Holdings of Solid Power Inc. (SLDP) are aligned with the stars

Solid Power Inc. (NASDAQ: SLDP) stock fell -4.10% on Tuesday to $3.04 against a previous-day closing price of $3.17. With 2.12 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.31 million shares. During the session, the Electrical Equipment & Parts company that operates in wider Industrials sector, reached to the highest price of $3.1950 whereas the lowest price it dropped to was $3.0200. The 52-week range on SLDP shows that it touched its highest point at $9.99 and its lowest point at $1.95 during that stretch. It currently has a 1-year price target of $6.80.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SLDP was up-trending over the past week, with a rise of 11.36%, but this was up by 25.62% over a month. Three-month performance dropped to -40.51% while six-month performance fell -48.91%. The stock lost -60.10% in the past year, while it has gained 19.69% so far this year. A look at the trailing 12-month EPS for SLDP yields 1.71 with Next year EPS estimates of -0.40. For the next quarter, that number is -0.10. This implies an EPS growth rate of 113.00% for this year and -166.70% for next year.

Float and Shares Shorts:

At present, 175.03 million SLDP shares are outstanding with a float of 124.91 million shares on hand for trading. On Dec 29, 2022, short shares totaled 8.15 million, which was 4.63% higher than short shares on Nov 29, 2022. In addition to Mr. David B. Jansen as the firm’s Interim CEO, Pres & Chairman, Mr. Jon Jacobs serves as its Chief Marketing Officer.

Institutional Ownership:

Through their ownership of 29.93% of SLDP’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 25.05% of SLDP, in contrast to 12.78% held by mutual funds. Shares owned by individuals account for 12.08%. As the largest shareholder in SLDP with 4.04% of the stake, BlackRock Fund Advisors holds 7,105,601 shares worth 7,105,601. A second-largest stockholder of SLDP, The Vanguard Group, Inc., holds 5,355,509 shares, controlling over 3.05% of the firm’s shares. Koch Industries, Inc. is the third largest shareholder in SLDP, holding 5,000,000 shares or 2.84% stake. With a 2.45% stake in SLDP, the Invesco WilderHill Clean Energy E is the largest stakeholder. A total of 4,313,725 shares are owned by the mutual fund manager. The Vanguard Total Stock Market Index, which owns about 1.78% of SLDP stock, is the second-largest Mutual Fund holder. It holds 3,120,617 shares valued at 7.93 million. iShares Russell 2000 ETF holds 1.68% of the stake in SLDP, owning 2,959,814 shares worth 7.52 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Sep 29, 2022, SLDP reported revenue of $2.58M and operating income of -$14.70M. The EBITDA in the recently reported quarter was -$12.73M and diluted EPS was $0.08.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SLDP since 6 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 4 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With SLDP analysts setting a high price target of $13.00 and a low target of $3.00, the average target price over the next 12 months is $6.80. Based on these targets, SLDP could surge 327.63% to reach the target high and fall by -1.32% to reach the target low. Reaching the average price target will result in a growth of 123.68% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. SLDP will report FY 2022 earnings on 03/19/2024. Analysts have provided yearly estimates in a range of -$0.14 being high and -$0.29 being low. For SLDP, this leads to a yearly average estimate of -$0.17. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Solid Power Inc. surprised analysts by $0.04 when it reported -$0.07 EPS against a consensus estimate of -$0.11. The surprise factor in the prior quarter was $0.17. Based on analyst estimates, the high estimate for the next quarter is -$0.09 and the low estimate is -$0.12. The average estimate for the next quarter is thus -$0.10.

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