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 Solid Power stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $1.07, for a total value of $200,625.00. Following the completion of the transaction, the chief technology officer now owns 869,720 shares in the company, valued at $930,600.40. The trade was a 17.74 % 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.

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

• On Tuesday, November 12th, Joshua Buettner-Garrett sold 187,500 shares of Solid Power stock. The shares were sold at an average price of $1.07, for a total value of $200,625.00.
• 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 value of $236,250.00.

Solid Power Trading Up 8.3 %

Shares of SLDP stock opened at $1.18 on Thursday. Solid Power, Inc. has a 12 month low of $1.00 and a 12 month high of $2.35. The company has a market capitalization of $212.86 million, a P/E ratio of -2.41 and a beta of 1.70. The stock has a 50 day moving average of $1.16 and a two-hundred day moving average of $1.43.

Institutional Investors Weigh In On Solid Power

Institutional investors have recently bought and sold shares of the business. Virtu Financial LLC acquired a new position in shares of Solid Power in the 3rd quarter valued at $195,000. Barclays PLC raised its position in Solid Power by 268.4% in the third quarter. Barclays PLC now owns 200,619 shares of the company’s stock worth $271,000 after purchasing an additional 146,157 shares in the last quarter. Geode Capital Management LLC lifted its stake in Solid Power by 2.7% during the third quarter. Geode Capital Management LLC now owns 3,407,015 shares of the company’s stock worth $4,600,000 after purchasing an additional 88,754 shares during the period. Yaupon Capital Management LP boosted its holdings in Solid Power by 27.5% during the third quarter. Yaupon Capital Management LP now owns 2,379,462 shares of the company’s stock valued at $3,212,000 after purchasing an additional 513,689 shares in the last quarter. Finally, State Street Corp boosted its holdings in Solid Power by 0.7% during the third quarter. State Street Corp now owns 2,962,235 shares of the company’s stock valued at $3,999,000 after purchasing an additional 19,209 shares in the last quarter. Institutional investors and hedge funds own 33.66% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on SLDP shares. Wolfe Research began coverage on Solid Power in a research report on Thursday, September 5th. They issued an “underperform” rating and a $1.00 price objective 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 research note 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.