Solid Power (NASDAQ:SLDP) Announces Earnings Results, Misses Estimates By $0.04 EPS

Solid Power (NASDAQ:SLDP) posted its quarterly earnings results on Thursday. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.04), Zacks reports. Solid Power had a negative return on equity of 18.08% and a negative net margin of 471.22%. The firm had revenue of $4.46 million for the quarter, compared to analysts’ expectations of $3.85 million.

Solid Power Price Performance

Shares of Solid Power stock opened at $1.23 on Friday. Solid Power has a 1 year low of $1.00 and a 1 year high of $2.70. The company has a market capitalization of $221.88 million, a P/E ratio of -2.51 and a beta of 1.40. The business has a 50 day moving average price of $1.56 and a 200 day moving average price of $1.36.

Wall Street Analyst Weigh In

Separately, Needham & Company LLC restated a “buy” rating and set a $2.00 target price on shares of Solid Power in a research report on Wednesday, January 15th.

Insider Activity

In related news, CTO Joshua Buettner-Garrett sold 187,500 shares of the company’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $2.09, for a total value of $391,875.00. Following the completion of the transaction, the chief technology officer now directly owns 865,304 shares in the company, valued at approximately $1,808,485.36. This represents a 17.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 7.20% of the company’s stock.

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.