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.
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 Competitors||67||457||976||50||2.65|
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.
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 Competitors||-87.17%||-126.36%||-19.40%|
Solid Power peers beat Solid Power on 8 of the 13 factors compared.
Solid Power Company Profile
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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