492,426 Shares in Solid Power, Inc. $SLDP Purchased by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL acquired a new stake in Solid Power, Inc. (NASDAQ:SLDP) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 492,426 shares of the company’s stock, valued at approximately $1,709,000. Tudor Investment Corp ET AL owned about 0.26% of Solid Power at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Solid Power by 15.7% in the third quarter. Vanguard Group Inc. now owns 9,440,931 shares of the company’s stock valued at $32,760,000 after purchasing an additional 1,278,324 shares in the last quarter. Bank of America Corp DE increased its stake in shares of Solid Power by 3,974.6% during the 3rd quarter. Bank of America Corp DE now owns 6,495,146 shares of the company’s stock worth $22,538,000 after purchasing an additional 6,335,739 shares in the last quarter. Riverstone Holdings LLC raised its position in shares of Solid Power by 3.7% during the 3rd quarter. Riverstone Holdings LLC now owns 4,714,816 shares of the company’s stock worth $16,360,000 after purchasing an additional 169,709 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Solid Power by 12.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 894,120 shares of the company’s stock valued at $939,000 after buying an additional 100,939 shares in the last quarter. Finally, Millennium Management LLC lifted its stake in Solid Power by 62.5% in the 3rd quarter. Millennium Management LLC now owns 420,170 shares of the company’s stock valued at $1,458,000 after buying an additional 161,634 shares in the last quarter. Institutional investors and hedge funds own 33.66% of the company’s stock.

Solid Power Stock Performance

SLDP stock opened at $2.92 on Friday. The company has a 50 day moving average price of $3.81 and a two-hundred day moving average price of $4.72. The stock has a market capitalization of $644.09 million, a P/E ratio of -5.84 and a beta of 1.92. Solid Power, Inc. has a one year low of $0.68 and a one year high of $8.86.

Solid Power (NASDAQ:SLDP) last issued its quarterly earnings results on Tuesday, February 24th. The company reported ($0.14) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.02. The company had revenue of ($0.20) million for the quarter, compared to analyst estimates of $2.50 million. Solid Power had a negative return on equity of 23.88% and a negative net margin of 429.54%.

Analysts Set New Price Targets

SLDP has been the subject of several recent research reports. Needham & Company LLC reissued a “buy” rating and set a $7.00 price target on shares of Solid Power in a research report on Wednesday, January 14th. Zacks Research upgraded Solid Power to a “hold” rating in a research report on Tuesday, March 17th. Wall Street Zen cut Solid Power from a “hold” rating to a “sell” rating in a research report on Saturday, December 20th. Weiss Ratings reissued a “sell (d-)” rating on shares of Solid Power in a research note on Thursday, January 22nd. Finally, HC Wainwright assumed coverage on shares of Solid Power in a report on Monday, March 16th. They issued a “buy” rating and a $7.00 target price on the stock. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $7.00.

Solid Power Company Profile

Solid Power, Inc (NASDAQ: SLDP) is a Colorado-based company specializing in the development and manufacturing of all-solid-state rechargeable battery cells for the electric vehicle (EV) and aerospace industries. Founded in 2012 as a spin-out from the University of Colorado Boulder, Solid Power has focused on advancing solid electrolytes and high-energy battery architectures to deliver improved safety, higher energy density and longer cycle life compared with traditional lithium-ion batteries.

The company’s core offerings include multilayer solid-state battery cells that utilize sulfide-based solid electrolytes and high-capacity cathode materials.