Solid Power selected by DOE for up to $50M award negotiation [Seeking Alpha]
Solid Power, Inc. - Class A (SLDP)
Company Research
Source: Seeking Alpha
negotiations for up to $50 million in federal funding under the Bipartisan Infrastructure Law. The project aims to install a continuous manufacturing process for solid electrolyte materials for advanced all-solid-state batteries and expand electrolyte production capabilities in Thornton, CO. This expansion will support the transition from traditional lithium-ion to ASSB technology. In order to meet anticipated demand, Solid Power plans to significantly increase its annual production capacity, first to 75 metric tons in 2026 and then to 140 metric tons in 2028, through this multi-year capital improvement project. In addition, Solid Power expects the continuous manufacturing process will enable it to produce electrolyte at a far cheaper cost. The company said that it does not anticipate any DOE funding to have a material impact on its financial outlook for this fiscal year, which it last provided on August 6, 2024. SLDP shares were trading pre-market. Recommended For You
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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