TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Solid State ( (GB:SOLI) ) has issued an announcement.
Solid State’s Power Division, Custom Power, has secured $7.4 million in orders for battery packs across various sectors in the UK and US, including UAVs, maritime technologies, and medical devices. This achievement underscores the company’s strategic focus on delivering high-quality engineered solutions and strengthens its position as a leading provider of advanced battery technology for mission-critical applications. The new orders from Tier 1 defense and commercial customers highlight Solid State’s growing influence in the expanding market for autonomous and cordless technologies.
The most recent analyst rating on (GB:SOLI) stock is a Hold with a £164.00 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 valuation. The company’s declining profitability and high P/E ratio are major concerns. Technical analysis indicates bearish momentum, further impacting the score. The stable balance sheet provides some support, but improvements in profitability and valuation are needed to enhance 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, particularly in harsh operational environments. The company focuses on industrial and ruggedized computing, battery power solutions, antennas, secure radio systems, imaging technologies, and electronic components and displays. Operating through its Systems and Components divisions, 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, Solid State employs over 425 people globally and operates from 13 sites worldwide.
Average Trading Volume: 99,501
Technical Sentiment Signal: Sell
Current Market Cap: £83.84M
For a thorough assessment of SOLI stock, go to TipRanks’ Stock Analysis page.