Solid Power (SLDP – Research Report) received a Sell rating and a $2.00 price target from Wolfe Research analyst Rod Lache today. The company’s shares closed yesterday at $2.45.
According to TipRanks, Lache is a 4-star analyst with an average return of 10.1% and a 59.87% success rate.
Solid Power has an analyst consensus of Hold, with a price target consensus of $3.13.
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Based on Solid Power’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $3.79 million and a GAAP net loss of $19.16 million. In comparison, last year the company earned a revenue of $2.2 million and had a GAAP net loss of $10.34 million
Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SLDP in relation to earlier this year.
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Decarbonization Plus Acquisition Corp III is a blank check company.
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