Solidion Technology (STI) stock rocketed higher on Wednesday after the battery company received a 2025 R&D 100 Award alongside its partner, Oak Ridge National Laboratory. This award was granted to the two for their joint innovation, Electrochemical Graphitization in Molten Salts (E-GRIMS). That’s notable as the R&D 100 Award is considered “The Oscars of Innovation” and the “Nobel Prize of Engineering.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
E-GRIMS is a technology that changes the graphitization process, making it energy-efficient, scalable, and environmentally sustainable to produce graphite anode materials. The company notes that this technology has the potential to significantly reduce the carbon footprint of lithium-ion battery manufacturing. Jaymes Winters, CEO of Solidion Technology, said, “We are honored to share this recognition with our long-standing partner ORNL.”
Solidion Technology believes that E-GRIMS can “reshape the graphite anode materials industry.” The company has already started pursuing pilot-scale and commercial-scale deployment of the technology. It has also reached out to partners and collaborators who could benefit from its use.
Solidion Technology Stock Movement Today
Solidion Technology stock was up 129.27% during pre-market trading on Wednesday, following a 0.92% rally yesterday. However, the stock has fallen 90.59% year-to-date and 79.21% over the past 12 months. Today’s news came with heavy trading, as some 37 million STI shares changed hands, compared to a three-month daily average of about 41,000 units.
Is Solidion Technology Stock a Buy, Sell, or Hold?
Turning to Wall Street, coverage of Solidion Technology is thin. Fortunately, TipRanks’ AI analyst Spark has it covered. Spark rates STI stock an Underperform (26) with no price target. It cites “no revenue and substantial net losses” as reasons for this stance.
