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

Solid Power, Inc. (NASDAQ:SLDP) CTO Joshua Buettner-Garrett sold 187,500 shares of the business’s 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 sale, the chief technology officer now owns 683,057 shares of the company’s stock, valued at $1,133,874.62. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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 Price Performance

Shares of SLDP stock opened at $1.97 on Friday. Solid Power, Inc. has a 1 year low of $1.10 and a 1 year high of $3.20. The firm has a fifty day moving average price of $1.72 and a 200-day moving average price of $1.63. The company has a market cap of $348.79 million, a price-to-earnings ratio of -5.18 and a beta of 1.76.

Solid Power (NASDAQ:SLDP) last issued its earnings results on Tuesday, May 7th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.01). The firm had revenue of $5.95 million during the quarter, compared to the consensus estimate of $4.81 million. Solid Power had a negative return on equity of 13.32% and a negative net margin of 345.37%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of SLDP. Brave Asset Management Inc. boosted its holdings in shares of Solid Power by 90.9% during the 4th quarter. Brave Asset Management Inc. now owns 21,000 shares of the company’s stock valued at $30,000 after purchasing an additional 10,000 shares during the last quarter. Gainplan LLC bought a new position in shares of Solid Power during the 1st quarter valued at about $25,000. Norden Group LLC bought a new position in shares of Solid Power during the 1st quarter valued at about $29,000. SG Americas Securities LLC bought a new position in shares of Solid Power during the 1st quarter valued at about $31,000. Finally, Paloma Partners Management Co bought a new position in shares of Solid Power during the 1st quarter valued at about $48,000. Institutional investors own 33.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on SLDP. Needham & Company LLC reissued a “buy” rating and set a $3.00 price objective on shares of Solid Power in a research report on Wednesday, May 8th. Chardan Capital reissued a “buy” rating and set a $5.00 price objective on shares of Solid Power in a research report on Wednesday, May 8th.

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 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.