Solid Power (NASDAQ:SLDP) Posts Earnings Results, Beats Expectations By $0.01 EPS

Solid Power (NASDAQ:SLDP) released its earnings results on Tuesday. The company reported ($0.11) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.01, FiscalAI reports. Solid Power had a negative return on equity of 20.37% and a negative net margin of 485.47%.The firm had revenue of ($0.27) million for the quarter, compared to the consensus estimate of $1.55 million.

Here are the key takeaways from Solid Power’s conference call:

• Manufacturing pilot line remains on schedule: Solid Power said its continuous electrolyte production line has all major equipment installed, with commissioning planned for the fourth quarter and initial output expected in the first quarter of 2027 at a fully commissioned capacity of 45 metric tons.
• The company reported progress with Samsung SDI and BMW, including improved electrolyte performance and quality, and expects collaboration with both companies to continue after the current phase-one agreements expire in September.
• Solid Power remains confident it will announce a South Korean electrolyte-production joint venture by year-end, citing three active discussions and one prospective partner with a draft term sheet under review. It also completed a line-installation agreement milestone with SK On and is negotiating a new collaboration.
• Second-quarter revenue was negative $300,000 after a noncash $1.2 million reversal tied to changed assumptions for SK On milestone payments; operating expenses were $30 million, producing a $23.8 million net loss, or $0.11 per share.
• The company ended the quarter with $419.3 million in liquidity, no debt, and $3.2 million in contract assets and receivables, providing substantial funding to pursue commercialization, customer programs, and manufacturing scale-up.

Solid Power Stock Performance

Solid Power stock traded up $0.04 during midday trading on Thursday, hitting $2.19. 3,011,318 shares of the company were exchanged, compared to its average volume of 5,621,073. The firm has a market capitalization of $491.58 million, a PE ratio of -4.86 and a beta of 1.92. Solid Power has a fifty-two week low of $1.98 and a fifty-two week high of $8.86. The business has a fifty day simple moving average of $2.59 and a two-hundred day simple moving average of $3.20.

Insider Transactions at Solid Power

In related news, Director Lesa B. Roe sold 39,207 shares of the stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $2.66, for a total transaction of $104,290.62. Following the sale, the director directly owned 243,975 shares of the company’s stock, valued at approximately $648,973.50. This represents a 13.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 5.70% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in Solid Power by 15.7% in the 3rd quarter. Vanguard Group Inc. now owns 9,440,931 shares of the company’s stock worth $32,760,000 after purchasing an additional 1,278,324 shares during the period. Bank of America Corp DE raised 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 buying an additional 6,335,739 shares during the period. Geode Capital Management LLC raised its stake in shares of Solid Power by 7.0% during the 4th quarter. Geode Capital Management LLC now owns 4,111,916 shares of the company’s stock worth $17,479,000 after buying an additional 268,539 shares during the period. State Street Corp lifted its position in shares of Solid Power by 25.9% during the 4th quarter. State Street Corp now owns 4,077,239 shares of the company’s stock valued at $17,328,000 after buying an additional 839,471 shares in the last quarter. Finally, Invesco Ltd. lifted its position in shares of Solid Power by 30.2% during the 4th quarter. Invesco Ltd. now owns 2,796,362 shares of the company’s stock valued at $11,885,000 after buying an additional 648,095 shares in the last quarter. Institutional investors and hedge funds own 33.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on SLDP shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Solid Power in a report on Friday, July 17th. Needham & Company LLC reiterated a “buy” rating and issued a $7.00 price target on shares of Solid Power in a report on Wednesday, May 6th. Finally, Alliance Global Partners started coverage on shares of Solid Power in a research note on Wednesday, June 10th. They set a “buy” rating and a $6.75 price objective for the company. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Solid Power has an average rating of “Hold” and a consensus price target of $6.92.

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.