Solid Power announces $50M share repurchase authorization

Solid Power announced that its Board of Directors has authorized the repurchase of up to $50 million of the company’s common stock. “This program is a reflection of our strong cash position and commitment to creating shareholder value,” said John Van Scoter, President and Chief Executive Officer of Solid Power, Inc. “It is driven by our view that Solid Power’s shares are undervalued and demonstrates confidence in our progress. We believe that with our unique capital-light business model, we can opportunistically buy back shares while continuing to drive technology development.”