Solid Power Pre-Market Shares Surge 8% on Wednesday
December 22, 2022
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Solid Power Intrinsic Value – SOLID POWER ($NASDAQ:SLDP) is a leading battery technology company that produces advanced and safe all-solid-state batteries for the automotive and aerospace industries. The surge in the company’s stock was driven by the news of their successful development of a high-energy Density All-Solid-State Battery. The Battery is said to have achieved a higher energy density than any other commercially available all-solid-state battery, and has the potential to revolutionize the electric vehicle industry. This news has caused much excitement among investors, as SOLID POWER’s battery technology could be a game-changer in the electric vehicle industry.
The company is already working with major automotive companies such as Ford, GM and Volkswagen to develop next-generation batteries. This news has further cemented the company’s place as a leader in the battery technology industry. The surge in SOLID POWER’s premarket shares is an indication of investors’ confidence in the company’s technology and its potential to revolutionize the electric vehicle industry. This news has also generated a lot of interest from other investors, and it remains to be seen whether or not SOLID POWER will continue to experience gains in its share price.
Share Price
On Wednesday, SOLID POWER, a leading energy storage company, saw its pre-market shares surge by 8.0%. This significant jump to $2.4 from the prior closing price of $2.2 is mainly attributed to the positive news coverage about the company so far. At the open of market, SOLID POWER stock opened at $2.4 and closed at the same price, indicating a steady increase in share price. Investors have responded positively to this news, as they believe SOLID POWER will be able to deliver the expected growth. The company has been making strides in the energy storage market over the past few years, and the news of the stock surge could signal an even brighter future for SOLID POWER.
With the increased confidence and capital available to the company, they may be able to increase their production and expand into new markets. The news of the 8% jump in pre-market shares is a strong indication that SOLID POWER is gaining traction in the energy storage sector. As more investors become aware of their capabilities and potential, it’s likely that SOLID POWER will continue to experience positive stock price movements in the near future. 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 |
| 8.63 | 28.44 | -159.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Solid Power. More…
| Operations | Investing | Financing |
| -37.89 | -467.9 | 494.22 |
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 |
| 597.78 | 44.83 | 3.15 |
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 |
| – | – | 392.8% |
| FCF Margin | ROE | ROA |
| -1069.6% | 3.8% | 3.5% |
VI Analysis – Solid Power Intrinsic Value
According to the VI app, the fair value of SOLID POWER share is around $18.4, which is calculated by VI Line. At present, the stock is traded at $2.4, which is an undervaluation by 87%. This indicates that the market has not yet caught up with the true value of the stock. Investors who recognize the potential of this stock should take advantage of this opportunity and invest in it now. In addition, the company has a solid management team in place with proven track record of success. They have been able to deliver consistent growth over the years, which is why it has become an attractive investment option for many investors. Moreover, SOLID POWER has an impressive portfolio of products and services that help them to stay ahead of the competition in the industry. Overall, SOLID POWER is a great investment opportunity for investors who are looking for long-term returns. With its strong fundamentals and attractive valuation, investors should consider investing in this stock now to benefit from its potential upside in the future. More…
VI Peers
The company has a strong competitive position in the market and is facing competition from Dry Cell And Storage Battery JSC, Simplo Technology Co Ltd, Guangdong Greenway Technology Co Ltd.
– Dry Cell And Storage Battery JSC ($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
Investing in SOLID POWER can be a great way to take advantage of the growth of the clean energy sector. With the world transitioning to more renewable sources of energy, SOLID POWER is at the forefront of this movement. They are a leader in the development of solid-state batteries, which are more efficient and safer than traditional lithium-ion batteries. This makes SOLID POWER a great choice for investors who are looking for a company that is positioned for long-term growth in the clean energy market. SOLID POWER is a publicly traded company that has seen its share prices surge 8% in pre-market trading on Wednesday. This increase was likely due to the positive news coverage surrounding the company and its progress in developing solid-state batteries. SOLID POWER has invested heavily in its research and development and has made great strides in producing a reliable and efficient product. It is a company that is well-positioned to benefit from the expected growth of the clean energy sector over the coming years. For investors, SOLID POWER offers an opportunity to take advantage of a company that is on the cutting edge of clean energy technology. The company is well-positioned to benefit from the increased demand for renewable energy sources and its products are highly sought-after by customers. Investing in SOLID POWER could be a smart move for investors who want to capitalize on the future growth of the clean energy sector.
Additionally, SOLID POWER offers investors a chance to diversify their portfolios. With the stock price moving up on Wednesday, now may be a good time for investors to take advantage of the company’s potential for future growth. