Stifel Nicolaus analyst Vincent Anderson maintained a Hold rating on Solid Power (SLDP – Research Report) today and set a price target of $3.50. The company’s shares closed yesterday at $1.67.
According to TipRanks, Anderson is a 4-star analyst with an average return of 8.4% and a 50.19% success rate. Anderson covers the Basic Materials sector, focusing on stocks such as Mosaic Co, Nutrien, and CF Holdings.
In addition to Stifel Nicolaus, Solid Power also received a Hold from TD Cowen’s Gabriel Daoud in a report issued yesterday. However, on the same day, Needham reiterated a Buy rating on Solid Power (NASDAQ: SLDP).
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Based on Solid Power’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $6.37 million and a GAAP net loss of $15.14 million. In comparison, last year the company earned a revenue of $2.81 million and had a GAAP net loss of $12.4 million
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Solid Power (SLDP) Company Description:
Decarbonization Plus Acquisition Corp III is a blank check company.
Read More on SLDP:
- Solid Power Full Year 2023 Results Reflect Strong Execution
- Solid Power Inc. (SLDP) Q4 Earnings Cheat Sheet
- Solid Power, Inc. Announces Timing of Full Year 2023 Earnings Release and Conference Call
- Unusually active option classes on open January 23rd
- Solid Power announces $50M share repurchase authorization
