Solid Power, Inc. (NASDAQ:SLDP) CTO Sells $200,625.00 in Stock

Solid Power, Inc. (NASDAQ:SLDP) CTO Joshua Buettner-Garrett sold 187,500 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $1.07, for a total value of $200,625.00. Following the transaction, the chief technology officer now owns 869,720 shares of the company’s stock, valued at $930,600.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Monday, October 7th, Joshua Buettner-Garrett sold 187,500 shares of Solid Power stock. The shares were sold at an average price of $1.26, for a total value of $236,250.00.
• On Tuesday, September 10th, Joshua Buettner-Garrett sold 187,500 shares of Solid Power stock. The stock was sold at an average price of $1.21, for a total transaction of $226,875.00.
• On Monday, August 19th, Joshua Buettner-Garrett sold 187,500 shares of Solid Power stock. The stock was sold at an average price of $1.42, for a total transaction of $266,250.00.

Solid Power Trading Up 6.6 %

Shares of SLDP traded up $0.07 during mid-day trading on Wednesday, reaching $1.13. 3,296,365 shares of the company’s stock traded hands, compared to its average volume of 2,374,431. The stock’s 50-day moving average is $1.26 and its two-hundred day moving average is $1.55. Solid Power, Inc. has a 12 month low of $1.06 and a 12 month high of $2.35.

Hedge Funds Weigh In On Solid Power

Hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in shares of Solid Power by 14.9% during the first quarter. Vanguard Group Inc. now owns 7,298,206 shares of the company’s stock valued at $14,815,000 after purchasing an additional 944,162 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Solid Power by 10.1% in 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 buying an additional 106,380 shares during the period. Bank of New York Mellon Corp grew its stake in Solid Power by 23.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 577,634 shares of the company’s stock worth $953,000 after acquiring an additional 108,847 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in shares of Solid Power during the first quarter valued at approximately $634,000. Finally, Aristides Capital LLC purchased a new stake in shares of Solid Power in the second quarter valued at approximately $160,000. Institutional investors own 33.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on SLDP. Needham & Company LLC lowered their price target on shares of Solid Power from $3.00 to $2.00 and set a “buy” rating for the company in a report on Monday. Wolfe Research initiated coverage on Solid Power in a research note on Thursday, September 5th. They issued an “underperform” rating and a $1.00 price objective for the company.

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.