Solid Power (NASDAQ:SLDP) Posts Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Solid Power (NASDAQ:SLDP) released its earnings results on Tuesday. The company reported ($0.11) EPS for the quarter, topping the consensus estimate of ($0.12) by $0.01, FiscalAI reports. The business had revenue of ($0.27) million for the quarter, compared to the consensus estimate of $1.55 million. Solid Power had a negative return on equity of 21.57% and a negative net margin of 485.47%.

Here are the key takeaways from Solid Power’s conference call:

• Manufacturing pilot line remains on schedule: Solid Power said its continuous electrolyte production line has all major equipment installed, with commissioning planned for the fourth quarter and initial output expected in the first quarter of 2027 at a fully commissioned capacity of 45 metric tons.
• The company reported progress with Samsung SDI and BMW, including improved electrolyte performance and quality, and expects collaboration with both companies to continue after the current phase-one agreements expire in September.
• Solid Power remains confident it will announce a South Korean electrolyte-production joint venture by year-end, citing three active discussions and one prospective partner with a draft term sheet under review. It also completed a line-installation agreement milestone with SK On and is negotiating a new collaboration.
• Second-quarter revenue was negative $300,000 after a noncash $1.2 million reversal tied to changed assumptions for SK On milestone payments; operating expenses were $30 million, producing a $23.8 million net loss, or $0.11 per share.
• The company ended the quarter with $419.3 million in liquidity, no debt, and $3.2 million in contract assets and receivables, providing substantial funding to pursue commercialization, customer programs, and manufacturing scale-up.

Solid Power Stock Up 8.0%

Solid Power stock traded up $0.17 during trading hours on Tuesday, hitting $2.30. 5,539,100 shares of the stock traded hands, compared to its average volume of 3,901,749. Solid Power has a 1 year low of $1.98 and a 1 year high of $8.86. The firm’s 50 day moving average price is $2.64 and its 200-day moving average price is $3.25.

Insider Transactions at Solid Power

In related news, Director Lesa B. Roe sold 39,207 shares of the firm’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $2.66, for a total transaction of $104,290.62. Following the completion of the transaction, the director owned 243,975 shares of the company’s stock, valued at $648,973.50. This trade represents a 13.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 5.70% of the company’s stock.

Hedge Funds Weigh In On Solid Power

A number of large investors have recently bought and sold shares of the business. Kestra Advisory Services LLC acquired a new position in shares of Solid Power during the 4th quarter worth approximately $42,000. Cibc World Markets Corp acquired a new stake in Solid Power in the 4th quarter valued at $43,000. Creative Planning purchased a new stake in Solid Power in the 2nd quarter worth $26,000. American Century Companies Inc. purchased a new stake in Solid Power in the 2nd quarter worth $27,000. Finally, Russell Investments Group Ltd. acquired a new position in Solid Power during the third quarter worth $45,000. Institutional investors and hedge funds own 33.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on SLDP shares. Needham & Company LLC reissued a “buy” rating and set a $7.00 price target on shares of Solid Power in a research note on Wednesday, May 6th. Weiss Ratings restated a “sell (d-)” rating on shares of Solid Power in a report on Friday, July 17th. Finally, Alliance Global Partners initiated coverage on shares of Solid Power in a research note on Wednesday, June 10th. They issued a “buy” rating and a $6.75 price target on the stock. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $6.92.

Solid Power Company Profile

Solid Power, Inc (NASDAQ: SLDP) is a Colorado-based company specializing in the development and manufacturing of all-solid-state rechargeable battery cells for the electric vehicle (EV) and aerospace industries. Founded in 2012 as a spin-out from the University of Colorado Boulder, Solid Power has focused on advancing solid electrolytes and high-energy battery architectures to deliver improved safety, higher energy density and longer cycle life compared with traditional lithium-ion batteries.

The company’s core offerings include multilayer solid-state battery cells that utilize sulfide-based solid electrolytes and high-capacity cathode materials.