Solid Power, Inc. $SLDP Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC grew its stake in shares of Solid Power, Inc. (NASDAQ:SLDP) by 507.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 118,439 shares of the company’s stock after purchasing an additional 98,938 shares during the quarter. SG Americas Securities LLC owned 0.07% of Solid Power worth $411,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Pure Financial Advisors LLC acquired a new position in Solid Power during the 2nd quarter worth approximately $4,668,000. Goldman Sachs Group Inc. lifted its position in shares of Solid Power by 12.7% during the first quarter. Goldman Sachs Group Inc. now owns 894,120 shares of the company’s stock worth $939,000 after purchasing an additional 100,939 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Solid Power during the second quarter worth $686,000. MBL Wealth LLC purchased a new stake in Solid Power during the 2nd quarter worth $591,000. Finally, Brevan Howard Capital Management LP increased its stake in Solid Power by 252.1% during the 2nd quarter. Brevan Howard Capital Management LP now owns 154,599 shares of the company’s stock worth $339,000 after buying an additional 110,686 shares during the period. 33.66% of the stock is currently owned by hedge funds and other institutional investors.

Solid Power Trading Down 2.7%

Shares of NASDAQ SLDP opened at $5.42 on Monday. The company has a market capitalization of $1.04 billion, a price-to-earnings ratio of -10.23 and a beta of 1.89. Solid Power, Inc. has a twelve month low of $0.68 and a twelve month high of $8.86. The business has a 50 day simple moving average of $5.05 and a 200-day simple moving average of $4.82.

Solid Power (NASDAQ:SLDP) last announced its quarterly earnings data on Tuesday, November 4th. The company reported ($0.14) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.17) by $0.03. Solid Power had a negative return on equity of 24.88% and a negative net margin of 429.55%.The firm had revenue of $4.56 million for the quarter, compared to analysts’ expectations of $3.50 million.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on SLDP. Needham & Company LLC restated a “buy” rating and set a $7.00 target price on shares of Solid Power in a research note on Wednesday, January 14th. Wall Street Zen lowered Solid Power from a “hold” rating to a “sell” rating in a research note on Saturday, December 20th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Solid Power in a research report on Thursday. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $7.00.

Insider Transactions at Solid Power

In other news, Director Erik J. Anderson sold 30,000 shares of the company’s stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $5.20, for a total transaction of $156,000.00. Following the completion of the transaction, the director directly owned 157,617 shares of the company’s stock, valued at approximately $819,608.40. This represents a 15.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 7.20% of the stock is owned by corporate insiders.

Solid Power Company Profile

Solid Power, Inc (NASDAQ: SLDP) is a Colorado-based company specializing in the development and manufacturing of all-solid-state rechargeable battery cells for the electric vehicle (EV) and aerospace industries. Founded in 2012 as a spin-out from the University of Colorado Boulder, Solid Power has focused on advancing solid electrolytes and high-energy battery architectures to deliver improved safety, higher energy density and longer cycle life compared with traditional lithium-ion batteries.

The company’s core offerings include multilayer solid-state battery cells that utilize sulfide-based solid electrolytes and high-capacity cathode materials.