Solid Power, Inc. (NASDAQ:SLDP) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. boosted its stake in Solid Power, Inc. (NASDAQ:SLDP - Free Report) by 12.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,353,470 shares of the company's stock after buying an additional 912,649 shares during the period. Vanguard Group Inc. owned approximately 4.63% of Solid Power worth $15,788,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. State Street Corp lifted its position in shares of Solid Power by 0.7% during the third quarter. State Street Corp now owns 2,962,235 shares of the company's stock worth $3,999,000 after purchasing an additional 19,209 shares in the last quarter. Barclays PLC lifted its stake in Solid Power by 268.4% during the third quarter. Barclays PLC now owns 200,619 shares of the company's stock worth $271,000 after purchasing an additional 146,157 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Solid Power by 2.7% in the 3rd quarter. Geode Capital Management LLC now owns 3,407,015 shares of the company's stock valued at $4,600,000 after buying an additional 88,754 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Solid Power in the 3rd quarter valued at about $195,000. Finally, SG Americas Securities LLC grew its position in shares of Solid Power by 205.5% during the fourth quarter. SG Americas Securities LLC now owns 182,685 shares of the company's stock worth $345,000 after acquiring an additional 122,888 shares during the last quarter. 33.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Solid Power

In other Solid Power news, CTO Joshua Buettner-Garrett sold 187,500 shares of the company's stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $1.13, for a total value of $211,875.00. Following the transaction, the chief technology officer now directly owns 865,304 shares in the company, valued at approximately $977,793.52. This represents a 17.81 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 7.20% of the stock is currently owned by insiders.

Solid Power Stock Performance

SLDP stock opened at $1.10 on Friday. The company has a fifty day moving average of $1.15 and a 200-day moving average of $1.28. Solid Power, Inc. has a one year low of $0.68 and a one year high of $2.70. The stock has a market capitalization of $200.19 million, a PE ratio of -2.24 and a beta of 1.44.

Solid Power (NASDAQ:SLDP - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The company reported ($0.17) EPS for the quarter, missing analysts' consensus estimates of ($0.13) by ($0.04). The company had revenue of $4.46 million for the quarter, compared to analysts' expectations of $3.85 million. Solid Power had a negative return on equity of 18.08% and a negative net margin of 471.22%.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC reaffirmed a "buy" rating and set a $2.00 price objective on shares of Solid Power in a research report on Wednesday, January 15th.

Solid Power 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.

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