#6 - Solid Power (NASDAQ:SLDP)
The alternative to lithium-ion batteries is solid-state batteries. To date, there is no solid-state battery that is available, but the total addressable market is estimated to be around $220 billion. And Solid Power (NASDAQ:SLDP) is one of several companies trying to change that. A solid-state battery is expected to go longer on a single charge and charge faster than lithium-ion batteries.
But, despite having some prototypes available for customers such as Ford and BMW, Solid Power is not expected to have batteries commercially available until 2025.
But that means that now is the time to invest in companies that are in the solid-state battery race. For example, SLDP stock is trading well below its SPAC IPO price.
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.
Read More - Current Price
- $1.13
- Consensus Rating
- Hold
- Ratings Breakdown
- 2 Buy Ratings, 1 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $2.75 (144.4% Upside)
