Solid Power (SLDP) Projected to Post Quarterly Earnings on Thursday

Solid Power (NASDAQ:SLDP) is projected to announce its earnings results after the market closes on Thursday, February 27th. Analysts expect the company to announce earnings of ($0.13) per share and revenue of $3.85 million for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Solid Power Price Performance

NASDAQ:SLDP opened at $1.27 on Tuesday. The business has a 50 day moving average of $1.56 and a 200 day moving average of $1.36. The company has a market capitalization of $229.09 million, a price-to-earnings ratio of -2.59 and a beta of 1.40. Solid Power has a 1-year low of $1.00 and a 1-year high of $2.70.

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 that occurred 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 completion of the sale, the chief technology officer now owns 865,304 shares in the company, valued at approximately $1,808,485.36. The trade was a 17.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 7.20% of the company’s stock.

Analysts Set New Price Targets

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

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.