Solid Power (SLDP) AI Stock Analysis

• Market Cap: $973.50M
• Dividend Yield: N/A
• Average Volume (3M): 13.03M
• Price to Earnings (P/E): ―
• Beta (1Y): 2.04
• Revenue Growth: 14.82%
• EPS Growth: -19.27%
• Country: US
• Employees: 260
• Sector: Consumer Cyclical
• Sector Strength: 75
• Industry: Electrical Equipment & Parts
• EPS (TTM): -0.14
• Shares Outstanding: 181,284,380
• 10 Day Avg. Volume: 12,106,176
• 30 Day Avg. Volume: 13,026,948
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 0.18
• Enterprise Value/Revenue: 8.00
• Enterprise Value/Gross Profit: -1.68K
• Enterprise Value/Ebitda: -2.32
• 1Y Price Target: $4.75
• Price Target Upside: -6.13% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 58 Neutral
• Price Target: $5.50 ▲(8.70% Upside)

Solid Power's stock score is primarily influenced by its strong technical momentum and strategic corporate developments. However, financial performance and valuation concerns, including profitability challenges and a negative P/E ratio, weigh down the overall score. The earnings call provided a balanced view with both achievements and challenges.

Positive Factors

Financial Stability

Increasing the call option value inherent in SLDP's shares given the sizeable cash balance vs burn rate, allowing SLDP to weather the downturn in US EV adoption.

Partnerships and Progress

SLDP and peers benefiting from increased all-solid state battery enthusiasm, with SLDP's cell and electrolyte partnerships both showing consistent progress.

Negative Factors

Regulatory Challenges

Regulatory headwinds pushing against EV adoption have stiffened in the US due to the Trump administration's comments and posturing.

Strategic Uncertainty

There is heightened uncertainty surrounding the strategic shift of de-prioritizing cell development.

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. The company focuses on partnering with major automotive manufacturers to integrate its advanced batteries into electric vehicles (EVs), which forms a significant revenue stream. Solid Power also engages in joint development agreements, licensing arrangements, and collaborative research projects with automotive and battery industry leaders, which provide additional financial support and accelerate product development. These partnerships are critical in facilitating the commercialization of Solid Power's technologies and expanding its market presence. Furthermore, the company may receive funding from government grants and private investments aimed at promoting clean energy and technological advancements in the battery sector.

Solid Power Financial Statement Overview

Summary

Solid Power's financial performance is under pressure with consistent operating losses and cash flow challenges. Despite a strong equity position, the company struggles with profitability and cash generation. Improvements in revenue growth and cost control are essential.

Income Statement

Solid Power has been facing consistent losses with negative net income and EBIT margins over the recent periods. The TTM (Trailing-Twelve-Months) gross profit margin is positive but modest at 7.48%. Revenue growth is present but decelerating, indicating challenges in scaling operations profitably. The company needs to enhance its cost management and revenue generation strategies to achieve profitability.

Balance Sheet

The balance sheet shows a high equity ratio of 94.68% TTM, indicating strong capitalization with a low debt-to-equity ratio of 0.02. However, the consistent net losses have negatively impacted return on equity, signaling inefficiencies in utilizing equity capital for generating profits. The company maintains a robust cash position, which provides a cushion for ongoing R&D and operational needs.

Cash Flow

Operating cash flows are negative, reflecting the company's struggle to generate cash from its core operations. However, free cash flow has shown some improvement in the TTM period. The cash flow metrics indicate the need for Solid Power to focus on improving operational efficiency and cash management to sustain long-term growth.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	21.61M	20.14M	17.41M	11.79M	2.71M	2.10M
Gross Profit	-103.00K	-145.00K	-10.32M	2.20M	-361.00K	432.63K
EBITDA	-74.42M	-77.78M	-52.73M	-3.82M	20.82M	-11.82M
Net Income	-93.53M	-96.52M	-65.55M	-9.55M	18.09M	-14.37M
Balance Sheet
Total Assets	398.00M	448.25M	532.79M	594.45M	617.68M	14.21M
Cash, Cash Equivalents and Short-Term Investments	230.93M	118.20M	176.04M	323.08M	589.33M	4.97M
Total Debt	8.42M	9.41M	9.55M	10.05M	130.00K	6.34M
Total Liabilities	14.82M	37.94M	29.46M	39.07M	59.02M	10.33M
Stockholders Equity	370.63M	410.31M	503.33M	555.37M	558.66M	3.87M
Cash Flow
Free Cash Flow	-103.92M	-80.28M	-93.33M	-92.62M	-38.44M	-11.05M
Operating Cash Flow	-88.40M	-63.90M	-58.26M	-33.82M	-25.44M	-9.99M
Investing Cash Flow	444.96M	64.20M	42.50M	-429.99M	-88.88M	-1.06M
Financing Cash Flow	-356.92M	-9.43M	173.00K	485.00K	622.80M	5.39M

Solid Power Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 5.06
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SLDP, the sentiment is Positive. The current price of 5.06 is above the 20-day moving average (MA) of 3.96, above the 50-day MA of 2.93, and above the 200-day MA of 1.70, indicating a bullish trend. The MACD of 0.52 indicates Negative momentum. The RSI at 66.85 is Neutral, neither overbought nor oversold. The STOCH value of 88.21 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SLDP.

Solid Power Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	63 Neutral	€17.62B	13.46	15.56%	3.60%	-0.67%	-125.81%
SLDP	58 Neutral	$973.50M	―	-22.60%	―	14.82%	-19.27%
EOSE	57 Neutral	$1.64B	―	125.43%	―	128.49%	-697.81%
PLUG	56 Neutral	$1.91B	―	-84.40%	―	-1.70%	9.93%
MVST	52 Neutral	$924.01M	―	-33.65%	―	20.84%	24.84%
NVX	46 Neutral	$198.06M	―	-47.77%	―	-27.50%	-58.61%
FCEL	42 Neutral	$96.41M	―	-20.52%	―	48.62%	0.23%

Solid Power Corporate Events

Solid Power Expands Electrolyte Production Strategy

On August 7, 2025, Solid Power, Inc. released a PowerPoint presentation on its website to be used in investor and analyst presentations. The company outlined its strategy to expand its electrolyte production capabilities, supported by a strong liquidity position and a DOE grant of up to $50 million. Solid Power’s technology is positioned to improve battery performance through increased energy density and safety, with plans to increase production capacity by the end of 2026. The company faces various risks, including the success of its R&D efforts and market adoption of its technology.

The most recent analyst rating on (SLDP) stock is a Buy 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 Amends Agreement with U.S. Department of Energy

On May 26, 2025, Solid Power Operating, Inc., a subsidiary of Solid Power, Inc., entered into an amendment with the U.S. Department of Energy to an existing assistance agreement. This amendment, effective May 15, 2025, requires Solid Power to provide timely and complete responses to periodic data requests from the DOE, impacting the company’s operational compliance and oversight responsibilities.

The most recent analyst rating on (SLDP) stock is a Buy 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 Holds Annual Stockholders Meeting

On May 21, 2025, Solid Power, Inc. held its annual meeting of stockholders where 95,086,185 of the 182,258,205 entitled shares were voted. During the meeting, stockholders elected four Class I directors, ratified Deloitte & Touche LLP as the independent accounting firm for the fiscal year ending December 31, 2025, and approved the compensation of the Company’s executive officers on a non-binding advisory basis.

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