Solid Power (SLDP) to Release Quarterly Earnings on Thursday

Solid Power (NASDAQ:SLDP - Get Free Report) is scheduled to release its earnings data after the market closes on Thursday, November 7th. Individual that are interested in registering for the company's earnings conference call can do so using this link.

Solid Power (NASDAQ:SLDP - Get Free Report) last announced its earnings results on Tuesday, August 6th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.06). Solid Power had a negative net margin of 393.42% and a negative return on equity of 15.87%. The firm had revenue of $5.08 million during the quarter, compared to analysts' expectations of $13.11 million. During the same period in the previous year, the firm earned ($0.07) EPS.

Solid Power Trading Down 4.8 %

SLDP traded down $0.06 during mid-day trading on Thursday, hitting $1.18. 1,575,804 shares of the stock were exchanged, compared to its average volume of 2,374,440. The firm's fifty day moving average is $1.31 and its two-hundred day moving average is $1.58. Solid Power has a 1-year low of $1.10 and a 1-year high of $2.35. The company has a market cap of $211.18 million, a PE ratio of -2.82 and a beta of 1.73.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SLDP. Wolfe Research began coverage on Solid Power in a research note on Thursday, September 5th. They set an "underperform" rating and a $1.00 target price for the company. Needham & Company LLC reaffirmed a "buy" rating and set a $3.00 price objective on shares of Solid Power in a research report on Wednesday, August 7th.

Insider Transactions at Solid Power

In other news, Director Lesa B. Roe sold 27,900 shares of Solid Power stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $1.35, for a total transaction of $37,665.00. Following the sale, the director now owns 149,241 shares in the company, valued at approximately $201,475.35. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Steven H. Goldberg sold 59,197 shares of the stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $1.45, for a total value of $85,835.65. Following the completion of the sale, the director now directly owns 82,365 shares of the company's stock, valued at approximately $119,429.25. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lesa B. Roe sold 27,900 shares of Solid Power stock in a transaction on Friday, August 9th. The shares were sold at an average price of $1.35, for a total transaction of $37,665.00. Following the completion of the transaction, the director now directly owns 149,241 shares in the company, valued at $201,475.35. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 649,597 shares of company stock worth $852,876. 7.20% of the stock is currently owned by insiders.

About Solid Power

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.