Solid Power (SLDP) AI Stock Analysis

• Market Cap: $991.41M
• Dividend Yield: N/A
• Average Volume (3M): 5.53M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.84
• Revenue Growth: 25.24%
• EPS Growth: -12.96%
• Country: US
• Employees: 260
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Electrical Equipment & Parts
• EPS (TTM): -0.14
• Shares Outstanding: 191,023,570
• 10 Day Avg. Volume: 6,223,858
• 30 Day Avg. Volume: 5,527,189
• 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: 0.89
• Enterprise Value/Revenue: 42.56
• Enterprise Value/Gross Profit: 379.78
• Enterprise Value/Ebitda: -10.80
• 1Y Price Target: $7.00
• Price Target Upside: 7.53% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 45 Neutral
• Price Target: $4.50 ▼(-30.88% Downside)

The score is primarily held down by weak financial performance—sharp revenue contraction, very large losses, and concerning cash flow trends. Technical signals also lean bearish with the stock trading below key moving averages and modest momentum. Corporate events provide some offset through improved funding and strong strategic partnerships, but potential dilution tempers the benefit.

Positive Factors

Strategic OEM and cell partner agreements

Partnerships with Samsung SDI and BMW provide credible validation, technical integration pathways, and potential demand from OEMs. BMW's board nomination right increases strategic alignment, materially reducing commercialization risk and improving chances of scaled automotive adoption over the medium term.

Government grant supporting manufacturing scale-up

A DOE grant of up to $50M to expand sulfide electrolyte capacity lowers the funding burden for critical manufacturing scale-up. This strengthens production readiness, supports unit-cost declines with volume, and improves competitiveness in solid-state electrolyte supply over 2–6 months and beyond.

Very low financial leverage

Extremely low debt gives the company structural financial flexibility to fund capital-intensive R&D and capacity expansion without heavy interest burdens. This reduces refinancing risk and supports continued investment while commercialization milestones are pursued.

Negative Factors

Severe revenue decline and negative margins

A deep revenue contraction and massively negative margins indicate the core business is not scaling to cover fixed costs. Persistent operating losses erode equity, consume cash, and make long-term viability contingent on successful commercialization or sustained external financing.

Deteriorating cash flow and cash burn

Negative FCF growth and operating cash outflows well below reported losses show ongoing cash burn. Even with low leverage, sustained negative cash generation forces recurring capital raises, constraining runway, limiting reinvestment, and increasing execution risk for scale-up efforts.

Material dilution from recent securities offering

The $130M financing meaningfully expands the potential share base through shares and multiple warrant tranches. While it bolsters liquidity for development, it structurally dilutes existing equity, can depress per-share economics, and increases future capital needs if warrants convert.

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 and products. The company's revenue model includes partnerships with major automotive manufacturers and other industry players who are interested in integrating Solid Power's battery solutions into their electric vehicles. Additionally, Solid Power engages in research and development contracts, providing tailored solutions and technology to partners. Key revenue streams include licensing agreements, product sales, and potential joint ventures, which leverage Solid Power's innovative battery technology to meet the increasing market demand for efficient and safe energy storage systems.

Solid Power Financial Statement Overview

Summary

Financials are weak: revenue declined sharply (-42.1% TTM) and profitability is deeply negative (net margin -450.6%, EBIT margin -446.7%). Cash flow trends are also concerning (free cash flow growth -23.22% TTM). A key offset is low leverage (debt-to-equity 0.0215), but losses and cash burn dominate.

