State Street Corp grew its holdings in Solid Power, Inc. (NASDAQ:SLDP – Free Report) by 0.7% during the third quarter, HoldingsChannel.com reports. The fund owned 2,962,235 shares of the company’s stock after purchasing an additional 19,209 shares during the quarter. State Street Corp’s holdings in Solid Power were worth $3,999,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Charles Schwab Investment Management Inc. raised its position in shares of 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 purchasing an additional 106,380 shares in the last quarter. Intech Investment Management LLC bought a new stake in Solid Power in the third quarter valued at about $62,000. SG Americas Securities LLC boosted 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 period. Aristides Capital LLC bought a new position in shares of Solid Power in the 2nd quarter worth about $160,000. Finally, Silver Lake Advisory LLC acquired a new position in shares of Solid Power in the 2nd quarter valued at about $69,000. 33.66% of the stock is currently owned by hedge funds and other institutional investors.
Insider Transactions at Solid Power
In related news, CTO Joshua Buettner-Garrett sold 187,500 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $1.07, for a total transaction of $200,625.00. Following the transaction, the chief technology officer now owns 869,720 shares of the company’s stock, valued at approximately $930,600.40. The trade was a 17.74 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders sold 562,500 shares of company stock valued at $637,500 in the last three months. Corporate insiders own 7.20% of the company’s stock.
Wall Street Analysts Forecast Growth
Read Our Latest Research Report on SLDP
Solid Power Price Performance
NASDAQ SLDP opened at $2.14 on Tuesday. Solid Power, Inc. has a 12 month low of $1.00 and a 12 month high of $2.70. The company has a market capitalization of $386.03 million, a P/E ratio of -4.37 and a beta of 1.70. The company’s 50 day simple moving average is $1.20 and its 200 day simple moving average is $1.42.
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.
Further Reading
- Five stocks we like better than Solid Power
- 10 Best Airline Stocks to Buy
- 3 Must-Hold Stocks with Double-Digit Upside for 2025
- Where Do I Find 52-Week Highs and Lows?
- Micron: Why Now Is the Time to Be Brave
- What Are Earnings Reports?
- 3 Stocks That Wall Street Insiders Can’t Stop Buying
Want to see what other hedge funds are holding SLDP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Solid Power, Inc. (NASDAQ:SLDP – Free Report).
Receive News & Ratings for Solid Power Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Solid Power and related companies with MarketBeat.com's FREE daily email newsletter.