Solid Power (NASDAQ:SLDP) Releases Earnings Results, Misses Estimates By $0.04 EPS

Posted by Stephan Jacobs on Feb 28th, 2025

Solid Power (NASDAQ:SLDP – Get Free Report) issued its quarterly earnings data on Thursday. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.04), Zacks reports. The company had revenue of $4.46 million for the quarter, compared to analyst estimates of $3.85 million. Solid Power had a negative return on equity of 18.08% and a negative net margin of 471.22%.

Solid Power Stock Up 2.0 %

Shares of SLDP traded up $0.03 on Friday, hitting $1.25. 1,291,371 shares of the stock traded hands, compared to its average volume of 3,606,191. Solid Power has a 1 year low of $1.00 and a 1 year high of $2.70. The stock’s 50 day moving average is $1.56 and its two-hundred day moving average is $1.36. The firm has a market capitalization of $224.58 million, a P/E ratio of -2.54 and a beta of 1.40.

Analyst Ratings Changes

Separately, Needham & Company LLC reissued a “buy” rating and issued a $2.00 price target on shares of Solid Power in a report on Wednesday, January 15th.

Check Out Our Latest Stock Report on SLDP

Insiders Place Their Bets

In related news, CTO Joshua Buettner-Garrett sold 187,500 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $2.09, for a total transaction of $391,875.00. Following the transaction, the chief technology officer now directly owns 865,304 shares in the company, valued at approximately $1,808,485.36. This represents a 17.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 7.20% of the stock is owned by corporate insiders.

About Solid Power

(Get Free Report)

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.