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

Carlson Capital L.P. bought a new position in Solid Power, Inc. (NASDAQ:SLDP) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 99,900 shares of the company’s stock, valued at approximately $189,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Geode Capital Management LLC grew its position in Solid Power by 2.7% in the third quarter. Geode Capital Management LLC now owns 3,407,015 shares of the company’s stock worth $4,600,000 after acquiring an additional 88,754 shares in the last quarter. State Street Corp grew its position in Solid Power by 0.7% in the third quarter. State Street Corp now owns 2,962,235 shares of the company’s stock worth $3,999,000 after acquiring an additional 19,209 shares in the last quarter. Yaupon Capital Management LP grew its position in Solid Power by 27.5% in the third quarter. Yaupon Capital Management LP now owns 2,379,462 shares of the company’s stock worth $3,212,000 after acquiring an additional 513,689 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Solid Power by 10.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,154,464 shares of the company’s stock valued at $1,559,000 after buying an additional 106,380 shares during the period. Finally, Barclays PLC boosted its position in Solid Power by 268.4% during the third quarter. Barclays PLC now owns 200,619 shares of the company’s stock valued at $271,000 after buying an additional 146,157 shares during the period. 33.66% of the stock is currently owned by hedge funds and other institutional investors.

Solid Power Stock Up 0.8 %

NASDAQ SLDP opened at $1.21 on Thursday. The company has a 50-day simple moving average of $1.56 and a two-hundred day simple moving average of $1.36. Solid Power, Inc. has a 12-month low of $1.00 and a 12-month high of $2.70. The firm has a market cap of $218.27 million, a price-to-earnings ratio of -2.47 and a beta of 1.40.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Solid Power

In other news, CTO Joshua Buettner-Garrett sold 187,500 shares of the stock in a transaction dated 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. This represents a 17.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 7.20% of the company’s stock.

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.