Shell Asset Management Co. Acquires Shares of 13,506 Solid Power, Inc. (NASDAQ:SLDP)

Shell Asset Management Co. acquired a new stake in Solid Power, Inc. (NASDAQ:SLDPGet Rating) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 13,506 shares of the company’s stock, valued at approximately $73,000.

Other hedge funds have also recently modified their holdings of the company. Ovata Capital Management Ltd purchased a new position in shares of Solid Power in the first quarter valued at about $33,000. CWM LLC purchased a new position in shares of Solid Power during the second quarter valued at about $28,000. Spire Wealth Management purchased a new position in shares of Solid Power during the second quarter valued at about $31,000. Quantbot Technologies LP purchased a new position in shares of Solid Power during the first quarter valued at about $67,000. Finally, UBS Group AG increased its position in shares of Solid Power by 28.0% during the first quarter. UBS Group AG now owns 11,093 shares of the company’s stock valued at $96,000 after buying an additional 2,426 shares during the period. Hedge funds and other institutional investors own 21.55% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on SLDP. Cowen began coverage on shares of Solid Power in a research report on Monday, October 31st. They set a “market perform” rating on the stock. Cowen began coverage on shares of Solid Power in a research report on Monday, October 31st. They set a “market perform” rating on the stock.

Insiders Place Their Bets

In other Solid Power news, Director John Joseph Stephens acquired 25,000 shares of the business’s stock in a transaction on Tuesday, August 23rd. The shares were acquired at an average price of $6.54 per share, for a total transaction of $163,500.00. Following the completion of the acquisition, the director now owns 55,505 shares in the company, valued at $363,002.70. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CEO Douglas M. Campbell sold 270,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 24th. The shares were sold at an average price of $7.08, for a total value of $1,911,600.00. Following the transaction, the chief executive officer now owns 10,780,214 shares in the company, valued at $76,323,915.12. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director John Joseph Stephens bought 25,000 shares of the company’s stock in a transaction dated Tuesday, August 23rd. The stock was purchased at an average price of $6.54 per share, for a total transaction of $163,500.00. Following the purchase, the director now owns 55,505 shares of the company’s stock, valued at approximately $363,002.70. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 1,150,000 shares of company stock worth $7,807,500. 11.30% of the stock is currently owned by company insiders.

Solid Power Stock Performance

Shares of SLDP opened at $4.63 on Friday. Solid Power, Inc. has a fifty-two week low of $4.58 and a fifty-two week high of $14.85. The firm’s 50-day simple moving average is $5.45 and its two-hundred day simple moving average is $6.37.

Solid Power Company Profile

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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.

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Institutional Ownership by Quarter for Solid Power (NASDAQ:SLDP)

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