Solid Power (SLDP) AI Stock Analysis

• Market Cap: $737.83M
• Dividend Yield: N/A
• Average Volume (3M): 10.83M
• Price to Earnings (P/E): ―
• Beta (1Y): 2.04
• Revenue Growth: 14.82%
• EPS Growth: -19.27%
• Country: US
• Employees: 260
• Sector: Consumer Cyclical
• Sector Strength: 80
• Industry: Electrical Equipment & Parts
• EPS (TTM): -0.14
• Shares Outstanding: 181,284,380
• 10 Day Avg. Volume: 7,740,733
• 30 Day Avg. Volume: 10,834,415
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 0.23
• Enterprise Value/Revenue: 8.00
• Enterprise Value/Gross Profit: -1.68K
• Enterprise Value/Ebitda: -2.32
• 1Y Price Target: $4.75
• Price Target Upside: 20.87% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 58 Neutral
• Price Target: $5.50 ▲(39.95% 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

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 is viewed as a well-funded call option on all solid-state batteries, with industry momentum increasing.

Partnerships

SLDP and peers benefiting from increased all-solid state battery enthusiasm, with SLDP's cell and electrolyte partnerships both showing consistent progress.

Negative Factors

Political environment

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

Regulatory challenges

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 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: Positive
• Last Price: 3.93
• 50DMA: Positive
• 100DMA: Positive
• 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 Positive. The current price of 3.93 is below the 20-day moving average (MA) of 4.41, above the 50-day MA of 3.60, and above the 200-day MA of 1.90, indicating a neutral trend. The MACD of 0.15 indicates Positive momentum. The RSI at 47.32 is Neutral, neither overbought nor oversold. The STOCH value of 11.08 is Positive, 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 *	61 Neutral	$17.96B	13.14	-5.36%	3.00%	1.25%	-13.95%
SLDP	58 Neutral	$737.83M	―	-22.60%	―	14.82%	-19.27%
EOSE	56 Neutral	$1.95B	―	125.43%	―	128.49%	-697.81%
PLUG	53 Neutral	$1.71B	―	-84.40%	―	-1.70%	9.93%
MVST	51 Neutral	$858.93M	―	-33.65%	―	20.84%	24.84%
NVX	47 Neutral	$234.97M	―	-45.13%	―	-14.27%	-28.56%
FCEL	43 Neutral	$91.62M	―	-20.52%	―	48.62%	0.23%

Solid Power Corporate Events

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.