Income Statement

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

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

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.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	20.69M	20.14M	17.41M	11.79M	2.71M	2.10M
Gross Profit	2.32M	-145.00K	-10.32M	2.20M	-361.00K	433.00K
EBITDA	-81.58M	-88.87M	-78.66M	-53.94M	-24.19M	-9.53M
Net Income	-96.98M	-96.52M	-65.55M	-9.55M	18.09M	-14.38M
Balance Sheet
Total Assets	416.14M	448.25M	532.79M	594.45M	617.68M	14.21M
Cash, Cash Equivalents and Short-Term Investments	251.21M	118.20M	176.04M	323.08M	589.33M	4.97M
Total Debt	8.21M	9.41M	9.55M	10.05M	130.00K	6.34M
Total Liabilities	34.65M	37.94M	29.46M	39.07M	59.02M	10.34M
Stockholders Equity	381.50M	410.31M	503.33M	555.37M	558.66M	3.87M
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 Flow	48.16M	64.20M	42.50M	-429.99M	-88.88M	-1.06M
Financing Cash Flow	30.02M	-9.43M	173.00K	485.00K	622.80M	5.39M

Solid Power Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 6.51
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SLDP, the sentiment is Negative. The current price of 6.51 is above the 20-day moving average (MA) of 5.20, above the 50-day MA of 5.08, and above the 200-day MA of 3.85, indicating a neutral trend. The MACD of 0.04 indicates Positive momentum. The RSI at 41.73 is Neutral, neither overbought nor oversold. The STOCH value of 12.38 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SLDP.

Solid Power Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
EOSE	59 Neutral	$4.86B	-2.00	―	―	324.10%	-214.91%
ENVX	54 Neutral	$1.56B	-8.87	-68.95%	―	45.98%	44.14%
MVST	52 Neutral	$935.32M	-5.64	-35.82%	―	19.82%	-7.14%
PLUG	48 Neutral	$3.35B	―	-95.42%	―	2.53%	-2.83%
ADSE	48 Neutral	$738.91M	-9.18	―	―	-69.30%	9.90%
SLDP	45 Neutral	$991.41M	-8.87	-23.63%	―	25.24%	-12.96%

Solid Power Corporate Events

Solid Power Announces $130 Million Securities Offering Agreement

On January 28, 2026, Solid Power announced it had entered into a securities purchase agreement with a single sector-focused institutional investor to raise approximately $130 million in gross proceeds through the issuance of 17 million common shares, pre-funded warrants for up to about 5.8 million additional shares, and common warrants for up to roughly 45.6 million shares at an exercise price of $7.25. The transaction, expected to close around January 29, 2026 subject to customary conditions, will significantly expand the company’s potential share base while adding to an existing unaudited liquidity position of about $336.5 million as of December 31, 2025, bolstering working capital and general corporate funding as Solid Power continues its capital-intensive solid-state battery development in a market characterized by technological, competitive, regulatory, and execution risks highlighted in its risk disclosures.

The most recent analyst rating on (SLDP) stock is a Hold with a $6.00 price target. To see the full list of analyst forecasts on Solid Power stock, see the SLDP Stock Forecast page.

Solid Power Updates Executive Severance Plans

On November 19, 2025, Solid Power, Inc. announced amendments to its Executive Change in Control and Severance Plan, originally adopted in August 2021, by creating two separate plans: the Severance Benefit Plan and the Change in Control Severance Plan for Executives. These plans, effective October 31, 2025, and November 19, 2025, respectively, provide specific severance benefits for the CEO and other executives in cases of involuntary termination or change in control, impacting the company’s executive compensation structure.

The most recent analyst rating on (SLDP) stock is a Hold with a $5.00 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 November 5, 2025, Solid Power, Inc. published a PowerPoint presentation on its website, intended for use in investor and analyst presentations. The presentation outlines the company’s strategy to expand its electrolyte production capabilities, supported by a DOE grant of up to $50 million. Solid Power’s focus on sulfide-based solid electrolytes positions it as a leader in the industry, with plans to increase production capacity and collaborate with major automotive and battery manufacturers. Despite its promising technology, the company faces risks related to research and development success, financial losses, and market adoption challenges.

The most recent analyst rating on (SLDP) stock is a Hold with a $8.50 price target. To see the full list of analyst forecasts on Solid Power stock, see the SLDP Stock Forecast page.

Solid Power Partners with Samsung SDI and BMW

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.