Joshua Buettner-Garrett Sells 187,500 Shares of Solid Power, Inc. (NASDAQ:SLDP) Stock

Solid Power, Inc. (NASDAQ:SLDP) CTO Joshua Buettner-Garrett sold 187,500 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $1.07, for a total transaction of $200,625.00. Following the completion of the sale, the chief technology officer now owns 869,720 shares of the company’s stock, valued at approximately $930,600.40. This represents a 17.74 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Joshua Buettner-Garrett also recently made the following trade(s):

• On Tuesday, November 12th, Joshua Buettner-Garrett sold 187,500 shares of Solid Power stock. The shares were sold at an average price of $1.07, for a total value of $200,625.00.
• On Monday, October 7th, Joshua Buettner-Garrett sold 187,500 shares of Solid Power stock. The stock was sold at an average price of $1.26, for a total value of $236,250.00.

Solid Power Stock Performance

NASDAQ:SLDP remained flat at $1.09 during trading hours on Tuesday. The company’s stock had a trading volume of 1,326,826 shares, compared to its average volume of 2,312,864. Solid Power, Inc. has a 52-week low of $1.00 and a 52-week high of $2.35. The company’s fifty day simple moving average is $1.16 and its 200 day simple moving average is $1.44. The stock has a market capitalization of $196.62 million, a PE ratio of -2.22 and a beta of 1.70.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on SLDP shares. Needham & Company LLC decreased their price objective on Solid Power from $3.00 to $2.00 and set a “buy” rating for the company in a research report on Monday, November 11th. Wolfe Research began coverage on shares of Solid Power in a research report on Thursday, September 5th. They set an “underperform” rating and a $1.00 price objective for the company.

Institutional Investors Weigh In On Solid Power

Several institutional investors and hedge funds have recently added to or reduced their stakes in SLDP. SG Americas Securities LLC grew its holdings in shares of Solid Power by 79.6% in the 2nd quarter. SG Americas Securities LLC now owns 27,819 shares of the company’s stock valued at $46,000 after acquiring an additional 12,328 shares in the last quarter. American Century Companies Inc. bought a new stake in Solid Power during the second quarter worth about $60,000. Intech Investment Management LLC acquired a new position in Solid Power during the third quarter valued at approximately $62,000. Silver Lake Advisory LLC bought a new position in Solid Power in the second quarter valued at approximately $69,000. Finally, Vanguard Personalized Indexing Management LLC grew its stake in Solid Power by 71.8% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 61,044 shares of the company’s stock valued at $101,000 after purchasing an additional 25,520 shares in the last quarter. 33.66% of the stock is owned by institutional investors.

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.