Solid Power (SLDP) AI Stock Analysis

• Market Cap: $821.22M
• Dividend Yield: N/A
• Average Volume (3M): 9.93M
• Price to Earnings (P/E): ―
• Beta (1Y): 2.03
• Revenue Growth: 14.82%
• EPS Growth: -19.27%
• Country: US
• Employees: 260
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Electrical Equipment & Parts
• EPS (TTM): -0.14
• Shares Outstanding: 181,284,380
• 10 Day Avg. Volume: 11,411,490
• 30 Day Avg. Volume: 9,929,570
• 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: 0.21
• Enterprise Value/Revenue: 8.00
• Enterprise Value/Gross Profit: -1.68K
• Enterprise Value/Ebitda: -2.32
• 1Y Price Target: $4.00
• Price Target Upside: -6.98% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 58 Neutral
• Price Target: $5.50 ▲(27.91% Upside)

Solid Power's overall stock score is primarily impacted by its weak financial performance, characterized by profitability and cash flow challenges. Despite these issues, the stock shows positive technical momentum and has potential growth opportunities through strategic partnerships and production expansion. However, valuation concerns and operational risks temper the outlook.

Positive Factors

Strategic Partnerships

The partnership with BMW enhances Solid Power's market position in the automotive sector, potentially increasing adoption of its technology and driving long-term revenue growth.

Revenue Growth

Consistent revenue growth indicates expanding market reach and successful commercialization efforts, supporting the company's long-term financial health.

Strong Liquidity Position

A strong liquidity position provides Solid Power with the financial flexibility to invest in R&D and expansion, crucial for sustaining growth and competitive advantage.

Negative Factors

Profitability Challenges

Ongoing losses highlight profitability challenges, which may hinder the company's ability to reinvest in growth and maintain competitive positioning over time.

Cash Flow Concerns

Weak cash flow limits Solid Power's ability to fund operations and strategic initiatives, potentially impacting long-term sustainability and growth prospects.

High Operating Expenses

Rising operating expenses can erode margins and profitability, posing a risk to financial health and necessitating efficiency improvements for sustainable growth.

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 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 is experiencing growth in revenue but is struggling with profitability and cash flow. The low leverage is a positive aspect, but the company needs to address its operational inefficiencies to improve margins and cash flow. The financial health is currently weak, with significant room for improvement.

Income Statement

Solid Power has shown some revenue growth, with a 6.98% increase in the TTM period. However, the company is struggling with profitability, as indicated by negative net profit margins and EBIT margins. The gross profit margin is slightly positive, but overall, the company is facing significant challenges in achieving profitability.

Balance Sheet

The company's balance sheet shows a low debt-to-equity ratio, indicating low leverage, which is a positive sign. However, the return on equity is negative, reflecting ongoing losses. The equity ratio is relatively stable, suggesting a solid capital structure despite profitability issues.

Cash Flow

Solid Power's cash flow situation is concerning, with negative operating and free cash flows. The free cash flow to net income ratio is positive, indicating that cash flow is somewhat aligned with net income, but the overall cash flow position remains weak.

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: Neutral
• Last Price: 4.30
• 50DMA: Negative
• 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 Neutral. The current price of 4.3 is above the 20-day moving average (MA) of 4.03, above the 50-day MA of 4.03, and above the 200-day MA of 2.10, indicating a neutral trend. The MACD of 0.03 indicates Negative momentum. The RSI at 48.36 is Neutral, neither overbought nor oversold. The STOCH value of 62.43 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
SLDP	58 Neutral	$821.22M	―	-22.60%	―	14.82%	-19.27%
EOSE	56 Neutral	2.97B	-2.04	77.98%	―	128.49%	-697.81%
MVST	54 Neutral	1.29B	-8.77	-38.32%	―	20.84%	24.84%
PLUG	50 Neutral	2.84B	-1.13	-117.21%	―	-1.70%	9.93%
FCEL	47 Neutral	280.00M	-0.94	-36.15%	―	78.82%	-20.81%
NVX	45 Neutral	199.56M	-2.71	-54.38%	―	-14.27%	-28.56%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%

Solid Power Corporate Events

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.

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.