Solid Power (SLDP) AI Stock Analysis

• Market Cap: $895.90M
• Dividend Yield: N/A
• Average Volume (3M): 9.54M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.82
• 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: 7,303,099
• 30 Day Avg. Volume: 9,541,006
• 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: 0.66
• Enterprise Value/Revenue: 28.69
• Enterprise Value/Gross Profit: 256.00
• Enterprise Value/Ebitda: -7.28
• 1Y Price Target: $7.00
• Price Target Upside: 7.53% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): -0.57
• Revenue Forecast (FY): $20.60M

• Rating: 51 Neutral
• Price Target: $5.00 ▼(-23.20% Downside)

Solid Power's overall stock score is primarily impacted by its financial challenges, including significant losses and negative cash flow trends. However, recent strategic partnerships and a DOE grant provide positive momentum and potential for future growth. Technical indicators suggest mixed signals, with short-term bearish momentum but some long-term support.

Positive Factors

Strategic Partnerships

The partnership with Samsung SDI and BMW enhances Solid Power's market position by leveraging industry expertise to commercialize ASSB technology, potentially improving energy density and safety, which could drive long-term growth.

DOE Grant for Electrolyte Production

The DOE grant supports Solid Power's expansion of electrolyte production, positioning it as an industry leader. This funding aids in scaling operations and meeting growing demand, which is crucial for long-term sustainability and competitiveness.

Low Leverage

A low debt-to-equity ratio indicates limited financial leverage, providing Solid Power with greater flexibility to invest in growth opportunities and weather economic downturns, supporting long-term financial health.

Negative Factors

Negative Cash Flow Trends

Negative cash flow trends highlight cash management issues, which can constrain Solid Power's ability to fund operations and growth initiatives, posing a risk to long-term financial stability.

Declining Revenue

Declining revenue growth reflects challenges in market adoption and competitive positioning, which could hinder Solid Power's ability to scale and achieve profitability in the long term.

Substantial Losses

Substantial losses and negative margins indicate ongoing profitability challenges, which could impede Solid Power's ability to invest in R&D and strategic initiatives necessary for future growth.

Solid Power Business Overview & Revenue Model

Company Description

Solid Power, Inc. is a leading developer of solid-state batteries for electric vehicles (EVs) and other energy storage applications. The company focuses on providing advanced battery technologies that enhance safety, energy density, and efficiency compared to traditional lithium-ion batteries. Solid Power operates primarily in the automotive and energy sectors, aiming to support the growing demand for sustainable energy solutions and the electrification of transportation.

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

Solid Power faces significant financial challenges, with declining revenues, substantial losses, and negative cash flow trends. While leverage is low, profitability and cash management remain critical concerns.

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: Neutral
• 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 Neutral. The current price of 6.51 is above the 20-day moving average (MA) of 4.98, above the 50-day MA of 5.72, and above the 200-day MA of 3.35, indicating a neutral trend. The MACD of -0.29 indicates Positive momentum. The RSI at 42.63 is Neutral, neither overbought nor oversold. The STOCH value of 17.55 is Positive, 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
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
EOSE	56 Neutral	$4.24B	-1.56	―	―	324.10%	-214.91%
ENVX	55 Neutral	$1.70B	-9.69	-68.95%	―	45.98%	44.14%
SLDP	51 Neutral	$895.90M	-8.75	-23.63%	―	25.24%	-12.96%
PLUG	51 Neutral	$3.06B	-1.01	-95.42%	―	2.53%	-2.83%
MVST	50 Neutral	$964.86M	-5.95	-35.82%	―	19.82%	-7.14%
ADSE	48 Neutral	$735.00M	-8.78	―	―	-69.30%	9.90%

Solid Power Corporate Events

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.

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.

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.