Solid Power (NASDAQ:SLDP) Releases Quarterly Earnings Results, Misses Estimates By $0.04 EPS

Solid Power (NASDAQ:SLDP - Get Free Report) posted its quarterly earnings results on Thursday. The company reported ($0.17) EPS for the quarter, missing analysts' consensus estimates of ($0.13) by ($0.04), Zacks reports. The company had revenue of $4.46 million during 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%.

Solid Power Stock Performance

SLDP stock traded down $0.10 during trading on Monday, reaching $1.13. 4,396,070 shares of the company traded hands, compared to its average volume of 3,669,210. The company has a market capitalization of $203.84 million, a price-to-earnings ratio of -2.31 and a beta of 1.40. The business has a 50 day simple moving average of $1.56 and a 200 day simple moving average of $1.36. Solid Power has a 12 month low of $1.00 and a 12 month high of $2.70.

Insider Activity

In related news, CTO Joshua Buettner-Garrett sold 187,500 shares of Solid Power stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $2.09, for a total value of $391,875.00. Following the completion of the sale, the chief technology officer now directly owns 865,304 shares in the company, valued at $1,808,485.36. This trade represents a 17.81 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 7.20% of the company's stock.

Wall Street Analysts Forecast Growth

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

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.