Solid Power: A Long And Winding Road For Investors (Rating Downgrade) [Seeking Alpha]
Solid Power, Inc. - Class A (SLDP)
Company Research
Source: Seeking Alpha
Summary Solid Power's stock has underperformed since my last 'Buy' update, lagging the S&P 500 by 26.52%. I believe it is a tough stock to hold for investors looking to maximize IRR. Revenue guidance for FY24 has been downgraded due to execution hiccups in electrolyte production and solid-state battery design efforts. Electrolyte trials are expected to continue for the balance of FY24. And automotive qualification progress is also occurring at a much more glacial pace than what I'd expected. The stock trades at a 29% discount to balance sheet liquidity, but the lack of a sustainable business model, ongoing FCF burn and buybacks pose risks to investors. Technically, SLDP stock seems poised for continued underperformance vs. the S&P 500. Lightguard/iStock via Getty Images Performance Assessment In my initiating coverage of Solid Power ( NASDAQ: SLDP ), I had rated the stock a 'Buy' as I thought it was a promising play on a nascent growth industry. This has not gone well
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SLDP
News
- Solid Power, Inc. (NASDAQ: SLDP) had its price target lowered by analysts at Needham & Company LLC from $3.00 to $2.00. They now have a "buy" rating on the stock.MarketBeat
- Analysts Have Been Trimming Their Solid Power, Inc. (NASDAQ:SLDP) Price Target After Its Latest Report [Yahoo! Finance]Yahoo! Finance
- Solid Power Inc (SLDP) Q3 2024 Earnings Call Highlights: Navigating Losses with Strategic ... [Yahoo! Finance]Yahoo! Finance
- Solid State Battery Market to Grow by USD 554.8 Million from 2024-2028, as Demand for Long-Range EVs with AI Impact on Trends - Technavio [Yahoo! Finance]Yahoo! Finance
- Solid Power Reports Third Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
SLDP
Earnings
- 5/7/24 - Miss
SLDP
Sec Filings
- 11/13/24 - Form 4
- 11/12/24 - Form 144
- 11/8/24 - Form 10-Q
- SLDP's page on the SEC website