UBS Group AG Buys 618,757 Shares of Solid Power, Inc. $SLDP

UBS Group AG raised its stake in Solid Power, Inc. (NASDAQ:SLDP) by 157.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,011,495 shares of the company’s stock after purchasing an additional 618,757 shares during the period. UBS Group AG owned 0.53% of Solid Power worth $4,299,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. SBI Securities Co. Ltd. increased its stake in Solid Power by 17.2% in the third quarter. SBI Securities Co. Ltd. now owns 37,683 shares of the company’s stock valued at $131,000 after purchasing an additional 5,526 shares in the last quarter. Spire Wealth Management increased its stake in Solid Power by 141.8% in the fourth quarter. Spire Wealth Management now owns 10,879 shares of the company’s stock valued at $46,000 after purchasing an additional 6,379 shares in the last quarter. Prudential Financial Inc. increased its stake in Solid Power by 69.7% in the second quarter. Prudential Financial Inc. now owns 17,480 shares of the company’s stock valued at $38,000 after purchasing an additional 7,180 shares in the last quarter. Osaic Holdings Inc. increased its stake in Solid Power by 9.0% in the second quarter. Osaic Holdings Inc. now owns 92,809 shares of the company’s stock valued at $203,000 after purchasing an additional 7,683 shares in the last quarter. Finally, Rhumbline Advisers increased its stake in Solid Power by 4.9% in the third quarter. Rhumbline Advisers now owns 206,452 shares of the company’s stock valued at $716,000 after purchasing an additional 9,675 shares in the last quarter. 33.66% of the stock is owned by institutional investors.

Insider Activity at Solid Power

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

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $7.00 price target on shares of Solid Power in a research note on Wednesday, May 6th. Weiss Ratings reissued a “sell (d-)” rating on shares of Solid Power in a research report on Tuesday, April 21st. HC Wainwright initiated coverage on shares of Solid Power in a research report on Monday, March 16th. They set a “buy” rating and a $7.00 target price for the company. Finally, Zacks Research raised shares of Solid Power to a “hold” rating in a research report on Tuesday, March 17th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $7.00.

Solid Power Price Performance

NASDAQ:SLDP opened at $3.06 on Friday. The firm has a 50-day moving average of $3.14 and a 200-day moving average of $4.21. The company has a market cap of $688.44 million, a PE ratio of -6.37 and a beta of 1.91. Solid Power, Inc. has a one year low of $1.30 and a one year high of $8.86.

Solid Power (NASDAQ:SLDP) last posted its earnings results on Tuesday, May 5th. The company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.12) by $0.06. The company had revenue of $3.07 million during the quarter, compared to the consensus estimate of $3.33 million. Solid Power had a negative net margin of 485.47% and a negative return on equity of 21.57%. On average, equities research analysts expect that Solid Power, Inc. will post -0.44 earnings per share for the current fiscal year.

About Solid Power

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.