Solid Power, Inc. Class A Common Stock (SLDP)
Solid Power, Inc. Class A (SLDP) is a developer of solid-state lithium-ion batteries aimed at enhancing the energy density, safety, and longevity of electric vehicle and energy storage applications. The company focuses on advancing solid electrolyte technology to improve performance over traditional liquid electrolyte batteries, with the goal of enabling safer and more efficient energy storage solutions.
Company News
The global solid-state battery market is expected to grow from $85 million in 2023 to $963 million by 2030, at a CAGR of 41.5%. The growth is driven by the increasing demand for wearable devices and the advent of mobile healthcare devices.
Solid Power's stock is declining due to investors overreacting to a Ford recall of hybrid vehicles, despite the fact that Solid Power's solid-state batteries are still in development and not related to the recall.
Solid Power (SLDP) delivered earnings and revenue surprises of -9.09% and 23.89%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
Solid Power is making progress in automotive qualification. Valuations are attractive as the MCAP is at a 56% discount to the total liquidity. Read more here.
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