Solid Power Inc. (SLDP)
NASDAQ:SLDP
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Solid Power
(NASDAQ:SLDP)
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Rating:50Neutral
Price Target:
$3.00
▼(-10.98% Downside)
Action:Reiterated
Date:05/22/26
SLDP scores below average primarily due to weak financial performance (declining revenue, negative margins, and significant cash burn) and bearish technicals (below key moving averages with negative MACD). These are partially offset by earnings-call positives—strong liquidity runway and tangible partner/pilot-line milestones—but near-term commercialization scale and profitability remain uncertain.
Positive Factors
Balance Sheet Strength
Very low leverage and a sizeable equity base give Solid Power durable financial flexibility to fund multi-year R&D, pilot construction and commercialization runway without immediate refinancing. This supports continued technology development even before profitable scale is achieved.
Negative Factors
Cash Burn & Weak Cash Generation
Sustained negative operating and free cash flows indicate structural cash consumption as the company scales development and pilot activities. Continued burn increases the probability of future financing, dilutive capital raises or partner-funded investments, constraining strategic optionality over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Strength
Very low leverage and a sizeable equity base give Solid Power durable financial flexibility to fund multi-year R&D, pilot construction and commercialization runway without immediate refinancing. This supports continued technology development even before profitable scale is achieved.
Read all positive factors
Solid Power (SLDP) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$688.45M
Dividend YieldN/A
Average Volume (3M)8.27M
Price to Earnings (P/E)―
Beta (1Y)1.77
Revenue Growth-6.92%
EPS Growth4.50%
CountryUS
Employees260
SectorConsumer Cyclical
Sector Strength84
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)-0.49
Shares Outstanding224,983,690
10 Day Avg. Volume7,087,671
30 Day Avg. Volume8,270,164
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/Revenue28.80
Enterprise Value/Gross Profit-70.39
Enterprise Value/Ebitda-6.51
Forecast
1Y Price Target
$7.00Price Target Upside107.72% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-0.42
Revenue Forecast (FY)$7.57M
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 primarily aims to generate revenue by commercializing its solid-state battery materials and by monetizing its battery technology through collaborations with industry partners. Key revenue streams include: (1) Sales of solid electrolyte...
Solid Power Earnings Call Summary
Earnings Call Date:May 05, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 11, 2026
Earnings Call Sentiment Positive
The call conveyed meaningful operational progress and solid financial runway while still reflecting early-stage commercialization dynamics. Key positive points include completion of site acceptance testing with SK On, deployment of cell production lines on three continents, progress toward commissioning a continuous electrolyte pilot line (SP2.5), active customer engagements (including Samsung SDI and BMW), and strong liquidity ($435.3M including $121.3M raised). Offsetting these positives are a sizeable operating loss ($26.3M), a net loss ($13.0M) relative to modest revenue ($3.1M), limited committed supply volumes (8 metric tons to SK On), and continued uncertainty around North American demand and full 2026 CapEx disclosure. Overall, operational milestones and cash runway materially improve the company's outlook, but execution and scaling risks remain.Positive Updates
Completed Site Acceptance Testing with SK On
Completed site acceptance testing (SAT) in early April for the SK On line installation agreement, transitioning operation of the line to SK On and positioning Solid Power to support their cell development and move toward a long-term electrolyte supply agreement.
Negative Updates
Operating Loss Remains Large
Reported operating loss of $26.3 million for Q1 2026, indicating significant ongoing investment and burn relative to current revenue levels.
Read all updates
Q1-2026 Updates
Positive
Negative
Completed Site Acceptance Testing with SK On
Completed site acceptance testing (SAT) in early April for the SK On line installation agreement, transitioning operation of the line to SK On and positioning Solid Power to support their cell development and move toward a long-term electrolyte supply agreement.
