Solid Power Intrinsic Stock Value – Solid Power Inc Stock Surges 1.45% in Pre-Market Trading
April 12, 2023
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Monday morning saw a surge in Solid Power ($NASDAQ:SLDP) Inc’s stock, which increased 1.45% in pre-market trading to 2.79. This puts the stock’s short-term technical score at 15. The company produces, develops and distributes advanced solid-state batteries that are designed to meet the growing demand for energy storage solutions. It specializes in lithium-ion and next-generation battery technologies that offer high performance, low cost and long cycle life.
Solid Power Inc’s mission is to make clean energy accessible to everyone by powering the world with sustainable, reliable and cost-effective batteries. With its rapid growth and innovative products, Solid Power Inc looks set to continue its rise in the stock market.
Price History
The stock opened at $2.8 and closed at $2.9, representing a 2.5% increase from its prior closing price of $2.8 and reaching a new high for the day. Investors were bullish on SOLID POWER, anticipating further gains in the future. This positive news will likely encourage further investment in the company’s stock. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Solid Power. More…
| Total Revenues | Net Income | Net Margin |
| 11.79 | -9.55 | -420.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Solid Power. More…
| Operations | Investing | Financing |
| -33.82 | -429.99 | 0.48 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Solid Power. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 594.45 | 39.07 | 3.16 |
Key Ratios Snapshot
Some of the financial key ratios for Solid Power are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 73.0% | – | -82.6% |
| FCF Margin | ROE | ROA |
| -785.6% | -1.1% | -1.0% |
Analysis – Solid Power Intrinsic Stock Value
At GoodWhale, we conducted an analysis of SOLID POWER‘s wellbeing and have concluded that the intrinsic value of the company’s share is around $21.4. This value was determined using our proprietary Valuation Line, which takes into account several factors such as the company’s current and future prospects, its financial performance and industry trends. Currently, SOLID POWER stock is being traded at only $2.9, which is substantially below its intrinsic value. This means that the stock is currently undervalued by an astonishing 86.4%. This presents a great opportunity for potential investors, as they can purchase shares at significantly discounted prices and potentially benefit from potential price appreciation in the future. More…
Peers
The company has a strong competitive position in the market and is facing competition from Dry Cell And Storage Battery JSC, Simplo Technology Co Ltd, Guangdong Greenway Technology Co Ltd.
– Dry Cell And Storage Battery JSC ($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
Investors are showing a positive outlook for Solid Power Inc as the stock has risen 1.45% in pre-market trading to 2.79 on Monday morning. From a technical analysis perspective, the short-term score of 15 suggests a favorable outlook for the stock. Although, investors should note that any stock investing carries risks, and they should research and perform their own due diligence before making an investment decision. Furthermore, investors should consider their own financial objectives and risk tolerance levels before making an investment decision.
