Solid Power(SLDP)

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Solid Power: BMW's Demo Car Could Charge A Stock Rebound
Seeking Alpha· 2024-07-10 05:51
SLDP's Share Price and Market Performance - SLDP's share price has declined by 80% since its IPO in 2021, despite significant progress in its battery program [7][10] - The company's shares are up 19% year-to-date, outperforming the Russel 2000 index, but still trading at a 40% discount to its tangible assets [10] - The decline in share price is attributed to rising interest rates, SPAC-deal overpricing, and market disconnection from technological advancements [7] Financial Position and Capital Strategy - SLDP has $147 million in cash and marketable securities, with projected operating cash outflows of $70-90 million for the remaining three quarters of 2024 [8] - The company holds an additional $232 million in long-term investments that can be liquidated if needed [8] - SLDP's capital-light model focuses on licensing its technology, avoiding the costs and complexities of manufacturing battery cells [8] - The company is forecasted to have enough funds to operate until the end of 2026, with potential capital raising activities in 2025 [7] Technological Progress and Partnerships - SLDP's most advanced program is its Silicon-anode cell, which has a lower theoretical energy density compared to anode-less lithium metal batteries [9] - The company is collaborating with BMW, which is building a new SSB facility in Germany leveraging SLDP's technology [8] - SLDP is also working with SK ON to build a manufacturing facility in South Korea, with capex expected to moderate lower starting in 2025 [8] - BMW is testing SLDP's Sample A-2 silicon-anode batteries, with plans to test Sample B cells in a demo car next year [10] Battery Development and Market Dynamics - SLDP's battery development follows a standardized roadmap with distinct stages (Sample A, B, and C), each involving an 18-month cycle of testing and refinement [10] - The company's electrolyte technology is compatible with established battery chemistries such as NMC and LFP cathodes [9] - The price of commonly used battery chemistries like LFP and NMC has declined significantly over the past 18 months due to over-production and softening EV growth [13] - SLDP's SSB cells offer advantages in energy density, safety, and longevity, but their adoption will depend on cost considerations [13] Future Milestones and Potential Catalysts - BMW's upcoming demo car featuring SLDP's solid-state battery could reignite interest in the company's undervalued stock [10] - The completion of expansion construction projects in 2024 is expected to lower capex spending starting in 2025 [8] - The company's Sample B and Sample C cells will be critical in assessing the economic feasibility of commercial-scale production [9]
Solid Power Appoints Renewables Industry Veteran Linda Heller as Chief Financial Officer
Newsfilter· 2024-06-17 12:00
For the last 15 years, Ms. Heller has served as CFO of both public and private renewable and semiconductor companies including Swell Energy Inc., Deca Technologies Inc., eSolar, Inc., and Power-One, Inc. Heller joins Solid Power from Swell Energy where she has served as CFO since 2021. In addition to leading the finance and HR organizations, she played a critical role in the company's debt and equity capital financings and successful acquisition and integration of Renu Energy Systems. Previously, Heller was ...
Solid Power Appoints Renewables Industry Veteran Linda Heller as Chief Financial Officer
GlobeNewswire News Room· 2024-06-17 12:00
"I am honored to be joining the Solid Power team at this pivotal time in the company's trajectory as it seeks to develop customers for its solid electrolyte material and scale its research and development operations to bring the company's promising technologies to market. I look forward to working with John, the board, and teams across the organization as we advance the company's mission and work to deliver long-term profitable growth and enhance stockholder value," added Heller. "The board and I are thrill ...
Penny Stock Perfection: 3 Low-Priced Picks With Sky-High Potential
Investor Place· 2024-06-13 11:15
Source: Shutterstock Yatra Online (YTRA) Tilray Brands (TLRY) Even with a small allocation, penny stocks can be game-changers for the portfolio. If the business grows and the markets like the overall narrative, 20x or 30x returns from penny stock ideas are not a big mountain to climb. Of course, investors need to have the patience to hold for at least three to five years. This is challenging when the investment horizon has declined and penny stock ideas are considered for speculative gains. Yatra Online (NA ...
Solid Power(SLDP) - 2024 Q1 - Quarterly Report
2024-05-08 10:01
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to _______ Commission file number: 001-40284 SOLID POWER, INC. (Exact name of registrant as specified in its charter) (State or other jurisdict ...
Solid Power(SLDP) - 2024 Q1 - Earnings Call Transcript
2024-05-08 01:22
Solid Power, Inc. (NASDAQ:SLDP) Q1 2024 Earnings Conference Call May 7, 2024 4:30 PM ET Company Participants Jennifer Almquist - Investor Relations John Van Scoter - President & Chief Executive Officer Kevin Paprzycki - Chief Financial Officer Conference Call Participants Mike Shlisky - D.A. Davidson Brian Dobson - Chardan Capital Jeffrey Campbell - Seaport Research Partners Vincent Anderson - Stifel Operator Greetings and welcome to the Solid Power, Inc. First Quarter 2024 Financial Results and Business Up ...
Solid Power(SLDP) - 2024 Q1 - Quarterly Results
2024-05-07 20:13
Exhibit 99.1 SOLID POWER FIRST QUARTER 2024 RESULTS REFLECT CONTINUED PROGRESS TOWARDS 2024 GOALS - Business, operational, and financial update call scheduled for 4:30 p.m. ET today LOUISVILLE, Colo., May 7, 2024 – Solid Power, Inc. (Nasdaq: SLDP), a leading developer of solid-state battery technology, today announced its operational and financial results for the first quarter of 2024. Recent Business Highlights "We continue to execute well on our key strategic milestones, keeping largely on track with both ...
Solid Power(SLDP) - 2023 Q4 - Annual Report
2024-02-28 11:05
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to _______ Commission file number: 001-40284 SOLID POWER, INC. (Exact name of registrant as specified in its charter) Delaware 86-1888095 (State or ...
Solid Power(SLDP) - 2023 Q4 - Earnings Call Transcript
2024-02-28 00:19
Solid Power, Inc. (NASDAQ:SLDP) Q4 2023 Earnings Conference Call February 27, 2024 4:30 PM ET Company Participants Jennifer Almquist - IR John Van Scoter - President and CEO Kevin Paprzycki - CFO Conference Call Participants Mike Shlisky - D.A. Davidson Jeffrey Campbell - Seaport Research Partners Brian Dobson - Chardan Capital Operator Greetings. Welcome to the Solid Power Inc. Full Year 2023 Financial Results and Business Update Call. Please note that this conference is being recorded. I will now turn the ...
Solid Power(SLDP) - 2023 Q4 - Annual Results
2024-02-27 21:14
Exhibit 99.1 SOLID POWER FULL YEAR 2023 RESULTS REFLECT STRONG EXECUTION - Business, operational, and financial update call scheduled for 4:30 p.m. ET today LOUISVILLE, Colo., February 27, 2024 – Solid Power, Inc. (Nasdaq: SLDP), a leading developer of solid-state battery technology, today announced its operational and financial results for the full year 2023 and provided its outlook and objectives for 2024. Recent Business Highlights As expected, operating expenses were higher in 2023 compared to 2022 beca ...