Solid Power, Inc. (NASDAQ:SLDP) CTO Joshua Buettner-Garrett Sells 187,500 Shares of Stock

Solid Power, Inc. (NASDAQ:SLDP) CTO Joshua Buettner-Garrett sold 187,500 shares of the company’s stock in a transaction 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 sale, the chief technology officer now directly owns 869,720 shares of the company’s stock, valued at approximately $930,600.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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 stock was sold at an average price of $1.26, for a total transaction of $236,250.00.
• On Tuesday, September 10th, Joshua Buettner-Garrett sold 187,500 shares of Solid Power stock. The shares were 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 stock opened at $1.13 on Thursday. Solid Power, Inc. has a 1 year low of $1.06 and a 1 year high of $2.35. The firm has a market capitalization of $202.22 million, a P/E ratio of -2.31 and a beta of 1.74. The firm’s fifty day moving average price is $1.26 and its two-hundred day moving average price is $1.55.

Wall Street Analysts Forecast Growth

SLDP has been the subject of a number of recent research reports. Wolfe Research started coverage on Solid Power in a research note on Thursday, September 5th. They issued an “underperform” rating and a $1.00 target price for the company. Needham & Company LLC reduced their price target on shares of Solid Power from $3.00 to $2.00 and set a “buy” rating on the stock in a research report on Monday.

Hedge Funds Weigh In On Solid Power

Several large investors have recently modified their holdings of SLDP. Jacobs Levy Equity Management Inc. acquired a new position in Solid Power in the 1st quarter valued at $634,000. Vanguard Group Inc. raised its position in shares of Solid Power by 14.9% in the 1st quarter. Vanguard Group Inc. now owns 7,298,206 shares of the company’s stock valued at $14,815,000 after buying an additional 944,162 shares in the last quarter. SG Americas Securities LLC bought a new position in Solid Power in the first quarter valued at about $31,000. Bank of New York Mellon Corp increased its position in Solid Power by 23.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 577,634 shares of the company’s stock worth $953,000 after purchasing an additional 108,847 shares in the last quarter. Finally, Silver Lake Advisory LLC acquired a new stake in shares of Solid Power during the 2nd quarter valued at $69,000. 33.66% of the stock is owned by institutional investors.

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.