Solid Power (SLDP) Set to Announce Earnings on Tuesday

Solid Power (NASDAQ:SLDP) will be announcing its earnings results after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of ($0.11) per share for the quarter. Solid Power has set its FY 2024 guidance at EPS.Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Solid Power (NASDAQ:SLDP) last posted its quarterly earnings results on Tuesday, February 27th. The company reported ($0.11) EPS for the quarter, hitting the consensus estimate of ($0.11). Solid Power had a negative return on equity of 12.55% and a negative net margin of 376.47%. The business had revenue of $2.35 million for the quarter, compared to analyst estimates of $4.14 million. On average, analysts expect Solid Power to post $0 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Solid Power Trading Down 1.8 %

NASDAQ SLDP traded down $0.03 on Tuesday, hitting $1.65. 579,242 shares of the stock were exchanged, compared to its average volume of 3,363,669. Solid Power has a fifty-two week low of $1.10 and a fifty-two week high of $3.20. The company has a 50-day moving average price of $1.65 and a 200-day moving average price of $1.52.

Insider Buying and Selling at Solid Power

In related news, CTO Joshua Buettner-Garrett sold 187,500 shares of the company’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $1.36, for a total value of $255,000.00. Following the sale, the chief technology officer now owns 336,539 shares of the company’s stock, valued at $457,693.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders sold a total of 562,500 shares of company stock valued at $900,000 in the last ninety days. Company insiders own 7.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on SLDP. Chardan Capital restated a “buy” rating and set a $5.00 target price on shares of Solid Power in a research report on Wednesday, February 28th. DA Davidson reiterated a “neutral” rating and issued a $3.00 price target on shares of Solid Power in a research note on Tuesday, March 5th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $3.00 target price on shares of Solid Power in a research note on Wednesday, February 28th.

Solid Power Company 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.