Solid Power (SLDP) to Release Earnings on Tuesday

Solid Power (NASDAQ:SLDP) will be releasing its earnings data after the market closes on Tuesday, May 7th. Analysts expect Solid Power to post earnings of ($0.11) per share for the quarter. Solid Power has set its FY 2024 guidance at EPS.Investors that are interested in participating in the company’s conference call can do so using this link.

Solid Power (NASDAQ:SLDP) last released its quarterly earnings data on Tuesday, February 27th. The company reported ($0.11) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.11). Solid Power had a negative net margin of 376.47% and a negative return on equity of 12.55%. The firm had revenue of $2.35 million for the quarter, compared to analysts’ expectations of $4.14 million. On average, analysts expect Solid Power to post $0 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Solid Power Stock Performance

Shares of NASDAQ:SLDP opened at $1.82 on Monday. The firm has a market cap of $329.58 million, a price-to-earnings ratio of -4.92 and a beta of 1.79. The firm has a fifty day moving average price of $1.66 and a 200 day moving average price of $1.52. Solid Power has a fifty-two week low of $1.10 and a fifty-two week high of $3.20.

Analyst Ratings Changes

A number of research analysts have recently weighed in on SLDP shares. Needham & Company LLC restated a “buy” rating and set a $3.00 price objective on shares of Solid Power in a research report on Wednesday, February 28th. DA Davidson restated a “neutral” rating and set a $3.00 price target on shares of Solid Power in a report on Tuesday, March 5th. Finally, Chardan Capital reaffirmed a “buy” rating and issued a $5.00 price objective on shares of Solid Power in a research note on Wednesday, February 28th.

Insider Activity

In related news, CTO Joshua Buettner-Garrett sold 187,500 shares of Solid Power stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $1.58, for a total value of $296,250.00. Following the completion of the transaction, the chief technology officer now owns 356,433 shares in the company, valued at $563,164.14. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last three months, insiders have sold 562,500 shares of company stock worth $900,000. 7.20% of the stock is currently owned by corporate insiders.

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.