Atria Wealth Solutions Inc. purchased a new position in Solid Power, Inc. (NASDAQ:SLDP – Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 10,282 shares of the company’s stock, valued at approximately $31,000.
Several other large investors also recently added to or reduced their stakes in SLDP. Raymond James & Associates raised its stake in shares of Solid Power by 37.2% in the first quarter. Raymond James & Associates now owns 23,702 shares of the company’s stock valued at $205,000 after acquiring an additional 6,430 shares during the period. Bank of New York Mellon Corp bought a new stake in Solid Power in the first quarter worth about $429,000. Citigroup Inc. purchased a new position in shares of Solid Power during the first quarter valued at approximately $198,000. BlackRock Inc. bought a new position in shares of Solid Power during the first quarter valued at approximately $13,242,000. Finally, U.S. Capital Wealth Advisors LLC purchased a new stake in shares of Solid Power in the first quarter worth approximately $108,000. 25.62% of the stock is owned by institutional investors.
Solid Power Stock Performance
NASDAQ:SLDP opened at $2.05 on Wednesday. The firm has a 50-day simple moving average of $2.39 and a 200-day simple moving average of $2.44. Solid Power, Inc. has a one year low of $1.83 and a one year high of $6.21. The firm has a market cap of $365.70 million, a P/E ratio of -8.20 and a beta of 1.71.
Analyst Upgrades and Downgrades
Several brokerages have commented on SLDP. Needham & Company LLC reaffirmed a “buy” rating and issued a $4.00 price objective on shares of Solid Power in a research report on Wednesday, August 9th. Chardan Capital reiterated a “buy” rating and set a $5.00 price objective on shares of Solid Power in a report on Thursday, August 10th. Finally, Wolfe Research downgraded shares of Solid Power from a “peer perform” rating to an “underperform” rating and set a $2.00 target price on the stock. in a research note on Thursday, June 8th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $3.75.
View Our Latest Analysis on SLDP
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 sell its sulfide-based solid electrolyte and to license its solid-state cell designs and manufacturing processes. It also produces and sells 0.2, 2, 20 ampere-hour (Ah), and EV cells.
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