Solid Power (SLDP) AI Stock Analysis

• Market Cap: $270.84M
• Dividend Yield: N/A
• Average Volume (3M): 1.72M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.74
• Revenue Growth: 3.22%
• EPS Growth: -33.20%
• Country: US
• Employees: 260
• Sector: Industrials
• Sector Strength: 92
• Industry: Electrical Equipment & Parts
• EPS (TTM): -0.08
• Shares Outstanding: 179,362,080
• 10 Day Avg. Volume: 2,573,844
• 30 Day Avg. Volume: 1,724,559
• PEG Ratio: -0.02
• Price to Book (P/B): 0.57
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -2.95
• Enterprise Value/Market Cap: 0.82
• Enterprise Value/Revenue: 2.85
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: -0.85
• 1Y Price Target: $2.00
• Price Target Upside: 49.25% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 58 Neutral
• Price Target: $1.50 ▲( 11.94% Upside)

Solid Power faces financial challenges with ongoing losses and cash flow issues, impacting its overall attractiveness. While technical indicators show bullish momentum, overbought conditions suggest caution. Strategic initiatives like the DOE grant-funded expansion provide long-term growth potential, but financial health remains a concern.

Positive Factors

Financial Stability

SLDP's balance sheet provides a multi-year runway to all-solid state battery adoption as the EV market grows.

Industry Momentum

SLDP aims to capitalize on industry momentum by more aggressively leaning into their sulfide based electrolyte solution.

Strategic Positioning

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

EV Adoption Challenges

The likely trajectory of EV adoption in the US is flattening due to political headwinds.

Market Uncertainty

There is heightened uncertainty surrounding the strategic shift of de-prioritizing cell development.

Political Environment

Regulatory headwinds pushing against EV adoption have stiffened in the US due to the Trump administration's comments and posturing.

Solid Power Business Overview & Revenue Model

Company Description

Solid Power, Inc. (SLDP) is a leading developer and manufacturer of all-solid-state battery technology, focusing on delivering safer and more efficient energy storage solutions. Operating in the advanced battery sector, Solid Power's core products include solid-state batteries designed for electric vehicles (EVs), portable electronics, and other applications requiring high energy density and enhanced safety features. By leveraging its proprietary technology, Solid Power aims to revolutionize energy storage and drive the transition towards sustainable electric mobility.

How the Company Makes Money

Solid Power generates revenue primarily through the development and sale of its solid-state battery technology. The company's key revenue streams include product sales, licensing agreements, and strategic partnerships with automotive and electronics manufacturers. Solid Power collaborates with major industry players to integrate its battery solutions into electric vehicles and other electronics, leading to ongoing partnerships that contribute to its earnings. Additionally, the company may engage in joint development agreements and receive funding from research grants to support its technological advancements and commercialization efforts.

Solid Power Financial Statement Overview

Summary

Solid Power demonstrates growth in revenue but continues to face profitability challenges and cash flow issues. The balance sheet is robust with low leverage, but declining equity raises concerns. The company needs to address its cash management and operational efficiency to improve its financial health.

Income Statement

Solid Power shows revenue growth from $17.41M in 2023 to $20.14M in 2024, indicating positive momentum. However, the company consistently reports negative net income with a net profit margin of -479% in 2024. The EBIT margin is also negative at -523%, reflecting ongoing operational losses. Gross profit margins have improved, but the overall profitability remains challenged.

Balance Sheet

The balance sheet reveals a strong equity base, with a debt-to-equity ratio of 0.02, indicating minimal reliance on debt. The equity ratio stands at 127%, showing that equity finances the majority of assets. However, a decrease in stockholders' equity from $503.34M in 2023 to $410.28M in 2024 indicates potential risks.

Cash Flow

Operating cash flow is consistently negative, with a decline from -$58.26M in 2023 to -$63.90M in 2024. Free cash flow also remains negative, reflecting ongoing cash burn. Despite these challenges, the company has managed to maintain positive investing cash flows, suggesting strategic asset management.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
20.14M	17.41M	11.79M	2.71M	2.10M
	Gross Profit
-145.00K	-10.32M	2.20M	-361.00K	432.63K
	EBIT
-105.33M	-90.62M	-59.12M	-26.55M	-11.59M
	EBITDA
-77.77M	-52.72M	-3.82M	20.82M	-11.82M
	Net Income Common Stockholders
-96.52M	-65.55M	-9.55M	18.09M	-14.37M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
118.20M	176.04M	323.08M	589.33M	4.97M
	Total Assets
451.53M	532.79M	594.45M	617.68M	14.21M
	Total Debt
9.41M	9.55M	10.05M	130.00K	6.34M
	Net Debt
-16.01M	-24.98M	-40.07M	-513.32M	1.36M
	Total Liabilities
37.97M	29.46M	39.07M	59.02M	10.33M
	Stockholders Equity
410.28M	503.33M	555.37M	558.66M	3.87M
Cash Flow		Free Cash Flow
-79.84M	-93.33M	-92.62M	-38.44M	-11.05M
	Operating Cash Flow
-63.90M	-58.26M	-33.82M	-25.44M	-9.99M
	Investing Cash Flow
64.20M	42.50M	-429.99M	-88.88M	-1.06M
	Financing Cash Flow
-9.43M	173.00K	485.00K	622.80M	5.39M

Solid Power Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.34
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• 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 1.34 is above the 20-day moving average (MA) of 1.27, above the 50-day MA of 1.16, and above the 200-day MA of 1.29, indicating a bullish trend. The MACD of 0.07 indicates Negative momentum. The RSI at 71.48 is Negative, neither overbought nor oversold. The STOCH value of 38.97 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
MVST	66 Neutral	$1.29B	―	-26.38%	―	21.69%	-28.26%
Sector *	64 Neutral	$4.39B	11.81	5.20%	249.38%	3.96%	-12.36%
SLDP	58 Neutral	$270.84M	―	-20.64%	―	3.22%	-33.20%
FCEL	58 Neutral	$124.48M	―	-18.96%	―	11.09%	0.41%
PLUG	46 Neutral	$862.57M	―	-83.81%	―	-19.85%	4.94%
EOSE	45 Neutral	$1.45B	―	125.43%	―	37.60%	-161.38%
NVX	42 Neutral	$200.40M	―	-47.77%	―	-27.50%	-58.61%

Solid Power Corporate Events

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.