Solidion Technology (STI) AI Stock Analysis

• Market Cap: $60.84M
• Dividend Yield: N/A
• Average Volume (3M): 372.15K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.66
• Revenue Growth: N/A
• EPS Growth: 98.03%
• Country: US
• Employees: 28
• Sector: Industrials
• Sector Strength: 72
• Industry: Electrical Equipment & Parts
• EPS (TTM): -0.32
• Shares Outstanding: 7,465,283
• 10 Day Avg. Volume: 98,746
• 30 Day Avg. Volume: 372,151
• PEG Ratio: -0.01
• Price to Book (P/B): -3.03
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -9.11
• Enterprise Value/Market Cap: 0.00
• Enterprise Value/Revenue: 0.00
• Enterprise Value/Gross Profit: 0.00
• Enterprise Value/Ebitda: 0.00
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 26 Underperform
• Price Target: ―

Solidion Technology's overall stock score is significantly hampered by its financial performance, marked by no revenue and substantial net losses. Technical indicators reflect a bearish trend, while valuation is negatively impacted by ongoing losses. Corporate events provide a slight positive with strategic leadership changes and Nasdaq compliance, but these are outweighed by the critical financial and technical challenges.

Positive Factors

Strategic Leadership Changes

The appointment of new chief officers is aimed at strategic growth, potentially enhancing the company's innovation and market positioning.

Nasdaq Compliance

Regaining compliance with Nasdaq requirements helps stabilize the company's market position and reassures stakeholders of its operational viability.

Strategic Partnerships

Collaborative R&D projects and strategic partnerships enhance innovation, leading to potential new revenue streams and competitive advantages.

Negative Factors

Negative Equity

Negative equity indicates a highly leveraged position, with liabilities exceeding assets, posing a risk to financial stability and long-term viability.

No Revenue Generation

Lack of revenue generation over two years highlights significant challenges in business operations and market demand, affecting long-term growth prospects.

Consistent Net Losses

Ongoing net losses reflect operational inefficiencies and financial distress, challenging the company's ability to achieve profitability and sustain operations.

Solidion Technology Business Overview & Revenue Model

Company Description

Solidion Technology Inc. engages in the development and supply of battery materials, components, cells, and selected module/pack technologies. Its products include advanced anode materials; three classes of solid-state batteries, including silicon-rich all-solid-state lithium-ion cells; anode less lithium metal cells; and lithium-sulfur cells. The company was formerly known as Honeycomb Battery Company and changed its name to Solidion Technology Inc. in February 2024. The company was incorporated in 2014 and is based in Dayton, Ohio. Solidion Technology Inc. operates as a subsidiary of Global Graphene Group, Inc.

How the Company Makes Money

Solidion Technology generates revenue through the sale of its semiconductor products and electronic components to a diverse range of industries. The company's primary revenue streams include direct sales to original equipment manufacturers (OEMs), licensing of proprietary technologies, and strategic partnerships with industry leaders. Additionally, STI engages in collaborative research and development projects that often result in shared intellectual property rights and subsequent licensing fees. The company's ability to maintain strong relationships with key clients and partners, coupled with its continuous investment in cutting-edge technology, contributes significantly to its earnings.

Solidion Technology Financial Statement Overview

Summary

Solidion Technology is facing severe financial difficulties with no revenue and significant net losses. The balance sheet shows a critical leverage issue with negative equity. While temporary liquidity is maintained through financing, the underlying cash flow problems remain a substantial concern.

Income Statement

Solidion Technology has shown consistent net losses over the years with a net income of -25.93 million in the latest year. The company has not generated any revenue in the past two years, indicating significant challenges in revenue generation and profitability.

Balance Sheet

The balance sheet reflects a negative stockholders' equity of -22.90 million, indicating a highly leveraged position with liabilities exceeding assets. The debt-to-equity ratio cannot be accurately calculated due to negative equity, and the overall financial stability is concerning.

Cash Flow

The cash flow statement shows negative operating and free cash flow, implying poor cash generation from operations. However, the company has managed to secure financing, which is temporarily supporting liquidity but not addressing underlying operational cash flow issues.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	13.35K	0.00	6.94K	0.00	0.00
Gross Profit	-251.86K	-350.51K	-545.91K	0.00	0.00
EBITDA	-7.64M	-25.21M	-4.77M	933.80K	-1.43K
Net Income	-8.56M	-25.93M	-5.32M	593.90K	-1.43K
Balance Sheet
Total Assets	5.17M	8.04M	4.43M	128.58M	180.34K
Cash, Cash Equivalents and Short-Term Investments	160.51K	3.35M	780.00	545.65K	0.00
Total Debt	1.91M	2.45M	0.00	125.34K	125.34K
Total Liabilities	22.49M	30.86M	1.02M	5.23M	156.77K
Stockholders Equity	-17.33M	-22.82M	3.41M	123.35M	23.57K
Cash Flow
Free Cash Flow	-5.55M	-7.62M	-4.44M	-725.10K	-3.09M
Operating Cash Flow	-5.31M	-7.38M	-4.07M	-725.10K	-2.83M
Investing Cash Flow	-269.02K	-246.07K	-376.15K	-125.97M	-261.50K
Financing Cash Flow	4.55M	10.98M	3.82M	127.24M	3.06M

Solidion Technology Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 9.05
• 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 STI, the sentiment is Positive. The current price of 9.05 is above the 20-day moving average (MA) of 7.49, below the 50-day MA of 9.08, and above the 200-day MA of 6.34, indicating a neutral trend. The MACD of -0.06 indicates Negative momentum. The RSI at 55.58 is Neutral, neither overbought nor oversold. The STOCH value of 44.17 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for STI.

Solidion Technology Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
OESX	56 Neutral	$60.02M	-7.71	-45.94%	―	-12.77%	23.37%
GWH	43 Neutral	$37.47M	-0.36	-265.36%	―	-3.53%	24.37%
XPON	42 Neutral	$8.69M	-1.14	-35.47%	―	109.37%	99.34%
POLA	41 Neutral	$5.16M	-0.59	-119.92%	―	-44.32%	-49.47%
STI	26 Underperform	$60.84M	-2.35	―	―	―	98.03%

Solidion Technology Corporate Events

Solidion Technology Converts Warrants to Common Stock

On October 8, 2025, Solidion Technology announced the conversion of all outstanding Series C and D Warrants into common stock, eliminating 3.4 million warrants and enhancing shareholder value. This restructuring, involving Madison Bond LLC and Bayside Project LLC, strengthens Solidion’s balance sheet by removing $10 million in derivative liabilities and provides future financing flexibility. Additionally, the company issued bonus shares to directors and employees in recognition of past service, and 450,000 shares to Global Graphene Group as part of a merger agreement. Solidion also addressed Nasdaq compliance issues by transferring its listing to The Nasdaq Capital Market.