Solid Power (SLDP) AI Stock Analysis

• Market Cap: $983.77M
• Dividend Yield: N/A
• Average Volume (3M): 14.87M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.74
• Revenue Growth: 25.24%
• EPS Growth: -12.96%
• Country: US
• Employees: 260
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Electrical Equipment & Parts
• EPS (TTM): -0.14
• Shares Outstanding: 191,023,570
• 10 Day Avg. Volume: 10,664,495
• 30 Day Avg. Volume: 14,872,544
• PEG Ratio: -0.08
• Price to Book (P/B): 0.83
• Price to Sales (P/S): 16.84
• P/FCF Ratio: -4.22
• Enterprise Value/Market Cap: 0.40
• Enterprise Value/Revenue: 18.86
• Enterprise Value/Gross Profit: 168.33
• Enterprise Value/Ebitda: -4.79
• 1Y Price Target: $7.00
• Price Target Upside: 7.53% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): -0.57
• Revenue Forecast (FY): $20.60M

• Rating: 45 Neutral
• Price Target: $5.00 ▼(-23.20% Downside)

Solid Power's overall stock score reflects significant financial challenges, including declining revenues and substantial losses. Technical analysis indicates bearish momentum, while valuation metrics highlight unprofitability. Despite some positive developments in partnerships and liquidity, these are overshadowed by high operating expenses and cash management issues.

Positive Factors

Partnership with BMW

The partnership with BMW enhances Solid Power's market position in the EV sector, providing validation and potential for increased adoption of its technology, which can drive long-term revenue growth and strengthen its competitive advantage.

Revenue Growth

Consistent revenue growth indicates increasing demand for Solid Power's products, suggesting successful market penetration and potential for sustained financial improvement over time.

Strong Liquidity Position

A strong liquidity position provides Solid Power with the financial flexibility to invest in R&D and expansion, supporting long-term strategic initiatives and resilience against market fluctuations.

Negative Factors

Increased Operating Expenses

Rising operating expenses can pressure margins and profitability, potentially hindering Solid Power's ability to achieve financial sustainability and necessitating efficiency improvements.

Operating and Net Loss

Continued operating and net losses reflect challenges in achieving profitability, which may impact investor confidence and limit resources for growth and innovation.

High Cash Investment

Significant cash investments in operations and capital expenditures can strain financial resources, requiring careful management to ensure long-term returns and maintain financial health.

Solid Power Business Overview & Revenue Model

Company Description

Solid Power (SLDP) is a leading developer of solid-state battery technology, focused on revolutionizing energy storage solutions for electric vehicles (EVs) and other applications. The company operates in the energy sector, specializing in the production of safe, high-performance, and long-lasting battery cells. Solid Power aims to enhance the efficiency and sustainability of battery technology, addressing the growing demand for advanced energy storage systems in the automotive and consumer electronics markets.

How the Company Makes Money

Solid Power generates revenue primarily through the development and manufacturing of its solid-state battery cells. The company sells its battery products to automotive manufacturers and other industries looking to integrate advanced battery technology into their electric vehicles and products. Key revenue streams include direct sales of battery cells, research and development partnerships with major automotive companies, and potential licensing agreements for its proprietary battery technology. Significant partnerships with industry leaders, such as collaborations with major automotive manufacturers, provide additional avenues for funding and growth, as these partnerships often involve joint development initiatives and co-investment in technology advancements.

Solid Power Financial Statement Overview

Summary

Solid Power faces significant financial challenges, with declining revenues, substantial losses, and negative cash flow trends. While leverage is low, profitability and cash management remain critical concerns.

Income Statement

Solid Power's income statement reveals significant challenges. The company has experienced declining revenue growth, with a negative growth rate of -42.1% in the TTM period. Margins are deeply negative, with a net profit margin of -450.6% and an EBIT margin of -446.7%, indicating substantial losses. Despite a slight improvement in gross profit margin to 14.6%, the overall profitability remains weak.

Balance Sheet

The balance sheet shows a relatively low debt-to-equity ratio of 0.0215, suggesting limited leverage, which is a positive aspect. However, the return on equity is negative at -23.1%, reflecting ongoing losses. The equity ratio is not explicitly calculated, but the company's equity position appears stable relative to its assets.

