Cibc World Markets Corp Makes New $27,000 Investment in Solid Power, Inc. (NASDAQ:SLDP)

Cibc World Markets Corp purchased a new stake in shares of Solid Power, Inc. (NASDAQ:SLDP) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 14,484 shares of the company’s stock, valued at approximately $27,000.

A number of other hedge funds also recently modified their holdings of the business. Barclays PLC boosted its holdings in Solid Power by 268.4% in the third quarter. Barclays PLC now owns 200,619 shares of the company’s stock valued at $271,000 after acquiring an additional 146,157 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Solid Power by 2.7% in the 3rd quarter. Geode Capital Management LLC now owns 3,407,015 shares of the company’s stock valued at $4,600,000 after purchasing an additional 88,754 shares during the last quarter. State Street Corp boosted its stake in shares of Solid Power by 0.7% in the 3rd quarter. State Street Corp now owns 2,962,235 shares of the company’s stock valued at $3,999,000 after purchasing an additional 19,209 shares during the last quarter. SG Americas Securities LLC increased its position in shares of Solid Power by 205.5% during the fourth quarter. SG Americas Securities LLC now owns 182,685 shares of the company’s stock worth $345,000 after buying an additional 122,888 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake 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 worth $1,559,000 after buying an additional 106,380 shares during the last quarter. Institutional investors and hedge funds own 33.66% of the company’s stock.

Analysts Set New Price Targets

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

Solid Power Stock Performance

Solid Power stock opened at $1.08 on Friday. The stock has a market capitalization of $196.55 million, a price-to-earnings ratio of -2.20 and a beta of 1.42. Solid Power, Inc. has a 52-week low of $1.00 and a 52-week high of $2.70. The stock’s 50 day moving average price is $1.28 and its two-hundred day moving average price is $1.32.

Solid Power (NASDAQ:SLDP) last issued its earnings results on Thursday, February 27th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.04). The company had revenue of $4.46 million for the quarter, compared to the consensus estimate of $3.85 million. Solid Power had a negative return on equity of 18.08% and a negative net margin of 471.22%.

Insider Transactions at Solid Power

In other news, CTO Joshua Buettner-Garrett sold 187,500 shares of the company’s stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $1.13, for a total transaction of $211,875.00. Following the transaction, the chief technology officer now directly owns 865,304 shares of the company’s stock, valued at $977,793.52. This represents a 17.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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.