Gainplan LLC Takes $46,000 Position in Solid Power, Inc. $SLDP

Gainplan LLC bought a new stake in Solid Power, Inc. (NASDAQ:SLDP) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 21,164 shares of the company’s stock, valued at approximately $46,000.

Other institutional investors also recently modified their holdings of the company. SBI Securities Co. Ltd. boosted its position in shares of Solid Power by 318.2% in the first quarter. SBI Securities Co. Ltd. now owns 44,392 shares of the company’s stock valued at $47,000 after acquiring an additional 33,776 shares during the period. MetLife Investment Management LLC boosted its position in shares of Solid Power by 22.1% in the first quarter. MetLife Investment Management LLC now owns 73,184 shares of the company’s stock valued at $77,000 after acquiring an additional 13,258 shares during the period. Virtu Financial LLC bought a new stake in shares of Solid Power in the first quarter valued at about $96,000. Bank of New York Mellon Corp boosted its position in shares of Solid Power by 4.6% in the first quarter. Bank of New York Mellon Corp now owns 395,414 shares of the company’s stock valued at $415,000 after acquiring an additional 17,225 shares during the period. Finally, Bank of America Corp DE lifted its position in Solid Power by 14.8% during the fourth quarter. Bank of America Corp DE now owns 241,764 shares of the company’s stock worth $457,000 after purchasing an additional 31,203 shares during the period. Institutional investors own 33.66% of the company’s stock.

Solid Power Stock Up 9.2%

SLDP opened at $6.30 on Wednesday. The stock has a market capitalization of $1.14 billion, a price-to-earnings ratio of -12.12 and a beta of 1.77. Solid Power, Inc. has a twelve month low of $0.68 and a twelve month high of $6.44. The company has a 50-day simple moving average of $4.13 and a 200 day simple moving average of $2.59.

Solid Power (NASDAQ:SLDP) last issued its earnings results on Wednesday, August 6th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.02). The business had revenue of $6.49 million for the quarter, compared to analyst estimates of $5.00 million. Solid Power had a negative return on equity of 23.13% and a negative net margin of 412.62%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on SLDP shares. Needham & Company LLC upped their price objective on shares of Solid Power from $2.00 to $4.00 and gave the stock a “buy” rating in a research report on Thursday, August 7th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Solid Power in a research report on Saturday, September 27th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, Solid Power currently has an average rating of “Hold” and a consensus target price of $4.00.

Solid Power 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.