Solid Power (SLDP)
NASDAQ:SLDP
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Solid Power
(NASDAQ:SLDP)
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Rating:48Neutral
Price Target:
$3.00
▲(0.67% Upside)
Action:ReiteratedDate: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.
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.
Read all positive and negative factors
Positive Factors
Negative 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.
Read all positive factors
Solid Power (SLDP) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$650.71M
Dividend YieldN/A
Average Volume (3M)3.72M
Price to Earnings (P/E)―
Beta (1Y)1.74
Revenue Growth25.24%
EPS Growth-12.96%
CountryUS
Employees260
SectorConsumer Cyclical
Sector Strength84
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)-0.15
Shares Outstanding220,578,320
10 Day Avg. Volume3,593,243
30 Day Avg. Volume3,724,599
Financial Highlights & Ratios
PEG Ratio1.24
Price to Book (P/B)1.54
Price to Sales (P/S)29.50
P/FCF Ratio-7.67
Enterprise Value/Market Cap0.79
Enterprise Value/Revenue23.51
Enterprise Value/Gross Profit465.65
Enterprise Value/Ebitda-6.20
Forecast
1Y Price Target
$7.00Price Target Upside134.90% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)-0.55
Revenue Forecast (FY)$20.00M
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 headqu...
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 i...
Solid Power Earnings Call Summary
Earnings Call Date:Feb 24, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 12, 2026
Earnings Call Sentiment Neutral
The call highlights meaningful technical progress, customer validation (BMW, Samsung SDI), advancement of the pilot production roadmap, and strengthened liquidity through recent capital raises — all positive signs toward commercialization. However, these positives are tempered by large operating and net losses, limited current revenue relative to costs, ongoing reliance on external financing, and a multi-year timeline before significant commercial volumes are expected. Overall the positives and negatives are roughly balanced.Positive Updates
Revenue Growth
Revenue for fiscal 2025 was $21.7 million, up $1.6 million year-over-year, representing approximately +8% growth versus 2024 (driven primarily by work under the SK On line installation agreement).
Negative Updates
Large Operating and Net Losses
Operating loss for 2025 was $100.8 million and net loss was $93.4 million (or $0.51 per share), highlighting substantial ongoing negative profitability while commercialization remains nascent.
Read all updates
Q4-2025 Updates
Positive
Negative
Revenue Growth
Revenue for fiscal 2025 was $21.7 million, up $1.6 million year-over-year, representing approximately +8% growth versus 2024 (driven primarily by work under the SK On line installation agreement).
Read all positive updates
Company Guidance
Solid Power guided to 2026 cash investment of $85–$100 million and plans to commission its continuous electrolyte production pilot line by the end of 2026 to expand annual electrolyte capacity up to 75 metric tons, while pursuing a potential partner to enable commercial-scale production up to ~500 metric tons/year; operational milestones include completing SK On site acceptance testing in Q1 2026 and then beginning validation and electrolyte deliveries, continuing electrolyte supply to Samsung SDI under the joint evaluation, and advancing cell-level development toward SK On’s stated SOP target in 2029. The company entered 2026 with $336.5 million of liquidity (up $9.0M year‑over‑year), after raising $56.0M net in Q4 (total 2025 ATM proceeds $88.8M) and completing a $130.0M registered direct offering; 2025 financials were $21.7M revenue (+$1.6M vs 2024), $122.6M operating expenses ($125.5M in 2024), $100.8M operating loss, $93.4M net loss ($0.51/share), $10.2M CapEx, and $84.5M cash investment (cash used in operations + CapEx). Short‑run manufacturing metrics include EIC batches of ≤2 kg turned in days and SP2 batches of 40–50 kg with cycle times of ~1 week.Solid Power Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
63
Positive
Cash Flow
22
Negative
| 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
Negative
2.98
Price Trends
3.38
Negative
4.22
Negative
4.35
Negative
Market Momentum
-0.14
Negative
42.11
Neutral
58.45
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 2.98 is below the 20-day moving average (MA) of 3.01, below the 50-day MA of 3.38, and below the 200-day MA of 4.35, indicating a bearish trend. The MACD of -0.14 indicates Negative momentum. The RSI at 42.11 is Neutral, neither overbought nor oversold. The STOCH value of 58.45 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SLDP.
Solid Power Risk Analysis
Solid Power disclosed 58 risk factors in its most recent earnings report. Solid Power reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Solid Power Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
57 Neutral | $547.85M | -31.12 | -7.40% | ― | 19.82% | -7.14% | |
52 Neutral | $1.32B | -10.09 | -0.23% | ― | 45.98% | 44.14% | |
50 Neutral | $3.82B | -1.40 | -110.00% | ― | 2.53% | -2.83% | |
50 Neutral | $709.45M | -10.84 | 234.11% | ― | -69.30% | 9.90% | |
48 Neutral | $650.71M | -7.26 | -23.87% | ― | 25.24% | -12.96% | |
46 Neutral | $1.91B | -3.08 | 73.98% | ― | 324.10% | -214.91% |
* Consumer Cyclical Sector Average
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Solid Power Corporate Events
Business Operations and StrategyRegulatory Filings and Compliance
Solid Power Highlights Updated Investor Overview and Strategy
Positive
Mar 6, 2026
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 c...
Business Operations and StrategyPrivate Placements and Financing
Solid Power Announces $130 Million Securities Offering Agreement
Positive
Jan 29, 2026
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 shar...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.