Solid Power Stock Today

SLDP Stock  USD 1.92  0.24  14.29%   

Performance

7 of 100

 
Low
 
High
OK

Odds Of Distress

Less than 17

 
100  
 
Zero
Low
Solid Power is selling at 1.92 as of the 28th of March 2024; that is 14.29 percent up since the beginning of the trading day. The stock's last reported lowest price was 1.68. Solid Power has less than a 17 % chance of experiencing some financial distress in the next two years of operation, but did not have a good performance during the last 90 trading days. Equity ratings for Solid Power are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 7th of June 2022 and ending today, the 28th of March 2024. Click here to learn more.
Business Domain
Capital Goods
IPO Date
18th of May 2021
Category
Industrials
Solid Power, Inc. focuses on the development and commercialization of all-solid-state battery cells and solid electrolyte materials for the battery-powered electric vehicle market in the United States. The company was founded in 2011 and is headquartered in Louisville, Colorado. The company has 181.09 M outstanding shares of which 14.3 M shares are at this time shorted by private and institutional investors with about 3.81 trading days to cover. More on Solid Power

Moving against Solid Stock

  0.6XNNHQ Xenonics HoldingsPairCorr
  0.5EVRC EvercelPairCorr

Solid Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Solid Power's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Solid Power or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
President CEOJohn Scoter
Business ConcentrationIndustrial Machinery & Supplies & Components, Electrical Equipment & Parts, Industrials, NASDAQ Composite, Industrials, Machinery, Electrical Equipment & Parts, Industrials (View all Sectors)
Average Analyst Recommendation
Analysts covering Solid Power report their recommendations after researching Solid Power's financial statements, talking to executives and customers, or listening in on Solid Power's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Solid Power. The Solid consensus assessment is calculated by taking the average forecast from all of the analysts covering Solid Power.
Financial Strength
Based on the analysis of Solid Power's profitability, liquidity, and operating efficiency, Solid Power may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. Financial strength of Solid Power is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.03070.0323
Notably Down
Slightly volatile
Total Current Liabilities10.7 M15.9 M
Way Down
Slightly volatile
Non Current Liabilities Total22.8 M20 M
Fairly Up
Slightly volatile
Total Assets393 M539.2 M
Way Down
Slightly volatile
Total Current Assets246.8 M183.1 M
Significantly Up
Slightly volatile
Solid Power's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Solid Power's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Solid Power's financial leverage. It provides some insight into what part of Solid Power's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Solid Power's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Solid Power deploys its capital and how much of that capital is borrowed.
Liquidity
Solid Power cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company currently holds 9.55 M in liabilities with Debt to Equity (D/E) ratio of 0.01, which may suggest the company is not taking enough advantage from borrowing. Solid Power has a current ratio of 35.34, suggesting that it is liquid enough and is able to pay its financial obligations when due. Debt can assist Solid Power until it has trouble settling it off, either with new capital or with free cash flow. So, Solid Power's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Solid Power sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Solid to invest in growth at high rates of return. When we think about Solid Power's use of debt, we should always consider it together with cash and equity.

Begin Period Cash Flow

47.62 Million
Solid Power (SLDP) is traded on NASDAQ Exchange in USA. It is located in 486 South Pierce Avenue, Louisville, CO, United States, 80027 and employs 270 people. Solid Power is listed under Industrial Machinery & Supplies & Components category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a current market capitalization of 304.23 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Solid Power's market, we take the total number of its shares issued and multiply it by Solid Power's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Solid Power conducts business under Machinery sector and is part of Industrials industry. The entity has 181.09 M outstanding shares of which 14.3 M shares are at this time shorted by private and institutional investors with about 3.81 trading days to cover. Solid Power currently holds about 484.3 M in cash with (58.26 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.78, which can makes it an attractive takeover target, given it will continue generating positive cash flow.
Check Solid Power Probability Of Bankruptcy
Ownership Allocation
Solid Power shows a total of 181.09 Million outstanding shares. Solid Power has significant amount of outstanding shares owned by insiders and institutional investors .Since such a large part of the company is not owned by regular investors, we recommend to check if there were significant buying or selling the Solid Power stock in recent months. Please note that no matter how many assets the company owns, if the real value of the company is less than the current market value, you may not be able to make money on it.
Check Solid Ownership Details

Solid Stock Price Odds Analysis

In regard to a normal probability distribution, the odds of Solid Power jumping above the current price in 90 days from now is near 1%. The Solid Power probability density function shows the probability of Solid Power stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 6.0797. This usually implies as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Solid Power will likely underperform. Additionally, solid Power has an alpha of 0.0222, implying that it can generate a 0.0222 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 1.92HorizonTargetOdds Above 1.92
99.20%90 days
 1.92 
0.79%
Based on a normal probability distribution, the odds of Solid Power to move above the current price in 90 days from now is near 1 (This Solid Power probability density function shows the probability of Solid Stock to fall within a particular range of prices over 90 days) .

