147,657 Shares in Solid Power, Inc. $SLDP Acquired by BBR Partners LLC

BBR Partners LLC bought a new stake in shares of Solid Power, Inc. (NASDAQ:SLDP) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 147,657 shares of the company’s stock, valued at approximately $512,000. BBR Partners LLC owned 0.08% of Solid Power as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Goldman Sachs Group Inc. raised its position in Solid Power by 12.7% during the first quarter. Goldman Sachs Group Inc. now owns 894,120 shares of the company’s stock valued at $939,000 after buying an additional 100,939 shares during the period. Daymark Wealth Partners LLC acquired a new position in Solid Power in the 2nd quarter valued at approximately $130,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Solid Power during the 2nd quarter valued at $686,000. Creative Planning acquired a new position in shares of Solid Power in the second quarter worth $26,000. Finally, American Century Companies Inc. acquired a new stake in Solid Power during the second quarter valued at $27,000. Institutional investors and hedge funds own 33.66% of the company’s stock.

Insider Transactions at Solid Power

In other news, Director Erik J. Anderson sold 30,000 shares of the stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $5.20, for a total value of $156,000.00. Following the completion of the sale, the director directly owned 157,617 shares of the company’s stock, valued at approximately $819,608.40. This represents a 15.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 7.20% of the stock is owned by company insiders.

Solid Power Price Performance

Solid Power stock opened at $3.52 on Wednesday. The firm has a market cap of $672.39 million, a price-to-earnings ratio of -6.64 and a beta of 1.89. The firm has a fifty day moving average price of $4.69 and a two-hundred day moving average price of $4.91. Solid Power, Inc. has a fifty-two week low of $0.68 and a fifty-two week high of $8.86.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Wall Street Zen downgraded Solid Power from a “hold” rating to a “sell” rating in a report on Saturday, December 20th. Weiss Ratings restated a “sell (d-)” rating on shares of Solid Power in a report on Thursday, January 22nd. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $7.00 price objective on shares of Solid Power in a report on Wednesday, January 14th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $7.00.

Solid Power Profile

Solid Power, Inc (NASDAQ: SLDP) is a Colorado-based company specializing in the development and manufacturing of all-solid-state rechargeable battery cells for the electric vehicle (EV) and aerospace industries. Founded in 2012 as a spin-out from the University of Colorado Boulder, Solid Power has focused on advancing solid electrolytes and high-energy battery architectures to deliver improved safety, higher energy density and longer cycle life compared with traditional lithium-ion batteries.

The company’s core offerings include multilayer solid-state battery cells that utilize sulfide-based solid electrolytes and high-capacity cathode materials.