Streetbeat News

SLDP

Solid Power, Inc.

https://solidpowerbattery.com

Industry

Electrical Equipment & Parts

Solid Power, Inc. focuses on the development and commercialization of all-solid-state battery cells and solid electrolyte materials for the battery-powered electric vehicle market in the United States. The company was founded in 2011 and is headquartered in Louisville, Colorado.

Open

1.17

Mkt cap

211M

Volume

2.1M

High

1.20

P/E Ratio

-2.74

52-wk high

2.35

Low

1.14

Div yield

N/A

52-wk low

1.10

Solid Power, Inc. (NASDAQ:SLDP) shares are trading higher after being selected by the U.S. Department of Energy for negotiations on up to $50 million in federal funding. This funding will support the development of a continuous manufacturing process for sulfide-based solid electrolyte materials, crucial for advanced all-solid-state batteries. Solid Power aims to increase its production capacity significantly by 2028.

Portfolio Pulse from Dylan Berman

September 20, 2024 | 5:10 pm

Solid Power's shares rose following its selection by the U.S. Department of Energy for up to $50 million in award negotiations to produce sulfide-based electrolyte materials for advanced all-solid-state batteries.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2024 | 3:44 pm

Solid Power has been selected by the U.S. Department of Energy for a potential $50 million award to support the continuous production of sulfide-based solid electrolyte materials for advanced all-solid-state batteries.

Portfolio Pulse from Nabaparna Bhattacharya

September 20, 2024 | 11:22 am

Wolfe Research has initiated coverage on Solid Power (NASDAQ:SLDP) with an Underperform rating and set a price target of $1.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 6:16 pm

Needham analyst Chris Pierce reiterates a Buy rating on Solid Power (NASDAQ:SLDP) and maintains a $3 price target.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 11:44 am

Solid Power has revised its 2024 revenue expectations from $20M-$25M to $16M-$20M, primarily due to slower revenue recognition from SK On agreements and delays in electrolyte sales. The company still expects 2024 cash used in operations to be $60M-$70M and capital expenditures to be $40M-$50M.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 9:42 pm

Solid Power (NASDAQ:SLDP) reported Q2 2024 GAAP EPS of $(0.13), missing the $(0.07) estimate by 85.71%. Sales were $5.075M, missing the $9.328M estimate by 45.59%. EPS decreased by 85.71% YoY, while sales increased by 3.44% YoY.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 8:53 pm

Solid Power has reaffirmed its FY24 revenue guidance to be between $20 million and $25 million, compared to the estimated $22.578 million.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 12:06 pm

Solid Power has appointed Linda Heller as its new CFO and Treasurer, effective immediately. This leadership change is expected to bring new strategic direction to the company.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 12:04 pm

Needham analyst Chris Pierce reiterated a Buy rating on Solid Power (NASDAQ:SLDP) and maintained a $3 price target. This reaffirms Needham's positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 9:52 am

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