Solid Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Solid Power that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Solid Power's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Solid Power's value.
InstituionRecorded OnShares
Morgan Stanley - Brokerage Accounts2023-12-31
621.5 K
Cva Family Office, Llc2023-12-31
562.4 K
Bank Of New York Mellon Corp2023-12-31
487.8 K
Fourworld Capital Management Llc2023-12-31
477.1 K
Nuveen Asset Management, Llc2023-12-31
472.5 K
Renaissance Technologies Corp2023-12-31
400.9 K
Taconic Capital Advisors L.p.2023-12-31
340.1 K
Two Sigma Investments Llc2023-12-31
331.3 K
Bank Of America Corp2023-12-31
306.7 K
Blackrock Inc2023-12-31
10.7 M
Vanguard Group Inc2023-12-31
6.4 M
View Solid Power Diagnostics

Solid Power Historical Income Statement

Solid Power Income Statement is one of the three primary financial statements used for reporting Solid's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Solid Power revenue and expense. Solid Power Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Solid Power's Reconciled Depreciation is relatively stable compared to the past year. As of 03/28/2024, Total Other Income Expense Net is likely to grow to about 25.6 M, while Selling And Marketing Expenses is likely to drop slightly above 2.7 M. View More Fundamentals

Solid Stock Against Markets

Picking the right benchmark for Solid Power stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Solid Power stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Solid Power is critical whether you are bullish or bearish towards Solid Power at a given time. Please also check how Solid Power's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Solid Power without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Crypto Correlations Now

   

Crypto Correlations

Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins
All  Next Launch Module

Solid Power Corporate Management

Elected by the shareholders, the Solid Power's board of directors comprises two types of representatives: Solid Power inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Solid. The board's role is to monitor Solid Power's management team and ensure that shareholders' interests are well served. Solid Power's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Solid Power's outside directors are responsible for providing unbiased perspectives on the board's policies.
David JansenPres ChairmanProfile
Berislav BlizanacExecutive TechnologiesProfile
Derek JohnsonChief OfficerProfile
James LiebscherChief SecretaryProfile
Will McKennaMarketing DirectorProfile
Jon JacobsChief OfficerProfile

How to buy Solid Stock?

Before investing in Solid Power, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Solid Power. To buy Solid Power stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Solid Power. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Solid Power stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Solid Power stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Solid Power stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Solid Power, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Solid Stock please use our How to Invest in Solid Power guide.

Already Invested in Solid Power?

The danger of trading Solid Power is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Solid Power is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Solid Power. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Solid Power is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Solid Power is a strong investment it is important to analyze Solid Power's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Solid Power's future performance. For an informed investment choice regarding Solid Stock, refer to the following important reports:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Solid Power. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment.
To learn how to invest in Solid Stock, please use our How to Invest in Solid Power guide.
Note that the Solid Power information on this page should be used as a complementary analysis to other Solid Power's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.

Complementary Tools for Solid Stock analysis

When running Solid Power's price analysis, check to measure Solid Power's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Solid Power is operating at the current time. Most of Solid Power's value examination focuses on studying past and present price action to predict the probability of Solid Power's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Solid Power's price. Additionally, you may evaluate how the addition of Solid Power to your portfolios can decrease your overall portfolio volatility.
Bond Analysis
Evaluate and analyze corporate bonds as a potential investment for your portfolios.
Competition Analyzer
Analyze and compare many basic indicators for a group of related or unrelated entities
ETF Categories
List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments
Portfolio Optimization
Compute new portfolio that will generate highest expected return given your specified tolerance for risk
Companies Directory
Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals
Portfolio Backtesting
Avoid under-diversification and over-optimization by backtesting your portfolios
Economic Indicators
Top statistical indicators that provide insights into how an economy is performing
Idea Analyzer
Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas
Commodity Directory
Find actively traded commodities issued by global exchanges
AI Investment Finder
Use AI to screen and filter profitable investment opportunities
Fundamental Analysis
View fundamental data based on most recent published financial statements
Stock Screener
Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook.
Is Solid Power's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Solid Power. If investors know Solid will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Solid Power listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(0.37)
Revenue Per Share
0.098
Quarterly Revenue Growth
(0.44)
Return On Assets
(0.10)
Return On Equity
(0.12)
The market value of Solid Power is measured differently than its book value, which is the value of Solid that is recorded on the company's balance sheet. Investors also form their own opinion of Solid Power's value that differs from its market value or its book value, called intrinsic value, which is Solid Power's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Solid Power's market value can be influenced by many factors that don't directly affect Solid Power's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Solid Power's value and its price as these two are different measures arrived at by different means. Investors typically determine if Solid Power is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Solid Power's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.