Solid Power (NASDAQ:SLDP) Issues Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Solid Power (NASDAQ:SLDP) posted its earnings results on Tuesday. The company reported ($0.11) earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.01, FiscalAI reports. Solid Power had a negative net margin of 485.47% and a negative return on equity of 21.57%. The firm had revenue of ($0.27) million during the quarter, compared to the consensus estimate of $1.55 million.

Here are the key takeaways from Solid Power’s conference call:

• Manufacturing pilot line remains on schedule: Solid Power said its continuous electrolyte production line has all major equipment installed, with commissioning planned for the fourth quarter and initial output expected in the first quarter of 2027 at a fully commissioned capacity of 45 metric tons.
• The company reported progress with Samsung SDI and BMW, including improved electrolyte performance and quality, and expects collaboration with both companies to continue after the current phase-one agreements expire in September.
• Solid Power remains confident it will announce a South Korean electrolyte-production joint venture by year-end, citing three active discussions and one prospective partner with a draft term sheet under review. It also completed a line-installation agreement milestone with SK On and is negotiating a new collaboration.
• Second-quarter revenue was negative $300,000 after a noncash $1.2 million reversal tied to changed assumptions for SK On milestone payments; operating expenses were $30 million, producing a $23.8 million net loss, or $0.11 per share.
• The company ended the quarter with $419.3 million in liquidity, no debt, and $3.2 million in contract assets and receivables, providing substantial funding to pursue commercialization, customer programs, and manufacturing scale-up.

Solid Power Trading Down 7.6%

Shares of SLDP stock traded down $0.17 on Wednesday, reaching $2.13. 2,811,979 shares of the stock were exchanged, compared to its average volume of 5,617,908. The company has a market capitalization of $478.31 million, a price-to-earnings ratio of -4.45 and a beta of 1.92. The business’s 50 day moving average price is $2.62 and its 200 day moving average price is $3.23. Solid Power has a twelve month low of $1.98 and a twelve month high of $8.86.

Insider Transactions at Solid Power

In other news, Director Lesa B. Roe sold 39,207 shares of the company’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $2.66, for a total transaction of $104,290.62. Following the completion of the transaction, the director directly owned 243,975 shares of the company’s stock, valued at approximately $648,973.50. This represents a 13.85% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 5.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Solid Power

Several hedge funds have recently added to or reduced their stakes in the stock. Kestra Advisory Services LLC acquired a new position in shares of Solid Power in the 4th quarter valued at $42,000. Cibc World Markets Corp acquired a new position in Solid Power in the fourth quarter valued at $43,000. Creative Planning purchased a new position in shares of Solid Power during the second quarter worth about $26,000. American Century Companies Inc. acquired a new stake in shares of Solid Power during the second quarter worth about $27,000. Finally, Russell Investments Group Ltd. acquired a new stake in shares of Solid Power during the third quarter worth about $45,000. 33.66% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on SLDP. Alliance Global Partners began coverage on Solid Power in a report on Wednesday, June 10th. They issued a “buy” rating and a $6.75 price objective on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $7.00 target price on shares of Solid Power in a research report on Wednesday, May 6th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Solid Power in a research note on Friday, July 17th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $6.92.

Solid Power Company 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.