Solid Power, Inc. (NASDAQ:SLDP) Director Erik J. Anderson Sells 506,283 Shares

Solid Power, Inc. (NASDAQ:SLDP) Director Erik J. Anderson sold 506,283 shares of the company’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $1.27, for a total transaction of $642,979.41. Following the transaction, the director now owns 187,617 shares in the company, valued at $238,273.59. This represents a 72.96 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Solid Power Price Performance

Shares of NASDAQ:SLDP traded up $0.02 during midday trading on Monday, hitting $1.18. 2,069,982 shares of the company’s stock were exchanged, compared to its average volume of 2,347,739. The stock has a 50 day moving average price of $1.21 and a 200-day moving average price of $1.48. The company has a market cap of $212.86 million, a PE ratio of -2.42 and a beta of 1.74. Solid Power, Inc. has a 12 month low of $1.00 and a 12 month high of $2.35.

Institutional Investors Weigh In On Solid Power

Several hedge funds and other institutional investors have recently made changes to their positions in SLDP. Virtu Financial LLC bought a new stake in Solid Power in the 3rd quarter worth about $195,000. Barclays PLC grew its position in Solid Power by 268.4% in the 3rd quarter. Barclays PLC now owns 200,619 shares of the company’s stock worth $271,000 after purchasing an additional 146,157 shares in the last quarter. Geode Capital Management LLC grew its position in Solid Power by 2.7% in the 3rd quarter. Geode Capital Management LLC now owns 3,407,015 shares of the company’s stock worth $4,600,000 after purchasing an additional 88,754 shares in the last quarter. Yaupon Capital Management LP grew its position in Solid Power by 27.5% in the 3rd quarter. Yaupon Capital Management LP now owns 2,379,462 shares of the company’s stock worth $3,212,000 after purchasing an additional 513,689 shares in the last quarter. Finally, State Street Corp grew its position in Solid Power by 0.7% in the 3rd quarter. State Street Corp now owns 2,962,235 shares of the company’s stock worth $3,999,000 after purchasing an additional 19,209 shares in the last quarter. 33.66% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Needham & Company LLC dropped their price objective on shares of Solid Power from $3.00 to $2.00 and set a “buy” rating on the stock in a report on Monday, November 11th. Wolfe Research assumed coverage on shares of Solid Power in a report on Thursday, September 5th. They set an “underperform” rating and a $1.00 price objective on the stock.

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.