Solid Power (NASDAQ:SLDP) Releases Earnings Results, Misses Estimates By $0.06 EPS

Solid Power (NASDAQ:SLDP) issued its earnings results on Tuesday. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.06), Zacks reports. 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 quarter in the prior year, the business earned ($0.07) earnings per share.

Solid Power Price Performance

SLDP stock traded up $0.08 during mid-day trading on Thursday, reaching $1.36. 714,640 shares of the company traded hands, compared to its average volume of 2,739,284. The company has a market capitalization of $241.65 million, a P/E ratio of -3.37 and a beta of 1.77. Solid Power has a 52-week low of $1.10 and a 52-week high of $2.88. The company has a fifty day moving average price of $1.78 and a 200-day moving average price of $1.71.

Insider Buying and Selling at Solid Power

In other Solid Power news, CTO Joshua Buettner-Garrett sold 187,500 shares of Solid Power stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $1.68, for a total transaction of $315,000.00. Following the completion of the transaction, the chief technology officer now owns 687,473 shares of the company’s stock, valued at approximately $1,154,954.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 562,500 shares of company stock valued at $937,500 in the last quarter. 7.20% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

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

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.