Daymark Wealth Partners LLC Takes $130,000 Position in Solid Power, Inc. $SLDP

Daymark Wealth Partners LLC purchased a new stake in shares of Solid Power, Inc. (NASDAQ:SLDP) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 59,250 shares of the company’s stock, valued at approximately $130,000.

Other large investors have also recently modified their holdings of the company. MBL Wealth LLC bought a new position in Solid Power during the second quarter worth $591,000. Virtu Financial LLC bought a new position in Solid Power during the first quarter worth $96,000. Pure Financial Advisors LLC bought a new position in Solid Power during the second quarter worth $4,668,000. Goldman Sachs Group Inc. raised its stake in Solid Power by 12.7% during the first quarter. Goldman Sachs Group Inc. now owns 894,120 shares of the company’s stock worth $939,000 after buying an additional 100,939 shares during the last quarter. Finally, Nuveen LLC bought a new position in Solid Power during the first quarter worth $590,000. Institutional investors own 33.66% of the company’s stock.

Solid Power Trading Up 17.8%

NASDAQ:SLDP opened at $6.28 on Friday. The stock has a market capitalization of $1.14 billion, a price-to-earnings ratio of -12.08 and a beta of 1.77. The firm has a fifty day simple moving average of $4.85 and a two-hundred day simple moving average of $3.21. Solid Power, Inc. has a 12 month low of $0.68 and a 12 month high of $8.05.

Solid Power (NASDAQ:SLDP) last posted its quarterly earnings results on Wednesday, August 6th. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.02). The company had revenue of $6.49 million during the quarter, compared to analyst estimates of $5.00 million. Solid Power had a negative return on equity of 23.13% and a negative net margin of 412.62%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on SLDP shares. Needham & Company LLC lifted their target price on shares of Solid Power from $2.00 to $4.00 and gave the stock a “buy” rating in a research note on Thursday, August 7th. Weiss Ratings reissued a “sell (d-)” rating on shares of Solid Power in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $4.00.

Solid Power 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.