Bank of New York Mellon Corp Sells 75,832 Shares of Solid Power, Inc. (NASDAQ:SLDP)

Bank of New York Mellon Corp reduced its holdings in Solid Power, Inc. (NASDAQ:SLDP) by 16.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 378,189 shares of the company’s stock after selling 75,832 shares during the period. Bank of New York Mellon Corp’s holdings in Solid Power were worth $715,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in SLDP. Belvedere Trading LLC bought a new stake in shares of Solid Power in the fourth quarter valued at approximately $33,000. Intech Investment Management LLC acquired a new position in Solid Power during the 3rd quarter valued at $62,000. Virtu Financial LLC bought a new stake in Solid Power in the 3rd quarter valued at $195,000. Barclays PLC boosted its holdings in Solid Power by 268.4% in the 3rd quarter. Barclays PLC now owns 200,619 shares of the company’s stock valued at $271,000 after purchasing an additional 146,157 shares during the period. Finally, SG Americas Securities LLC grew its position in Solid Power by 205.5% in the 4th quarter. SG Americas Securities LLC now owns 182,685 shares of the company’s stock worth $345,000 after purchasing an additional 122,888 shares during the last quarter. 33.66% of the stock is owned by institutional investors.

Insider Transactions at Solid Power

In related news, CTO Joshua Buettner-Garrett sold 187,500 shares of the company’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $1.13, for a total value of $211,875.00. Following the sale, the chief technology officer now owns 865,304 shares of the company’s stock, valued at $977,793.52. The trade was a 17.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 7.20% of the stock is owned by insiders.

Analysts Set New Price Targets

Separately, Needham & Company LLC reaffirmed a “buy” rating and set a $2.00 price objective on shares of Solid Power in a research report on Wednesday, January 15th.

Solid Power Trading Down 2.7 %

Shares of NASDAQ:SLDP opened at $1.09 on Thursday. The firm has a market capitalization of $198.37 million, a PE ratio of -2.22 and a beta of 1.42. Solid Power, Inc. has a 1-year low of $1.00 and a 1-year high of $2.70. The business’s 50 day moving average is $1.30 and its 200-day moving average is $1.32.

Solid Power (NASDAQ:SLDP) last issued its earnings results on Thursday, February 27th. The company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.04). The firm had revenue of $4.46 million during the quarter, compared to the consensus estimate of $3.85 million. Solid Power had a negative return on equity of 18.08% and a negative net margin of 471.22%.

Solid Power Profile

Solid Power, Inc develops solid state battery technologies for the electric vehicles (EV) and other markets in the United States. The company sells its sulfide-based solid electrolyte; and licenses its solid-state cell designs and manufacturing processes. It also produces and sells 0.2, 2, 20 ampere-hour (Ah), and EV cells.