Cash Flow

Cash flow analysis indicates negative free cash flow growth of -23.22% in the TTM period, highlighting cash management issues. The operating cash flow to net income ratio is -4.15, suggesting cash outflows exceed net losses. The free cash flow to net income ratio of 1.16 indicates some alignment between cash flow and accounting losses, but overall cash flow health is concerning.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	20.69M	20.14M	17.41M	11.79M	2.71M	2.10M
Gross Profit	2.32M	-145.00K	-10.32M	2.20M	-361.00K	433.00K
EBITDA	-81.58M	-88.87M	-78.66M	-53.94M	-24.19M	-9.53M
Net Income	-96.98M	-96.52M	-65.55M	-9.55M	18.09M	-14.38M
Balance Sheet
Total Assets	416.14M	448.25M	532.79M	594.45M	617.68M	14.21M
Cash, Cash Equivalents and Short-Term Investments	251.21M	118.20M	176.04M	323.08M	589.33M	4.97M
Total Debt	8.21M	9.41M	9.55M	10.05M	130.00K	6.34M
Total Liabilities	34.65M	37.94M	29.46M	39.07M	59.02M	10.34M
Stockholders Equity	381.50M	410.31M	503.33M	555.37M	558.66M	3.87M
Cash Flow
Free Cash Flow	-79.96M	-80.28M	-93.33M	-92.62M	-38.44M	-11.05M
Operating Cash Flow	-68.87M	-63.90M	-58.26M	-33.82M	-25.44M	-9.99M
Investing Cash Flow	48.16M	64.20M	42.50M	-429.99M	-88.88M	-1.06M
Financing Cash Flow	30.02M	-9.43M	173.00K	485.00K	622.80M	5.39M

Solid Power Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 6.51
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SLDP, the sentiment is Neutral. The current price of 6.51 is above the 20-day moving average (MA) of 6.06, above the 50-day MA of 5.60, and above the 200-day MA of 3.07, indicating a neutral trend. The MACD of -0.21 indicates Positive momentum. The RSI at 44.32 is Neutral, neither overbought nor oversold. The STOCH value of 31.85 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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	50 Neutral	$1.14B	―	-35.82%	―	19.82%	-7.14%
EOSE	47 Neutral	$4.10B	―	―	―	324.10%	-214.91%
PLUG	46 Neutral	$2.76B	―	-95.42%	―	2.53%	-2.83%
SLDP	45 Neutral	$983.77M	―	-23.63%	―	25.24%	-12.96%
FCEL	45 Neutral	$216.70M	―	-29.51%	―	78.82%	-20.81%
NVX	41 Neutral	$274.35M	-2.47	-45.13%	―	-14.27%	-28.56%

Solid Power Corporate Events

Solid Power Expands Electrolyte Production with DOE Grant

On November 5, 2025, Solid Power, Inc. published a PowerPoint presentation on its website, intended for use in investor and analyst presentations. The presentation outlines the company’s strategy to expand its electrolyte production capabilities, supported by a DOE grant of up to $50 million. Solid Power’s focus on sulfide-based solid electrolytes positions it as a leader in the industry, with plans to increase production capacity and collaborate with major automotive and battery manufacturers. Despite its promising technology, the company faces risks related to research and development success, financial losses, and market adoption challenges.

The most recent analyst rating on (SLDP) stock is a Hold with a $8.50 price target. To see the full list of analyst forecasts on Solid Power stock, see the SLDP Stock Forecast page.

Solid Power’s Q3 2025: Strategic Partnerships and Financial Highlights

Solid Power Inc. is a company focused on developing solid-state battery technology, primarily serving the electric vehicle (EV) market and other applications. The company distinguishes itself by selling its electrolyte material to cell manufacturers and licensing its cell designs and manufacturing processes.

Solid Power Partners with Samsung SDI and BMW

On October 27, 2025, Solid Power, Inc. announced a Joint Evaluation Agreement with Samsung SDI and BMW to advance all-solid-state battery (ASSB) technology. This strategic collaboration aims to develop and validate a demonstration vehicle powered by ASSB technology, with Solid Power supplying sulfide-based solid electrolyte to Samsung SDI for cell fabrication. The partnership signifies a significant step towards the commercialization of ASSB technology, leveraging the expertise of these industry leaders to potentially improve energy density, battery life, and safety performance. BMW will also gain the right to nominate a director to Solid Power’s board, enhancing its influence in the collaboration.

The most recent analyst rating on (SLDP) stock is a Hold with a $5.50 price target. To see the full list of analyst forecasts on Solid Power stock, see the SLDP Stock Forecast page.

Solid Power Initiates $150 Million Stock Offering

On September 5, 2025, Solid Power, Inc. entered into an Equity Distribution Agreement with Oppenheimer & Co. Inc. for an at-the-market offering program, allowing the company to sell shares of its common stock up to $150 million. This agreement provides Solid Power with flexibility in raising capital through stock sales on the Nasdaq or other markets, with Oppenheimer acting as the sales agent and earning a commission on sales.

The most recent analyst rating on (SLDP) stock is a Hold with a $5.50 price target. To see the full list of analyst forecasts on Solid Power stock, see the SLDP Stock Forecast page.