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Solid Power ($NASDAQ:SLDP) Inc. is a publicly-traded company on the rise, with analysts predicting that the share price could reach $5.00 within 12 months. In the most recent trading session, 1.52 million shares of Solid Power Inc. were traded, and its beta is estimated to be 0.98. The company produces and delivers cost-effective, high-performance batteries to its customers, including automakers, battery-pack manufacturers and energy companies.

In addition, Solid Power Inc. provides battery engineering services to optimize performance and reduce costs. The company is committed to providing the highest quality products and services to meet the demands of its customers. The company has established itself as an innovator in the battery industry through its research and development of reliable and safe solid-state batteries. Solid Power Inc. has been able to quickly ramp up production to meet customer demands, making it an attractive investment for many investors looking for long-term growth potential. With its high-performance products and experienced management team, Solid Power Inc. is well-positioned to become a major player in the battery industry. For investors looking for long-term growth potential, Solid Power Inc. is a great opportunity.

Market Price

Monday marked a successful day for SOLID POWER, with the stock opening at $2.3 and closing at the same price, up 0.4% from its prior closing price. This increase in share price is seen as a positive sign by analysts, who are now predicting a share price of $5.00 within the next 12 months. If these predictions come true, it could mean big gains for investors of SOLID POWER. The company has recently seen an increase in demand for their products, which has allowed them to expand their operations and improve their financials.

This, in turn, has caused investors to take note and trust that the company will continue to have success moving forward. Overall, SOLID POWER appears to be on the rise, and investors should keep an eye on the stock as analysts are expecting a significant rise in its share price in the coming months. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Solid Power. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Solid Power. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Solid Power. More…

Key Ratios Snapshot

Some of the financial key ratios for Solid Power are shown below. More…

Analysis

At GoodWhale, we have conducted an analysis of SOLID POWER‘s fundamentals. From our risk rating, SOLID POWER is a high risk investment in terms of financial and business aspects. Upon further investigation, we have detected 2 risk warnings in the cashflow statement and financial journal. If you would like to learn more, become a registered user and check it out. More…

Peers

The company has a strong competitive position in the market and is facing competition from Dry Cell And Storage Battery JSC, Simplo Technology Co Ltd, Guangdong Greenway Technology Co Ltd.

– Dry Cell And Storage Battery JSC ($HOSE:PAC)

Simplo Technology Co Ltd is a publicly traded company with a market capitalization of 51.33 billion as of 2022. The company has a return on equity of 21.21%. Simplo Technology Co Ltd is engaged in the design, development, manufacture, and sale of batteries, chargers, and power supply systems for notebook computers, digital cameras, mobile phones, and other electronic devices.

– Simplo Technology Co Ltd ($TPEX:6121)

Guangdong Greenway Technology Co., Ltd. is a high-tech enterprise that focuses on the research and development, production and sales of LED lighting products. The company was founded in 2003 and is headquartered in Shenzhen, China. It has a market cap of 5.79B as of 2022 and a ROE of 9.22%. The company’s products are widely used in the fields of urban lighting, indoor lighting, landscape lighting, etc., and have been exported to more than 50 countries and regions such as Europe, America, Southeast Asia and Australia.

Summary

Solid Power Inc. is an investment opportunity that has recently been identified as likely to make it to $5.00 in 12 months. Investing analysis of the company suggests that the potential return of the stock is attractive and investors should consider it as a potentially lucrative option. The stock’s performance is expected to be stable in the short-term, but may be subject to volatility in the long-term. Given the positive outlook of the company’s future, investors should exercise caution and research extensively before investing in the stock.