Joshua Buettner-Garrett Sells 187,500 Shares of Solid Power, Inc. (NASDAQ:SLDP) Stock

Solid Power, Inc. (NASDAQ:SLDP) CTO Joshua Buettner-Garrett sold 187,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $1.07, for a total transaction of $200,625.00. Following the sale, the chief technology officer now owns 869,720 shares of the company’s stock, valued at $930,600.40. This represents a 17.74 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Joshua Buettner-Garrett also recently made the following trade(s):

• On Monday, October 7th, Joshua Buettner-Garrett sold 187,500 shares of Solid Power stock. The stock was sold at an average price of $1.26, for a total transaction of $236,250.00.
• On Tuesday, September 10th, Joshua Buettner-Garrett sold 187,500 shares of Solid Power stock. The shares were sold at an average price of $1.21, for a total transaction of $226,875.00.
• On Monday, August 19th, Joshua Buettner-Garrett sold 187,500 shares of Solid Power stock. The shares were sold at an average price of $1.42, for a total transaction of $266,250.00.

Solid Power Price Performance

Shares of SLDP opened at $1.06 on Friday. The company’s fifty day moving average is $1.26 and its two-hundred day moving average is $1.55. Solid Power, Inc. has a 1 year low of $1.06 and a 1 year high of $2.35.

Hedge Funds Weigh In On Solid Power

Several institutional investors have recently bought and sold shares of the company. Jacobs Levy Equity Management Inc. acquired a new position in shares of Solid Power during the 1st quarter worth $634,000. Vanguard Group Inc. grew its stake in shares of Solid Power by 14.9% during the 1st quarter. Vanguard Group Inc. now owns 7,298,206 shares of the company’s stock worth $14,815,000 after purchasing an additional 944,162 shares during the period. SG Americas Securities LLC acquired a new position in shares of Solid Power during the 1st quarter worth $31,000. Bank of New York Mellon Corp grew its stake in shares of Solid Power by 23.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 577,634 shares of the company’s stock worth $953,000 after purchasing an additional 108,847 shares during the period. Finally, Silver Lake Advisory LLC acquired a new position in shares of Solid Power during the 2nd quarter worth $69,000. 33.66% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SLDP has been the subject of several research reports. Wolfe Research initiated coverage on shares of Solid Power in a research report on Thursday, September 5th. They issued an “underperform” rating and a $1.00 price target for the company. Needham & Company LLC reduced their price target on shares of Solid Power from $3.00 to $2.00 and set a “buy” rating for the company in a research report on Monday.

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.