Yaupon Capital Management LP Grows Stake in Solid Power, Inc. (NASDAQ:SLDP)

Yaupon Capital Management LP boosted its holdings in Solid Power, Inc. (NASDAQ:SLDP) by 27.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,379,462 shares of the company’s stock after purchasing an additional 513,689 shares during the quarter. Yaupon Capital Management LP’s holdings in Solid Power were worth $3,212,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in shares of Solid Power by 14.9% during the first quarter. Vanguard Group Inc. now owns 7,298,206 shares of the company’s stock worth $14,815,000 after acquiring an additional 944,162 shares during the last quarter. SG Americas Securities LLC lifted its stake in Solid Power by 79.6% in the 2nd quarter. SG Americas Securities LLC now owns 27,819 shares of the company’s stock worth $46,000 after purchasing an additional 12,328 shares in the last quarter. Silver Lake Advisory LLC bought a new position in shares of Solid Power during the 2nd quarter valued at about $69,000. Bank of New York Mellon Corp grew its position in shares of Solid Power by 23.2% during the second quarter. Bank of New York Mellon Corp now owns 577,634 shares of the company’s stock valued at $953,000 after purchasing an additional 108,847 shares in the last quarter. Finally, American Century Companies Inc. bought a new stake in shares of Solid Power in the second quarter worth about $60,000. 33.66% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Erik J. Anderson sold 506,283 shares of Solid Power stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $1.27, for a total transaction of $642,979.41. Following the completion of the transaction, the director now directly owns 187,617 shares of the company’s stock, valued at approximately $238,273.59. The trade was a 72.96 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Joshua Buettner-Garrett sold 187,500 shares of the stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $1.26, for a total transaction of $236,250.00. Following the completion of the sale, the chief technology officer now directly owns 869,720 shares in the company, valued at $1,095,847.20. This trade represents a 17.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,068,783 shares of company stock valued at $1,306,729. 7.20% of the stock is currently owned by insiders.

Solid Power Stock Performance

Shares of SLDP stock opened at $1.10 on Friday. Solid Power, Inc. has a 1 year low of $1.00 and a 1 year high of $2.35. The stock’s 50 day simple moving average is $1.19 and its two-hundred day simple moving average is $1.47.

Analyst Ratings Changes

Several equities analysts have weighed in on SLDP shares. Wolfe Research assumed coverage on Solid Power in a report on Thursday, September 5th. They set an “underperform” rating and a $1.00 price target for the company. Needham & Company LLC cut their target price on shares of Solid Power from $3.00 to $2.00 and set a “buy” rating for the company in a report on Monday, November 11th.

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.