We Think Solid Power (NASDAQ:SLDP) Needs To Drive Business Growth Carefully [Yahoo! Finance]
Solid Power, Inc. - Class A (SLDP)
Company Research
Source: Yahoo! Finance
So, the natural question for Solid Power NASDAQ:SLDP ) shareholders is whether they should be concerned by its rate of cash burn. In this article, we define cash burn as its annual (negative) free cash flow, which is the amount of money a company spends each year to fund its growth. The first step is to compare its cash burn with its cash reserves, to give us its 'cash runway'. How Long Is Solid Power's Cash Runway? A company's cash runway is the amount of time it would take to burn through its cash reserves at its current cash burn rate. When Solid Power last reported its June 2024 balance sheet in August 2024, it had zero debt and cash worth US$141m. In the last year, its cash burn was US$84m. So it had a cash runway of approximately 20 months from June 2024. That's not too bad, but it's fair to say the end of the cash runway is in sight, unless cash burn reduces drastically. Depicted below, you can see how its cash holdings have changed over time. How Well Is Solid Power Gro
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News
- Solid-State Battery Market to Hit $963 Million by 2030 – Unlock Trends & Opportunities! [Yahoo! Finance]Yahoo! Finance
- Why Solid Power Stock Crumbled Today [Yahoo! Finance]Yahoo! Finance
- Solid Power, Inc. (NASDAQ: SLDP) had its "buy" rating re-affirmed by analysts at Needham & Company LLC. They now have a $2.00 price target on the stock.MarketBeat
- Why Shares of Solid Power Are Plummeting Today [Yahoo! Finance]Yahoo! Finance
- Solid Power Announces Upcoming Investor Conference ParticipationBusiness Wire
SLDP
Earnings
- 5/7/24 - Miss
SLDP
Sec Filings
- 2/12/25 - Form 4
- 2/10/25 - Form 144
- 1/24/25 - Form 8-K
- SLDP's page on the SEC website