99,900 Shares in Solid Power, Inc. (NASDAQ:SLDP) Acquired by Carlson Capital L.P.

Carlson Capital L.P. purchased a new position in Solid Power, Inc. (NASDAQ:SLDP) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 99,900 shares of the company’s stock, valued at approximately $189,000. Carlson Capital L.P. owned 0.06% of Solid Power at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Barclays PLC raised its holdings in Solid Power by 268.4% during the 3rd quarter. Barclays PLC now owns 200,619 shares of the company’s stock valued at $271,000 after acquiring an additional 146,157 shares during the period. Geode Capital Management LLC raised its holdings in Solid Power by 2.7% during the 3rd quarter. Geode Capital Management LLC now owns 3,407,015 shares of the company’s stock valued at $4,600,000 after acquiring an additional 88,754 shares during the period. State Street Corp raised its holdings in Solid Power by 0.7% during the 3rd quarter. State Street Corp now owns 2,962,235 shares of the company’s stock valued at $3,999,000 after acquiring an additional 19,209 shares during the period. SG Americas Securities LLC raised its holdings in Solid Power by 205.5% during the 4th quarter. SG Americas Securities LLC now owns 182,685 shares of the company’s stock valued at $345,000 after acquiring an additional 122,888 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in Solid Power by 10.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,154,464 shares of the company’s stock valued at $1,559,000 after acquiring an additional 106,380 shares during the period. Institutional investors own 33.66% of the company’s stock.

Insider Transactions at Solid Power

In other news, CTO Joshua Buettner-Garrett sold 187,500 shares of the company’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $2.09, for a total value of $391,875.00. Following the transaction, the chief technology officer now owns 865,304 shares of the company’s stock, 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 document filed with the SEC, which can be accessed through the SEC website. Insiders own 7.20% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Solid Power Stock Performance

Solid Power stock opened at $1.21 on Thursday. The stock has a market cap of $218.27 million, a P/E ratio of -2.47 and a beta of 1.40. Solid Power, Inc. has a fifty-two week low of $1.00 and a fifty-two week high of $2.70. The firm’s fifty day moving average price is $1.56 and its 200-day moving average price is $1.36.

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.