CVA Family Office LLC Sells 188,836 Shares of Solid Power, Inc. $SLDP

CVA Family Office LLC reduced its holdings in shares of Solid Power, Inc. (NASDAQ:SLDP) by 70.4% in the fourth quarter, HoldingsChannel reports. The fund owned 79,243 shares of the company’s stock after selling 188,836 shares during the period. CVA Family Office LLC’s holdings in Solid Power were worth $337,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. SBI Securities Co. Ltd. grew its holdings in Solid Power by 17.2% in the third quarter. SBI Securities Co. Ltd. now owns 37,683 shares of the company’s stock worth $131,000 after purchasing an additional 5,526 shares during the period. Prudential Financial Inc. lifted its holdings in shares of Solid Power by 69.7% during the second quarter. Prudential Financial Inc. now owns 17,480 shares of the company’s stock valued at $38,000 after purchasing an additional 7,180 shares during the last quarter. Osaic Holdings Inc. lifted its holdings in shares of Solid Power by 9.0% during the second quarter. Osaic Holdings Inc. now owns 92,809 shares of the company’s stock valued at $203,000 after purchasing an additional 7,683 shares during the last quarter. Rhumbline Advisers boosted its position in shares of Solid Power by 4.9% in the 3rd quarter. Rhumbline Advisers now owns 206,452 shares of the company’s stock worth $716,000 after purchasing an additional 9,675 shares in the last quarter. Finally, AlphaCore Capital LLC bought a new stake in shares of Solid Power in the 3rd quarter worth approximately $35,000. Hedge funds and other institutional investors own 33.66% of the company’s stock.

Analysts Set New Price Targets

SLDP has been the subject of a number of analyst reports. HC Wainwright started coverage on Solid Power in a research report on Monday, March 16th. They set a “buy” rating and a $7.00 price objective for the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Solid Power in a report on Thursday, January 22nd. Wall Street Zen cut Solid Power from a “hold” rating to a “sell” rating in a research note on Saturday, December 20th. Needham & Company LLC restated a “buy” rating and set a $7.00 price target on shares of Solid Power in a report on Wednesday, January 14th. Finally, Zacks Research raised Solid Power to a “hold” rating in a research report on Tuesday, March 17th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $7.00.

Solid Power Stock Performance

Shares of NASDAQ SLDP opened at $3.01 on Friday. The firm’s 50 day moving average price is $3.86 and its 200-day moving average price is $4.72. Solid Power, Inc. has a 52-week low of $0.68 and a 52-week high of $8.86. The company has a market cap of $663.95 million, a PE ratio of -6.02 and a beta of 1.92.

Solid Power (NASDAQ:SLDP) last announced its quarterly earnings results on Tuesday, February 24th. The company reported ($0.14) earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.02. Solid Power had a negative net margin of 429.54% and a negative return on equity of 23.88%. The company had revenue of ($0.20) million during the quarter, compared to the consensus estimate of $2.50 million.

About Solid Power

Solid Power, Inc (NASDAQ: SLDP) is a Colorado-based company specializing in the development and manufacturing of all-solid-state rechargeable battery cells for the electric vehicle (EV) and aerospace industries. Founded in 2012 as a spin-out from the University of Colorado Boulder, Solid Power has focused on advancing solid electrolytes and high-energy battery architectures to deliver improved safety, higher energy density and longer cycle life compared with traditional lithium-ion batteries.

The company’s core offerings include multilayer solid-state battery cells that utilize sulfide-based solid electrolytes and high-capacity cathode materials.