CVA Family Office LLC Reduces Stock Position in Solid Power, Inc. $SLDP

CVA Family Office LLC cut its holdings in Solid Power, Inc. (NASDAQ:SLDP) by 70.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 79,243 shares of the company’s stock after selling 188,836 shares during the quarter. CVA Family Office LLC’s holdings in Solid Power were worth $337,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the business. Creative Planning purchased a new stake in Solid Power in the 2nd quarter worth approximately $26,000. American Century Companies Inc. bought a new stake in shares of Solid Power in the 2nd quarter worth approximately $27,000. Corient Private Wealth LLC purchased a new position in shares of Solid Power during the second quarter valued at approximately $31,000. Brown Advisory Inc. bought a new position in shares of Solid Power during the second quarter valued at approximately $33,000. Finally, AlphaCore Capital LLC bought a new position in shares of Solid Power during the third quarter valued at approximately $35,000. Hedge funds and other institutional investors own 33.66% of the company’s stock.

Analyst Upgrades and Downgrades

SLDP has been the subject of a number of research analyst reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $7.00 price target on shares of Solid Power in a research note on Wednesday, January 14th. Zacks Research upgraded shares of Solid Power to a “hold” rating in a report on Tuesday, March 17th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Solid Power in a research report on Thursday, January 22nd. Wall Street Zen lowered shares of Solid Power from a “hold” rating to a “sell” rating in a research note on Saturday, December 20th. Finally, HC Wainwright began coverage on shares of Solid Power in a research report on Monday, March 16th. They set a “buy” rating and a $7.00 price target on the stock. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $7.00.

Solid Power Stock Down 2.3%

SLDP opened at $3.01 on Friday. The stock has a market cap of $663.95 million, a PE ratio of -6.02 and a beta of 1.92. The business has a 50 day moving average of $3.86 and a 200-day moving average of $4.72. Solid Power, Inc. has a 52 week low of $0.68 and a 52 week high of $8.86.

Solid Power (NASDAQ:SLDP) last issued its quarterly earnings results on Tuesday, February 24th. The company reported ($0.14) earnings per share for the quarter, topping the consensus estimate of ($0.16) by $0.02. The company had revenue of ($0.20) million for the quarter, compared to analysts’ expectations of $2.50 million. Solid Power had a negative return on equity of 23.88% and a negative net margin of 429.54%.

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.