Tudor Investment Corp ET AL Invests $1.71 Million in Solid Power, Inc. $SLDP

Tudor Investment Corp ET AL bought a new position in Solid Power, Inc. (NASDAQ:SLDP) during the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 492,426 shares of the company’s stock, valued at approximately $1,709,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Bank of America Corp DE increased its position in Solid Power by 3,974.6% during the third quarter. Bank of America Corp DE now owns 6,495,146 shares of the company’s stock worth $22,538,000 after purchasing an additional 6,335,739 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Solid Power by 15.7% in the 3rd quarter. Vanguard Group Inc. now owns 9,440,931 shares of the company’s stock valued at $32,760,000 after purchasing an additional 1,278,324 shares during the last quarter. Harvest Investment Services LLC purchased a new stake in shares of Solid Power during the 3rd quarter valued at $1,158,000. Raymond James Financial Inc. grew its stake in shares of Solid Power by 1,759.4% during the 3rd quarter. Raymond James Financial Inc. now owns 323,085 shares of the company’s stock valued at $1,121,000 after buying an additional 305,709 shares during the period. Finally, Gotham Asset Management LLC acquired a new stake in shares of Solid Power during the 3rd quarter worth $995,000. 33.66% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Zacks Research raised Solid Power to a “hold” rating in a research report on Tuesday, March 17th. Wall Street Zen lowered Solid Power from a “hold” rating to a “sell” rating in a research note on Saturday, December 20th. Needham & Company LLC restated a “buy” rating and issued a $7.00 price objective on shares of Solid Power in a report on Wednesday, January 14th. HC Wainwright assumed coverage on Solid Power in a research note on Monday, March 16th. They issued a “buy” rating and a $7.00 price objective on the stock. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Solid Power in a report on Thursday, January 22nd. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Solid Power currently has a consensus rating of “Hold” and a consensus target price of $7.00.

Solid Power Trading Down 3.0%

NASDAQ:SLDP opened at $2.92 on Friday. The firm has a market capitalization of $644.09 million, a price-to-earnings ratio of -5.84 and a beta of 1.92. The firm’s fifty day simple moving average is $3.81 and its 200 day simple moving average is $4.72. Solid Power, Inc. has a twelve month low of $0.68 and a twelve month high of $8.86.

Solid Power (NASDAQ:SLDP) last announced its quarterly earnings results on Tuesday, February 24th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.02. Solid Power had a negative return on equity of 23.88% and a negative net margin of 429.54%.The firm had revenue of ($0.20) million during the quarter, compared to the consensus estimate of $2.50 million.

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.