Solid Power, Inc. (NASDAQ:SLDP) CTO Joshua Buettner-Garrett Sells 187,500 Shares of Stock

Solid Power, Inc. (NASDAQ:SLDPGet Free Report) CTO Joshua Buettner-Garrett sold 187,500 shares of Solid Power stock in a transaction on Tuesday, July 9th. The shares were sold at an average price of $1.66, for a total transaction of $311,250.00. Following the transaction, the chief technology officer now owns 683,057 shares in the company, valued at approximately $1,133,874.62. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Joshua Buettner-Garrett also recently made the following trade(s):

  • On Friday, June 14th, Joshua Buettner-Garrett sold 187,500 shares of Solid Power stock. The shares were sold at an average price of $1.66, for a total transaction of $311,250.00.
  • On Tuesday, May 21st, Joshua Buettner-Garrett sold 187,500 shares of Solid Power stock. The shares were sold at an average price of $1.68, for a total transaction of $315,000.00.

Solid Power Trading Up 4.1 %

Shares of NASDAQ:SLDP opened at $1.78 on Thursday. Solid Power, Inc. has a 12 month low of $1.10 and a 12 month high of $3.20. The company has a 50-day moving average price of $1.72 and a 200 day moving average price of $1.63. The company has a market cap of $315.15 million, a price-to-earnings ratio of -4.68 and a beta of 1.76.

Solid Power (NASDAQ:SLDPGet Free Report) last announced its quarterly earnings results on Tuesday, May 7th. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.01). Solid Power had a negative net margin of 345.37% and a negative return on equity of 13.32%. The business had revenue of $5.95 million during the quarter, compared to the consensus estimate of $4.81 million.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Gainplan LLC purchased a new stake in Solid Power in the 1st quarter worth about $25,000. Norden Group LLC purchased a new stake in Solid Power in the 1st quarter worth about $29,000. SG Americas Securities LLC purchased a new stake in Solid Power in the 1st quarter worth about $31,000. Brave Asset Management Inc. raised its position in Solid Power by 90.9% in the 4th quarter. Brave Asset Management Inc. now owns 21,000 shares of the company’s stock worth $30,000 after purchasing an additional 10,000 shares during the period. Finally, Paloma Partners Management Co purchased a new stake in Solid Power in the 1st quarter worth about $48,000. Institutional investors own 33.66% of the company’s stock.

Wall Street Analyst Weigh In

SLDP has been the topic of a number of research reports. Chardan Capital reiterated a “buy” rating and issued a $5.00 price target on shares of Solid Power in a report on Wednesday, May 8th. Needham & Company LLC reiterated a “buy” rating and issued a $3.00 price target on shares of Solid Power in a report on Wednesday, May 8th.

Get Our Latest Stock Report on SLDP

About Solid Power

(Get Free Report)

Solid Power, Inc develops solid state battery technologies for the electric vehicles (EV) and other markets in the United States. The company sells its sulfide-based solid electrolyte; and licenses 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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