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Solid Power Inc. (SLDP)
:SLDP
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Solid Power (SLDP) AI Stock Analysis

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SLDP

Solid Power

(NASDAQ:SLDP)

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Neutral 58 (OpenAI - 4o)
Rating:58Neutral
Price Target:
$9.00
▲(38.25% Upside)
Solid Power's stock score is primarily impacted by its financial challenges, including declining revenues and substantial losses. However, strong technical momentum and positive developments in partnerships and liquidity provide some optimism. The valuation remains a concern due to negative earnings.
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 (SLDP) vs. SPDR S&P 500 ETF (SPY)

Solid Power Business Overview & Revenue Model

Company DescriptionSolid 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 MoneySolid 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 Earnings Call Summary

Earnings Call Date:Nov 04, 2025
(Q2-2025)
|
% Change Since: |
Next Earnings Date:Mar 03, 2026
Earnings Call Sentiment Neutral
The earnings call highlighted significant achievements with partnerships and revenue growth, supported by a strong liquidity position. However, these positives were offset by increased operating expenses and notable losses, leading to a cautiously optimistic outlook.
Q2-2025 Updates
Positive Updates
Partnership with BMW
Solid Power announced a significant achievement in their partnership with BMW, with the introduction of the i7 test vehicle powered by Solid Power's cells and solid-state battery technology.
Factory Acceptance Testing Completion
Completed factory acceptance testing of the SK On pilot line, a key milestone under the line installation agreement, supporting the development of solid-state cells.
Revenue Growth
Generated revenue of $7.5 million in Q2 2025, up from $6 million in Q1 2025, bringing year-to-date revenue to $13.5 million.
Reimbursements from U.S. Department of Energy
Received $3.3 million in reimbursements under the agreement with the U.S. Department of Energy for the electrolyte development project.
Strong Liquidity Position
Ended the quarter with total liquidity of $279.8 million as of June 30, 2025.
Negative Updates
Increased Operating Expenses
Operating expenses for Q2 were $33.4 million, up by $3.4 million from Q1 2025, driven by costs to support factory acceptance testing.
Operating and Net Loss
Operating loss year-to-date was $49.9 million and net loss was $40.5 million or $0.22 per share.
High Cash Investment
Invested $45.7 million year-to-date into operations and capital expenditures.
Company Guidance
During the Solid Power Second Quarter 2025 Earnings Conference Call, the company provided several updates on their operational and financial objectives. Solid Power announced a significant milestone in their partnership with BMW, introducing the i7 test vehicle powered by their cells and solid-state battery technology. They achieved factory acceptance testing of the SK On pilot line, a crucial step towards site acceptance testing expected later this year. Solid Power is progressing on their electrolyte development roadmap, with plans for a continuous manufacturing pilot line to expand production capacity to 75 metric tons. Financially, the company reported Q2 revenue of $7.5 million, up from $6 million in Q1, resulting in a year-to-date total of $13.5 million. Operating expenses increased to $33.4 million due to costs associated with factory acceptance testing. The operating loss year-to-date was $49.9 million, with a net loss of $40.5 million or $0.22 per share. Capital expenditures reached $5 million, primarily for the construction of an electrolyte production pilot line. Solid Power repurchased 3.3 million shares at an average price of $1.05, totaling $3.6 million, and ended the quarter with $279.8 million in liquidity.

