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Solid State ( (GB:SOLI) ) has shared an update.
Solid State plc has announced a strategic partnership between its Custom Power division and Volklec, the UK’s only independent battery manufacturer, to provide a comprehensive energy solution for the UK defense sector. This collaboration aims to create a fully integrated capability, from cell development to battery pack design and support, leveraging Volklec’s 21700 lithium-ion cell technology and Custom Power’s bespoke battery management systems. The partnership, facilitated by MAKE UK Defence, is designed to enhance UK industrial resilience by advancing domestic energy technology and reducing reliance on foreign suppliers, aligning with the UK’s 2025 Strategic Defence Review and supporting the government’s Net Zero policy.
The most recent analyst rating on (GB:SOLI) stock is a Hold with a £166.00 price target. To see the full list of analyst forecasts on Solid State stock, see the GB:SOLI Stock Forecast page.
Spark’s Take on GB:SOLI Stock
According to Spark, TipRanks’ AI Analyst, GB:SOLI is a Neutral.
Solid State’s overall stock score reflects significant challenges in financial performance and technical analysis, with a high P/E ratio indicating overvaluation. While corporate events show potential for future growth, the current financial and technical conditions weigh heavily on the stock’s attractiveness.
To see Spark’s full report on GB:SOLI stock, click here.
More about Solid State
Solid State plc is a leading value-added electronics group that supplies industrial and defense markets with durable components, assemblies, and manufactured systems for critical applications. The company focuses on industrial and ruggedized computing, battery power solutions, antennas, secure radio systems, imaging technologies, and electronic components & displays. Operating through two divisions, Systems and Components, Solid State serves a wide range of industries including defense, energy production, aerospace, environmental, oceanographic, industrial, robotics, medical, life sciences, and transportation. Headquartered in Redditch, UK, the company employs over 400 people globally and operates from 14 national and international sites.
Average Trading Volume: 65,529
Technical Sentiment Signal: Strong Sell
Current Market Cap: £84.99M
Learn more about SOLI stock on TipRanks’ Stock Analysis page.