Cibc World Markets Corp Purchases New Position in Solid Power, Inc. (NASDAQ:SLDP)

Cibc World Markets Corp acquired a new position in shares of Solid Power, Inc. (NASDAQ:SLDP) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 14,484 shares of the company’s stock, valued at approximately $27,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Belvedere Trading LLC purchased a new position in shares of Solid Power during the fourth quarter valued at approximately $33,000. Raymond James Financial Inc. purchased a new position in Solid Power during the 4th quarter worth $40,000. Intech Investment Management LLC bought a new stake in shares of Solid Power in the 3rd quarter worth $62,000. Carlson Capital L.P. bought a new stake in shares of Solid Power in the 4th quarter worth $189,000. Finally, Virtu Financial LLC purchased a new stake in shares of Solid Power in the third quarter valued at about $195,000. 33.66% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Solid Power

In other Solid Power news, CTO Joshua Buettner-Garrett sold 187,500 shares of the business’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $2.09, for a total value of $391,875.00. Following the sale, the chief technology officer now directly owns 865,304 shares in the company, valued at $1,808,485.36. The trade was a 17.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 7.20% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC reaffirmed a “buy” rating and issued a $2.00 price objective on shares of Solid Power in a research report on Wednesday, January 15th.

Solid Power Trading Down 2.7 %

SLDP stock opened at $1.08 on Friday. The stock has a market cap of $196.55 million, a P/E ratio of -2.20 and a beta of 1.42. The stock’s fifty day simple moving average is $1.28 and its two-hundred day simple moving average is $1.32. Solid Power, Inc. has a 1-year low of $1.00 and a 1-year high of $2.70.

Solid Power (NASDAQ:SLDP) last released its earnings results on Thursday, February 27th. The company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.04). The business had revenue of $4.46 million for the quarter, compared to the consensus estimate of $3.85 million. Solid Power had a negative return on equity of 18.08% and a negative net margin of 471.22%.

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.