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
35
Negative
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
55
Neutral
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
40
Negative
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.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue20.69M20.14M17.41M11.79M2.71M2.10M
Gross Profit2.32M-145.00K-10.32M2.20M-361.00K433.00K
EBITDA-76.42M-77.78M-52.73M-3.82M20.82M-11.83M
Net Income-96.98M-96.52M-65.55M-9.55M18.09M-14.38M
Balance Sheet
Total Assets416.14M448.25M532.79M594.45M617.68M14.21M
Cash, Cash Equivalents and Short-Term Investments251.21M118.20M176.04M323.08M589.33M4.97M
Total Debt8.21M9.41M9.55M10.05M130.00K6.34M
Total Liabilities34.95M37.94M29.46M39.07M59.02M10.34M
Stockholders Equity381.19M410.31M503.33M555.37M558.66M3.87M
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 Flow48.16M64.20M42.50M-429.99M-88.88M-1.06M
Financing Cash Flow30.02M-9.43M173.00K485.00K622.80M5.39M

Solid Power Technical Analysis

Technical Analysis Sentiment
Positive
Last Price6.51
Price Trends
50DMA
5.07
Positive
100DMA
4.25
Positive
200DMA
2.77
Positive
Market Momentum
MACD
0.46
Negative
RSI
55.87
Neutral
STOCH
59.49
Neutral
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 6.51 is above the 20-day moving average (MA) of 6.28, above the 50-day MA of 5.07, and above the 200-day MA of 2.77, indicating a bullish trend. The MACD of 0.46 indicates Negative momentum. The RSI at 55.87 is Neutral, neither overbought nor oversold. The STOCH value of 59.49 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
61
Neutral
$18.38B12.79-2.54%3.03%1.52%-15.83%
58
Neutral
$1.29B-23.63%25.24%-12.96%
54
Neutral
$1.72B-33.65%20.84%24.84%
52
Neutral
$4.41B324.10%-214.91%
47
Neutral
$3.09B-84.40%-1.70%9.93%
43
Neutral
$274.19M-29.51%78.82%-20.81%
40
Underperform
$274.35M-2.47-45.13%-14.27%-28.56%
* Consumer Cyclical Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
SLDP
Solid Power
6.86
5.70
491.38%
FCEL
Fuelcell Energy
7.52
0.02
0.27%
PLUG
Plug Power
2.65
0.59
28.64%
MVST
Microvast Holdings
4.93
4.75
2638.89%
EOSE
Eos Energy Enterprises
18.26
15.59
583.90%
NVX
NOVONIX Ltd Sponsored ADR
1.18
-0.70
-37.23%

Solid Power Corporate Events

Solid Power’s Q3 2025: Strategic Partnerships and Financial Highlights
Nov 5, 2025

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.

Business Operations and StrategyProduct-Related Announcements
Solid Power Partners with Samsung SDI and BMW
Positive
Oct 30, 2025

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.

Private Placements and Financing
Solid Power Initiates $150 Million Stock Offering
Neutral
Sep 5, 2025

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.

Solid Power’s Earnings Call: Progress Amid Challenges
Aug 8, 2025

Solid Power Inc.’s latest earnings call revealed a mixed sentiment. The company celebrated significant achievements, notably its partnership with BMW and the completion of key milestones, which contributed to increased revenue. However, these successes were overshadowed by challenges such as rising operating expenses and substantial losses.

Business Operations and StrategyProduct-Related Announcements
Solid Power Expands Electrolyte Production Strategy
Positive
Aug 7, 2025

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 Reports Progress Amid Financial Challenges
Aug 7, 2025

Solid Power, Inc., a developer of solid-state battery technology, is focused on advancing the next generation of batteries for electric vehicles and other markets, with a unique business model of selling electrolyte materials and licensing cell designs. In its second quarter of 2025, the company reported significant progress in its partnership with BMW, as well as advancements in its pilot production lines and ongoing demand for its electrolyte products. Financially, Solid Power achieved $7.5 million in revenue and grant income, marking an increase from the previous quarter, though it continues to operate at a loss with operating expenses rising to $33.4 million. Despite these losses, the company maintains a strong liquidity position with $279.8 million in total liquidity as of June 30, 2025. Looking ahead, Solid Power remains committed to its 2025 objectives, which include driving electrolyte innovation, expanding its production capabilities, and maintaining financial discipline to ensure long-term shareholder value.

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.Date of analysis: Nov 06, 2025