MetLife Investment Management LLC Boosts Holdings in Solid Power, Inc. (NASDAQ:SLDP)

MetLife Investment Management LLC raised its holdings in Solid Power, Inc. (NASDAQ:SLDP) by 63.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 59,926 shares of the company’s stock after purchasing an additional 23,163 shares during the period. MetLife Investment Management LLC’s holdings in Solid Power were worth $113,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of SLDP. Vanguard Group Inc. raised its holdings in shares of Solid Power by 12.3% in the fourth quarter. Vanguard Group Inc. now owns 8,353,470 shares of the company’s stock worth $15,788,000 after acquiring an additional 912,649 shares during the last quarter. Invesco Ltd. increased its position in Solid Power by 9.9% during the 4th quarter. Invesco Ltd. now owns 3,802,147 shares of the company’s stock worth $7,186,000 after purchasing an additional 342,114 shares in the last quarter. Geode Capital Management LLC raised its stake in Solid Power by 4.5% in the 4th quarter. Geode Capital Management LLC now owns 3,559,922 shares of the company’s stock valued at $6,729,000 after purchasing an additional 152,907 shares during the last quarter. Barclays PLC lifted its holdings in Solid Power by 268.4% in the 3rd quarter. Barclays PLC now owns 200,619 shares of the company’s stock valued at $271,000 after purchasing an additional 146,157 shares in the last quarter. Finally, SG Americas Securities LLC boosted its stake in shares of Solid Power by 205.5% during the 4th quarter. SG Americas Securities LLC now owns 182,685 shares of the company’s stock worth $345,000 after purchasing an additional 122,888 shares during the last quarter. 33.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC reissued 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 Stock Up 2.4 %

Shares of NASDAQ:SLDP opened at $1.30 on Friday. The company has a market cap of $236.59 million, a P/E ratio of -2.65 and a beta of 1.42. The business has a fifty day simple moving average of $1.10 and a 200-day simple moving average of $1.27. Solid Power, Inc. has a 52 week low of $0.68 and a 52 week high of $2.70.

Solid Power (NASDAQ:SLDP) last posted its quarterly earnings results on Tuesday, May 6th. The company reported ($0.08) EPS for the quarter, beating the consensus estimate of ($0.14) by $0.06. Solid Power had a negative return on equity of 18.08% and a negative net margin of 471.22%. The company had revenue of $6.02 million during the quarter, compared to analysts’ expectations of $5.00 million.

Insider Activity at Solid Power

In other Solid Power news, CTO Joshua Buettner-Garrett sold 187,500 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $1.13, for a total transaction of $211,875.00. Following the transaction, the chief technology officer now owns 865,304 shares of the company’s stock, valued at $977,793.52. This trade represents a 17.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 4.90% of the stock is owned by 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.