Creative Planning raised its holdings in shares of Solid Power, Inc. (NASDAQ:SLDP – Free Report) by 15,096.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,593 shares of the company’s stock after acquiring an additional 26,418 shares during the period. Creative Planning’s holdings in Solid Power were worth $68,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. UBS Group AG lifted its stake in Solid Power by 171.2% during the 3rd quarter. UBS Group AG now owns 6,781 shares of the company’s stock valued at $36,000 after acquiring an additional 4,281 shares during the period. Quantbot Technologies LP acquired a new stake in Solid Power during the 1st quarter valued at approximately $67,000. Atria Wealth Solutions Inc. acquired a new stake in Solid Power during the 1st quarter valued at approximately $31,000. Cerity Partners LLC acquired a new stake in Solid Power during the 1st quarter valued at approximately $31,000. Finally, Verition Fund Management LLC acquired a new stake in Solid Power during the 2nd quarter valued at approximately $57,000. 25.62% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several research firms recently issued reports on SLDP. Needham & Company LLC reiterated a “buy” rating and issued a $4.00 target price on shares of Solid Power in a research note on Wednesday, August 9th. Chardan Capital reiterated a “buy” rating and issued a $5.00 target price on shares of Solid Power in a research note on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $3.75.
Solid Power Stock Performance
NASDAQ:SLDP opened at $1.32 on Friday. The company has a fifty day moving average of $1.93 and a two-hundred day moving average of $2.24. The stock has a market capitalization of $235.47 million, a PE ratio of -5.31 and a beta of 1.65. Solid Power, Inc. has a fifty-two week low of $1.31 and a fifty-two week high of $6.05.
Solid Power (NASDAQ:SLDP – Get Free Report) last posted its quarterly earnings data on Tuesday, August 8th. The company reported ($0.07) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.03. The company had revenue of $4.91 million during the quarter, compared to analysts’ expectations of $4.50 million. Solid Power had a negative net margin of 281.63% and a negative return on equity of 8.13%. Research analysts forecast that Solid Power, Inc. will post -0.4 earnings per share for the current year.
Solid Power Company Profile
Solid Power, Inc develops solid state battery technologies for the electric vehicles (EV) and other markets in the United States. The company sell its sulfide-based solid electrolyte and to license its solid-state cell designs and manufacturing processes. It also produces and sells 0.2, 2, 20 ampere-hour (Ah), and EV cells.
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