Solid Power (SLDP) AI Stock Analysis

• Market Cap: $313.88M
• Dividend Yield: N/A
• Average Volume (3M): 4.35M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.72
• Revenue Growth: 3.22%
• EPS Growth: -33.20%
• Country: US
• Employees: 260
• Sector: Industrials
• Sector Strength: 85
• Industry: Electrical Equipment & Parts
• EPS (TTM): -0.08
• Shares Outstanding: 179,362,080
• 10 Day Avg. Volume: 6,781,322
• 30 Day Avg. Volume: 4,352,879
• PEG Ratio: 0.00
• Price to Book (P/B): 129.89
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -143.07
• Enterprise Value/Market Cap: 1.28
• Enterprise Value/Revenue: 5.16
• Enterprise Value/Gross Profit: 266.43
• Enterprise Value/Ebitda: -1.46
• 1Y Price Target: $2.00
• Price Target Upside: 14.29% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 60 Neutral
• Price Target: $2.00 ▲(14.29%Upside)

Solid Power's overall score is driven by strong technical indicators and positive corporate events, partially offset by weak financial performance and valuation concerns. The company's strategic advancements and robust liquidity provide a foundation for potential long-term growth, though immediate financial challenges persist.

Positive Factors

Financial Stability

SLDP has approximately $350 million in cash and cash equivalents, providing enough funding to run the business into '28 at current burn rates.

Market Position

SLDP is uniquely positioned with leverage to battery cell designs at OEM partners and electrolyte solutions sales as OEMs and battery manufacturers advance their own designs.

Negative Factors

Political Environment

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 is experiencing consistent operating losses and cash flow challenges, despite a strong equity position. The company needs to focus on improving profitability and cash generation.

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
20.20M	20.14M	17.41M	11.79M	2.71M	2.10M
	Gross Profit
1.51M	-145.00K	-10.32M	2.20M	-361.00K	432.63K
	EBIT
-103.58M	-105.33M	-90.62M	-59.12M	-26.55M	-11.59M
	EBITDA
-70.88M	-77.78M	-52.73M	-3.82M	20.82M	-11.82M
	Net Income Common Stockholders
-90.46M	-96.52M	-65.55M	-9.55M	18.09M	-14.37M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
240.94M	118.20M	176.04M	323.08M	589.33M	4.97M
	Total Assets
419.39M	448.25M	532.79M	594.45M	617.68M	14.21M
	Total Debt
8.68M	9.41M	9.55M	10.05M	130.00K	6.34M
	Net Debt
-20.78M	-16.01M	-24.98M	-40.07M	-513.32M	1.36M
	Total Liabilities
22.27M	37.94M	29.46M	39.07M	59.02M	10.33M
	Stockholders Equity
397.12M	410.31M	503.33M	555.37M	558.66M	3.87M
Cash Flow		Free Cash Flow
-76.13M	-80.28M	-93.33M	-92.62M	-38.44M	-11.05M
	Operating Cash Flow
-61.13M	-63.90M	-58.26M	-33.82M	-25.44M	-9.99M
	Investing Cash Flow
81.06M	64.20M	42.50M	-429.99M	-88.88M	-1.06M
	Financing Cash Flow
-4.50M	-9.43M	173.00K	485.00K	622.80M	5.39M

Solid Power Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.75
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: 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 1.75 is above the 20-day moving average (MA) of 1.54, above the 50-day MA of 1.30, and above the 200-day MA of 1.30, indicating a bullish trend. The MACD of 0.12 indicates Negative momentum. The RSI at 61.99 is Neutral, neither overbought nor oversold. The STOCH value of 67.72 is Neutral, 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 *	66 Neutral	$4.47B	12.21	5.40%	3.65%	4.14%	-12.00%
SLDP	60 Neutral	$313.88M	―	-20.64%	―	3.22%	-33.20%
MVST	55 Neutral	$1.32B	―	-26.38%	―	21.69%	-28.26%
PLUG	52 Neutral	$1.48B	―	-83.81%	―	-19.85%	4.94%
FCEL	47 Neutral	$137.43M	―	-20.52%	―	48.62%	0.23%
EOSE	43 Neutral	$992.75M	―	125.43%	―	37.60%	-161.38%
NVX	40 Underperform	$169.05M	―	-47.77%	―	-27.50%	-58.61%

Solid Power Corporate Events

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.

Solid Power Expands Electrolyte Production with DOE Grant

On March 19, 2025, Solid Power published a PowerPoint presentation outlining its strategic focus on expanding electrolyte production capabilities and enhancing its market position in the solid-state battery sector. The company plans to increase its pilot electrolyte manufacturing capacity and has secured a DOE grant to support this expansion. Solid Power’s technology is positioned to meet the growing demand for sulfide-based chemistries in the automotive and battery manufacturing industries, with partnerships established to integrate into the Asian battery ecosystem.