Read all positive updates
Company Guidance
Management's guidance focused on commissioning the SP2.5 continuous electrolyte pilot line by year‑end 2026 (factory acceptance testing complete, construction underway) and did not provide a standalone 2026 CapEx figure (Q1 CapEx was $1.7M, net of DOE reimbursement), with SP2.5 the largest planned capital item supported by grant funding; Q1 results were revenue and grant income $3.1M, operating expenses $29.4M (vs. $30.0M in 2025), operating loss $26.3M, net loss $13.0M (−$0.06 per share), and liquidity totaled $435.3M (including $121.3M net proceeds from a January registered direct offering), contract assets and accounts receivable $12.7M, and current liabilities $17.1M. They completed SK On site acceptance testing in early April, noted cell production lines using their technology on three continents, are supplying Samsung SDI under the BMW three‑way evaluation, have an 8‑metric‑ton R&D electrolyte supply commitment to SK On through 2027, and are evaluating partners for a potential 500‑metric‑ton commercial electrolyte facility in Korea.Solid Power Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
72
Positive
Cash Flow
24
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 18.80M | 21.75M | 20.14M | 17.41M | 11.79M | 2.71M |
| Gross Profit | -7.69M | 1.10M | -145.00K | -10.32M | 2.20M | -361.00K |
| EBITDA | -83.18M | -81.02M | -88.87M | -78.66M | -53.94M | -24.19M |
| Net Income | -91.29M | -93.41M | -96.52M | -65.55M | -9.55M | 18.09M |
Balance Sheet | ||||||
| Total Assets | 554.73M | 457.78M | 448.25M | 532.79M | 594.45M | 617.68M |
| Cash, Cash Equivalents and Short-Term Investments | 255.41M | 251.21M | 118.20M | 176.04M | 323.08M | 589.33M |
| Total Debt | 7.98M | 8.26M | 9.41M | 9.55M | 10.05M | 130.00K |
| Total Liabilities | 29.27M | 41.61M | 37.94M | 29.46M | 39.07M | 59.02M |
| Stockholders Equity | 525.46M | 415.70M | 410.31M | 503.33M | 555.37M | 558.66M |
Cash Flow | ||||||
| Free Cash Flow | -74.90M | -83.60M | -80.28M | -93.33M | -92.62M | -38.44M |
| Operating Cash Flow | -65.86M | -73.39M | -63.90M | -58.26M | -33.82M | -25.44M |
| Investing Cash Flow | -142.68M | -19.90M | 64.20M | 42.50M | -429.99M | -88.88M |
| Financing Cash Flow | 210.59M | 89.48M | -9.43M | 173.00K | 485.00K | 622.80M |
Solid Power Technical Analysis
Neutral
3.37
Price Trends
3.15
Negative
3.72
Negative
4.37
Negative
Market Momentum
-0.12
Positive
48.49
Neutral
58.83
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 3.37 is above the 20-day moving average (MA) of 3.14, above the 50-day MA of 3.15, and below the 200-day MA of 4.37, indicating a bearish trend. The MACD of -0.12 indicates Positive momentum. The RSI at 48.49 is Neutral, neither overbought nor oversold. The STOCH value of 58.83 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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% | |
55 Neutral | $486.41M | 2.59 | -10.76% | ― | -10.44% | 67.16% | |
53 Neutral | $2.74B | 0.83 | 41.50% | ― | 725.76% | 20.97% | |
53 Neutral | $1.46B | -8.17 | -0.28% | ― | 49.88% | 27.54% | |
51 Neutral | $5.27B | -3.20 | -139.28% | ― | 15.19% | 42.87% | |
50 Neutral | $688.45M | -0.01 | -21.56% | ― | -6.92% | 4.50% | |
49 Neutral | $718.59M | -10.42 | 491.82% | ― | -69.97% | 45.77% |
* Consumer Cyclical Sector Average
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Solid Power Corporate Events
Executive/Board ChangesShareholder Meetings
Solid Power Shareholders Back Board, Auditors and Pay
Positive
May 21, 2026
On May 20, 2026, Solid Power, Inc. held its 2026 annual meeting of stockholders, with 116,367,028 of 224,519,421 eligible shares represented. Shareholders elected Class II directors Steven Goldberg, Aleksandra Miziolek, and MaryAnn Wright, confirm...
Business Operations and StrategyFinancial Disclosures
Solid Power Highlights Electrolyte-Focused Strategy in New Overview
Positive
May 7, 2026
On May 7, 2026, Solid Power published a new Company Overview presentation for use in meetings with investors and analysts, outlining its business model centered on manufacturing and selling sulfide-based solid electrolytes instead of producing ful...
Executive/Board Changes
Solid Power Announces Planned Retirement of Longtime Board Director
Neutral
Apr 24, 2026
On April 20, 2026, Solid Power, Inc. announced that director Rainer Feurer had notified the company of his intention to retire from its Board of Directors, effective June 30, 2026. The company emphasized that Feurer’s departure was not due t...
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...
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.