Solid Power (SLDP) AI Stock Analysis

• Market Cap: $688.20M
• Dividend Yield: N/A
• Average Volume (3M): 4.58M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.89
• Revenue Growth: 25.24%
• EPS Growth: -12.96%
• Country: US
• Employees: 260
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Electrical Equipment & Parts
• EPS (TTM): -0.15
• Shares Outstanding: 220,578,320
• 10 Day Avg. Volume: 3,967,550
• 30 Day Avg. Volume: 4,577,724
• PEG Ratio: 1.24
• Price to Book (P/B): 1.54
• Price to Sales (P/S): 29.50
• P/FCF Ratio: -7.67
• Enterprise Value/Market Cap: 0.78
• Enterprise Value/Revenue: 24.70
• Enterprise Value/Gross Profit: 489.20
• Enterprise Value/Ebitda: -6.51
• 1Y Price Target: $7.00
• Price Target Upside: 119.44% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): -0.55
• Revenue Forecast (FY): $20.00M

• Rating: 48 Neutral
• Price Target: $3.00 ▼(-5.96% Downside)
• Action: Reiterated Date: 03/07/26
• Date: Action: Reiterated 03/07/26

The score is primarily held down by weak financial performance (large losses and significant cash burn) and bearish technicals (below key moving averages with negative MACD). Offsetting factors include constructive earnings-call execution milestones and improved liquidity (including DOE support and recent capital raises), but commercialization remains multi-year with ongoing funding and dilution risk.

Positive Factors

Customer partnerships & validation

Strategic technical validation from OEMs and tier‑1 partners is a durable competitive asset: joint evaluations and in‑vehicle demos shorten qualification cycles, create a potential demand pipeline, and embed Solid Power in automakers’ development roadmaps, reducing long‑term execution risk if validations progress to supply.

Strengthened liquidity and capital raises

A sizable cash balance and recent financings materially improve near‑term funding flexibility, supporting pilot commissioning and customer validation programs. This liquidity reduces immediate solvency risk and gives management time to hit technical milestones before needing dilutive capital, a durable buffer for multi‑phase commercialization.

Low leverage / conservative balance sheet

Minimal debt exposure lowers financial distress risk and preserves strategic optionality for capital allocation. Low leverage supports the company’s ability to pursue capital‑intensive R&D and pilot scale-up without heavy interest burdens, making the balance sheet structurally more resilient during multi‑year commercialization.

Negative Factors

High cash burn and negative free cash flow

Persistent and increasing negative operating cash flow indicates the business continues to consume capital faster than it generates it. Structural cash burn elevates reliance on external financing, raises dilution risk for shareholders, and constrains the firm's ability to invest opportunistically until unit economics improve or commercial volumes scale.

Persistent operating losses and no gross profit

Lack of gross profitability signals that production economics and scale have not yet been achieved. Continued large operating losses mean the company remains far from self‑sustaining; until gross margins and fixed cost absorption improve, business viability depends on converting R&D and pilot efforts into repeatable, profitable manufacturing.

Multi‑year commercialization timeline and funding reliance

A long runway to commercial volumes plus frequent equity financings creates structural execution and dilution risk. Delays or partner setbacks could force further capital raises on unfavorable terms, eroding shareholder value and making eventual returns contingent on multi‑year, high‑risk technical and production milestones.

Solid Power Business Overview & Revenue Model

Company Description

Solid Power, Inc. focuses on the development and commercialization of all-solid-state battery cells and solid electrolyte materials for the battery-powered electric vehicle market in the United States. The company was founded in 2011 and is headquartered in Louisville, Colorado.

How the Company Makes Money

Solid Power generates revenue primarily through the development and sale of its solid-state battery technology and products. The company's revenue model includes partnerships with major automotive manufacturers and other industry players who are interested in integrating Solid Power's battery solutions into their electric vehicles. Additionally, Solid Power engages in research and development contracts, providing tailored solutions and technology to partners. Key revenue streams include licensing agreements, product sales, and potential joint ventures, which leverage Solid Power's innovative battery technology to meet the increasing market demand for efficient and safe energy storage systems.

Solid Power Financial Statement Overview

Summary

Revenue has grown materially over time, and leverage is very low, but the overall financial picture is dominated by persistent heavy losses, no meaningful gross profit recently, and large ongoing cash burn with negative free cash flow—raising continued funding risk despite solid liquidity.

Income Statement

Revenue has scaled from $2.1M (2020) to $21.7M (2025) with strong growth in several years, but profitability remains very weak. Recent results show no meaningful gross profit (2025 gross profit at $0; 2024–2023 negative gross profit) and very large net losses (2025 net loss of -$93.4M; 2024 -$96.5M). Net margins are deeply negative (about -430% to -480% in 2024–2025), indicating the business is still far from breakeven despite top-line progress.

