Belvedere Trading LLC Acquires New Holdings in Solid Power, Inc. (NASDAQ:SLDP)

Belvedere Trading LLC bought a new position in Solid Power, Inc. (NASDAQ:SLDP) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 17,462 shares of the company’s stock, valued at approximately $33,000.

Several other hedge funds have also modified their holdings of SLDP. Intech Investment Management LLC bought a new position in shares of Solid Power during the 3rd quarter worth approximately $62,000. SG Americas Securities LLC grew its holdings in Solid Power by 115.0% in the third quarter. SG Americas Securities LLC now owns 59,797 shares of the company’s stock worth $81,000 after purchasing an additional 31,978 shares during the last quarter. Virtu Financial LLC purchased a new position in Solid Power in the third quarter worth $195,000. Barclays PLC increased its position in shares of Solid Power by 268.4% during 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. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of 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 purchasing an additional 106,380 shares during the last quarter. 33.66% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Insider Activity at Solid Power

In other Solid Power news, CTO Joshua Buettner-Garrett sold 187,500 shares of Solid Power stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $2.09, for a total transaction of $391,875.00. Following the completion of the sale, the chief technology officer now directly owns 865,304 shares in the company, valued at approximately $1,808,485.36. The trade was a 17.81 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 7.20% of the stock is owned by insiders.

Solid Power Trading Up 6.5 %

Shares of Solid Power stock opened at $1.48 on Wednesday. The firm’s 50 day simple moving average is $1.54 and its two-hundred day simple moving average is $1.36. The firm has a market capitalization of $266.98 million, a price-to-earnings ratio of -3.02 and a beta of 1.40. Solid Power, Inc. has a 12-month low of $1.00 and a 12-month high of $2.70.

About Solid Power

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.