Solid Power (NASDAQ:SLDP) Posts Earnings Results, Misses Expectations By $0.04 EPS

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

Solid Power Stock Performance

Shares of SLDP traded down $0.10 during trading hours on Monday, hitting $1.13. The stock had a trading volume of 4,396,070 shares, compared to its average volume of 3,669,210. Solid Power has a 12-month low of $1.00 and a 12-month high of $2.70. The firm has a market cap of $203.84 million, a P/E ratio of -2.31 and a beta of 1.40. The company's fifty day simple moving average is $1.56 and its 200 day simple moving average is $1.36.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Solid Power

In related news, CTO Joshua Buettner-Garrett sold 187,500 shares of the firm's 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 transaction, the chief technology officer now owns 865,304 shares in the company, valued at approximately $1,808,485.36. This trade represents a 17.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 7.20% of the stock is owned by company 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.