Silver Lake Advisory LLC Makes New $69,000 Investment in Solid Power, Inc. (NASDAQ:SLDP)

Silver Lake Advisory LLC purchased a new stake in Solid Power, Inc. (NASDAQ:SLDP) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 41,783 shares of the company’s stock, valued at approximately $69,000.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Solid Power by 14.9% during the 1st quarter. Vanguard Group Inc. now owns 7,298,206 shares of the company’s stock worth $14,815,000 after purchasing an additional 944,162 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Solid Power during the first quarter worth $634,000. Quadrature Capital Ltd acquired a new position in Solid Power in the fourth quarter valued at $253,000. Virtu Financial LLC grew its holdings in Solid Power by 459.4% during the 4th quarter. Virtu Financial LLC now owns 164,236 shares of the company’s stock worth $238,000 after acquiring an additional 134,875 shares during the period. Finally, Tower Research Capital LLC TRC raised its position in shares of Solid Power by 644.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 34,055 shares of the company’s stock worth $49,000 after acquiring an additional 29,482 shares in the last quarter. 33.66% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Solid Power

In related news, Director Lesa B. Roe sold 27,900 shares of the company’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $1.35, for a total transaction of $37,665.00. Following the completion of the sale, the director now owns 149,241 shares in the company, valued at $201,475.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CTO Joshua Buettner-Garrett sold 187,500 shares of the firm’s stock in a transaction on Tuesday, July 9th. The stock was sold at an average price of $1.66, for a total transaction of $311,250.00. Following the completion of the sale, the chief technology officer now directly owns 683,057 shares of the company’s stock, valued at approximately $1,133,874.62. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Lesa B. Roe sold 27,900 shares of the 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 of the company’s stock, valued at $201,475.35. The disclosure for this sale can be found here. In the last quarter, insiders sold 590,400 shares of company stock worth $975,165. Insiders own 7.20% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on SLDP shares. Needham & Company LLC reiterated a “buy” rating and issued a $3.00 target price on shares of Solid Power in a report on Wednesday, August 7th. Chardan Capital reiterated a “buy” rating and issued a $5.00 price objective on shares of Solid Power in a research note on Wednesday, May 8th.

Solid Power Stock Performance

Shares of NASDAQ:SLDP opened at $1.42 on Friday. Solid Power, Inc. has a 52-week low of $1.10 and a 52-week high of $2.35. The business’s 50 day simple moving average is $1.73 and its two-hundred day simple moving average is $1.70. The firm has a market cap of $251.41 million, a P/E ratio of -3.74 and a beta of 1.77.

Solid Power (NASDAQ:SLDP) last announced its quarterly earnings results on Tuesday, August 6th. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.06). Solid Power had a negative net margin of 345.37% and a negative return on equity of 13.32%. The business had revenue of $5.08 million for the quarter, compared to the consensus estimate of $13.11 million. During the same quarter last year, the firm posted ($0.07) EPS.

Solid Power 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.