Yaupon Capital Management LP Has $832,000 Stock Holdings in Solid Power, Inc. (NASDAQ:SLDP)

Yaupon Capital Management LP lowered its stake in shares of Solid Power, Inc. (NASDAQ:SLDP - Free Report) by 81.5% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 440,049 shares of the company's stock after selling 1,939,413 shares during the period. Yaupon Capital Management LP owned approximately 0.24% of Solid Power worth $832,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Solid Power by 12.3% during the fourth quarter. Vanguard Group Inc. now owns 8,353,470 shares of the company's stock valued at $15,788,000 after purchasing an additional 912,649 shares during the period. Invesco Ltd. increased its holdings in Solid Power by 9.9% in the 4th quarter. Invesco Ltd. now owns 3,802,147 shares of the company's stock valued at $7,186,000 after buying an additional 342,114 shares during the period. Geode Capital Management LLC raised its stake in shares of Solid Power by 4.5% in the 4th quarter. Geode Capital Management LLC now owns 3,559,922 shares of the company's stock valued at $6,729,000 after buying an additional 152,907 shares in the last quarter. State Street Corp lifted its holdings in shares of Solid Power by 0.7% during the 3rd quarter. State Street Corp now owns 2,962,235 shares of the company's stock worth $3,999,000 after acquiring an additional 19,209 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in Solid Power by 0.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,163,561 shares of the company's stock valued at $2,199,000 after acquiring an additional 9,097 shares during the period. 33.66% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Solid Power

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

Solid Power Price Performance

Shares of SLDP remained flat at $1.14 during trading hours on Friday. 677,024 shares of the stock traded hands, compared to its average volume of 2,524,477. The stock has a market capitalization of $207.47 million, a PE ratio of -2.33 and a beta of 1.44. The company's 50 day moving average price is $1.13 and its two-hundred day moving average price is $1.28. Solid Power, Inc. has a fifty-two week low of $0.68 and a fifty-two week high of $2.70.

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

Analysts Set New Price Targets

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

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.