Balance Sheet

Leverage is low and conservative, with debt-to-equity around ~0.02 in 2023–2025 and total debt under $10M in those periods, which reduces financial risk. However, equity has been declining (from ~$555M in 2022 to ~$381M in 2025), and returns on equity are materially negative (about -13% to -25% in 2023–2025), reflecting ongoing losses and potential continued balance sheet erosion if losses persist.

Cash Flow

Cash generation is a clear weakness: operating cash flow is consistently negative and worsening in absolute dollars (about -$33.8M in 2022 to -$73.4M in 2025), and free cash flow is also deeply negative (2025 -$83.6M; 2024 -$80.3M). While free cash flow has improved slightly versus 2023, the company is still burning significant cash alongside large net losses, implying ongoing dependence on funding or a meaningful improvement in operating economics.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	21.75M	20.14M	17.41M	11.79M	2.71M
Gross Profit	1.10M	-145.00K	-10.32M	2.20M	-361.00K
EBITDA	-73.67M	-88.87M	-78.66M	-53.94M	-24.19M
Net Income	-93.41M	-96.52M	-65.55M	-9.55M	18.09M
Balance Sheet
Total Assets	457.78M	448.25M	532.79M	594.45M	617.68M
Cash, Cash Equivalents and Short-Term Investments	251.21M	118.20M	176.04M	323.08M	589.33M
Total Debt	8.26M	9.41M	9.55M	10.05M	130.00K
Total Liabilities	41.61M	37.94M	29.46M	39.07M	59.02M
Stockholders Equity	415.70M	410.31M	503.33M	555.37M	558.66M
Cash Flow
Free Cash Flow	-83.60M	-80.28M	-93.33M	-92.62M	-38.44M
Operating Cash Flow	-73.39M	-63.90M	-58.26M	-33.82M	-25.44M
Investing Cash Flow	-19.90M	64.20M	42.50M	-429.99M	-88.88M
Financing Cash Flow	89.48M	-9.43M	173.00K	485.00K	622.80M

Solid Power Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 3.19
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SLDP, the sentiment is Negative. The current price of 3.19 is below the 20-day moving average (MA) of 3.39, below the 50-day MA of 4.22, and below the 200-day MA of 4.24, indicating a bearish trend. The MACD of -0.26 indicates Negative momentum. The RSI at 35.41 is Neutral, neither overbought nor oversold. The STOCH value of 43.05 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SLDP.

Solid Power Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
MVST	60 Neutral	$571.10M	13.88	-7.40%	―	19.82%	-7.14%
ENVX	52 Neutral	$1.05B	-10.09	-0.23%	―	45.98%	44.14%
PLUG	50 Neutral	$3.23B	-1.40	-110.00%	―	2.53%	-2.83%
SLDP	48 Neutral	$688.20M	-7.26	-23.87%	―	25.24%	-12.96%
ADSE	48 Neutral	$646.92M	-10.84	234.11%	―	-69.30%	9.90%
EOSE	45 Neutral	$1.91B	―	73.98%	―	324.10%	-214.91%

Solid Power Corporate Events

Solid Power Highlights Updated Investor Overview and Strategy

On March 5, 2026, Solid Power Operating, Inc. entered into an amended and restated assistance agreement with the U.S. Department of Energy, effective January 1, 2026, updating terms tied to a DOE grant of up to $50 million aimed at expanding the company’s electrolyte production capabilities. On March 6, 2026, Solid Power also released an updated Company Overview presentation on its website for use in investor and analyst meetings, highlighting its strong liquidity, capital-light strategy, and leading position in sulfide-based solid electrolyte technology as it seeks greater integration into the global battery and automotive supply chains.

The most recent analyst rating on (SLDP) stock is a Hold with a $3.00 price target. To see the full list of analyst forecasts on Solid Power stock, see the SLDP Stock Forecast page.

Solid Power Announces $130 Million Securities Offering Agreement

On January 28, 2026, Solid Power announced it had entered into a securities purchase agreement with a single sector-focused institutional investor to raise approximately $130 million in gross proceeds through the issuance of 17 million common shares, pre-funded warrants for up to about 5.8 million additional shares, and common warrants for up to roughly 45.6 million shares at an exercise price of $7.25. The transaction, expected to close around January 29, 2026 subject to customary conditions, will significantly expand the company’s potential share base while adding to an existing unaudited liquidity position of about $336.5 million as of December 31, 2025, bolstering working capital and general corporate funding as Solid Power continues its capital-intensive solid-state battery development in a market characterized by technological, competitive, regulatory, and execution risks highlighted in its risk disclosures.

The most recent analyst rating on (SLDP) stock is a Hold with a $6.00 price target. To see the full list of analyst forecasts on Solid Power stock, see the SLDP Stock Forecast page.