Streetbeat News

SLDP

Solid Power, Inc.

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 reiterated its financial guidance for 2024, expecting operational cash use between $60 million to $70 million and capital expenditures between $40 million to $50 million, with total cash investment ranging from $100 million to $120 million. The company also expects 2024 revenue to be between $20 million to $25 million, including about $35 million in deferred operational and capital investments from 2023.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 10:19 pm

Solid Power (NASDAQ:SLDP) reported Q1 2024 earnings with a GAAP EPS of $(0.12), missing the $(0.09) estimate, and sales of $5.953M, beating the $4.833M estimate. This represents a 9.09% decrease in EPS and a 56.99% increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 10:06 pm

In Monday's after-market session, 12 consumer discretionary stocks saw significant movements. SharpLink Gaming, Secoo Holding, Color Star Tech, ToughBuilt Industries, Mingteng International, and Serve Robotics were among the gainers, with SharpLink Gaming leading with a 16.8% increase. On the downside, Digital Brands Group, Greenlane Holdings, Solid Power, Canoo, Kaixin Holdings, and Mullen Automotive experienced declines, with Digital Brands Group dropping by 6%.

Portfolio Pulse from Benzinga Insights

April 22, 2024 | 8:31 pm

In Monday's pre-market session, several consumer discretionary stocks showed notable movements. Selina Hospitality (SLNA) led the gainers with a 26.8% increase, while EZGO Technologies (EZGO) experienced the largest drop among the losers, decreasing by 16.1%. Other notable mentions include Torrid Holdings (CURV) with a 16.8% rise following their Q4 earnings release, and Oxford Industries (OXM) falling 10.97% also after their Q4 earnings announcement.

Portfolio Pulse from Benzinga Insights

April 01, 2024 | 12:08 pm

In Wednesday's intraday session, 12 consumer discretionary stocks showed significant movement. Notable gainers included Cazoo Gr (CZOO) with an 82.6% increase and The One Group Hospitality (STKS) rising 23.31%. Among the losers, Dogness (DOGZ) fell by 16% and JOANN (JOAN) dropped 15.46%. Earnings reports influenced several stocks, including Allied Gaming (AGAE), Hour Loop (HOUR), and GameStop (GME).

Portfolio Pulse from Benzinga Insights

March 27, 2024 | 4:31 pm

DA Davidson analyst Michael Shlisky reiterated a Neutral rating on Solid Power (NASDAQ:SLDP) and maintained a $3 price target.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 4:19 pm

Chardan Capital analyst Brian Dobson reiterated a Buy rating on Solid Power (NASDAQ:SLDP) and maintained a $5 price target.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 4:51 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

February 28, 2024 | 1:45 pm

Solid Power forecasts its FY24 revenue to be between $20M-$25M, which is below the estimated $25.077M.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 11:17 pm

Solid Power anticipates its cash usage in operations for fiscal year 2024 to be between $60 million and $70 million.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 11:16 pm

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