Head-To-Head Analysis: Solid Power (SLDP) versus The Competition

Solid Power (NASDAQ:SLDP – Get Rating) is one of 60 public companies in the “Miscellaneous electrical machinery, equipment, & supplies” industry, but how does it contrast to its peers? We will compare Solid Power to similar businesses based on the strength of its institutional ownership, profitability, analyst recommendations, valuation, dividends, earnings and risk.

Volatility & Risk

Solid Power has a beta of 1.64, indicating that its share price is 64% more volatile than the S&P 500. Comparatively, Solid Power’s peers have a beta of 0.60, indicating that their average share price is 40% less volatile than the S&P 500.

Analyst Ratings

This is a summary of recent ratings and price targets for Solid Power and its peers, as provided by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Solid Power	0	5	1	0	2.17
Solid Power Competitors	67	457	976	50	2.65

Solid Power presently has a consensus target price of $5.38, indicating a potential upside of 84.71%. As a group, “Miscellaneous electrical machinery, equipment, & supplies” companies have a potential upside of 31.83%. Given Solid Power’s higher possible upside, equities analysts plainly believe Solid Power is more favorable than its peers.

Earnings and Valuation

This table compares Solid Power and its peers revenue, earnings per share and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Solid Power	$11.79 million	-$9.56 million	-58.19
Solid Power Competitors	$704.16 million	$13.12 million	5.24

Solid Power’s peers have higher revenue and earnings than Solid Power. Solid Power is trading at a lower price-to-earnings ratio than its peers, indicating that it is currently more affordable than other companies in its industry.

Institutional and Insider Ownership

34.0% of Solid Power shares are owned by institutional investors. Comparatively, 42.2% of shares of all “Miscellaneous electrical machinery, equipment, & supplies” companies are owned by institutional investors. 11.3% of Solid Power shares are owned by company insiders. Comparatively, 14.1% of shares of all “Miscellaneous electrical machinery, equipment, & supplies” companies are owned by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company is poised for long-term growth.

Profitability

This table compares Solid Power and its peers’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Solid Power	-81.05%	-1.72%	-1.58%
Solid Power Competitors	-87.17%	-126.36%	-19.40%

Summary

Solid Power peers beat Solid Power on 8 of the 13 factors compared.

Solid Power Company Profile

(Get Rating)

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.