Solid Power, Inc. (NASDAQ:SLDP) Director John Joseph Stephens Buys 214,500 Shares of Stock

Solid Power, Inc. (NASDAQ:SLDP – Get Rating) Director John Joseph Stephens purchased 214,500 shares of the firm’s stock in a transaction that occurred on Friday, March 10th. The shares were acquired at an average cost of $2.92 per share, with a total value of $626,340.00. Following the completion of the purchase, the director now directly owns 300,005 shares in the company, valued at approximately $876,014.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Solid Power Trading Down 1.0 %

Shares of NASDAQ:SLDP opened at $2.83 on Wednesday. Solid Power, Inc. has a 12-month low of $1.95 and a 12-month high of $9.99. The business’s fifty day simple moving average is $3.08 and its 200-day simple moving average is $4.14. The company has a market capitalization of $500.29 million, a PE ratio of -56.59 and a beta of 1.64.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Cambridge Investment Research Advisors Inc. purchased a new position in shares of Solid Power in the 4th quarter valued at $26,000. Jane Street Group LLC purchased a new position in shares of Solid Power in the 4th quarter valued at $30,000. Citigroup Inc. increased its holdings in shares of Solid Power by 29.2% in the 4th quarter. Citigroup Inc. now owns 12,069 shares of the company’s stock valued at $31,000 after acquiring an additional 2,731 shares during the period. US Bancorp DE purchased a new position in shares of Solid Power in the 3rd quarter valued at $32,000. Finally, Belvedere Trading LLC purchased a new position in shares of Solid Power in the 4th quarter valued at $32,000. 33.97% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on SLDP. DA Davidson lowered Solid Power from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $13.00 to $5.00 in a research note on Wednesday, November 30th. Citigroup lifted their target price on Solid Power from $3.00 to $3.50 and gave the company a “neutral” rating in a research report on Friday, March 3rd. Stifel Nicolaus started coverage on Solid Power in a research report on Friday, December 2nd. They set a “hold” rating and a $5.00 target price for the company. Finally, Needham & Company LLC started coverage on Solid Power in a research report on Wednesday, March 8th. They set a “buy” rating and a $5.00 target price for the company. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $5.30.

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.