th. Individual interested in listening to the company’s earnings conference call can do so using this link.

Solid Power (NASDAQ:SLDP – Get Free Report) last issued its quarterly earnings results on Tuesday, May 7th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.01). The business had revenue of $5.95 million for the quarter, compared to the consensus estimate of $4.81 million. Solid Power had a negative net margin of 345.37% and a negative return on equity of 13.32%.

Solid Power Trading Down 3.5 %

SLDP stock opened at $1.65 on Monday. Solid Power has a 1-year low of $1.10 and a 1-year high of $2.88. The stock has a market cap of $292.13 million, a price-to-earnings ratio of -4.34 and a beta of 1.77. The company’s 50 day moving average is $1.80 and its 200 day moving average is $1.70.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on SLDP shares. 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. Needham & Company LLC reissued a “buy” rating and set a $3.00 price objective on shares of Solid Power in a report on Wednesday, May 8th.

Check Out Our Latest Analysis on Solid Power

Insider Buying and Selling

In other news, CTO Joshua Buettner-Garrett sold 187,500 shares of the firm’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $1.66, for a total transaction of $311,250.00. Following the transaction, the chief technology officer now directly owns 687,473 shares of the company’s stock, valued at $1,141,205.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 562,500 shares of company stock worth $937,500 in the last 90 days. 7.20% of the stock is owned by company insiders.

About Solid Power

(Get Free Report)

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.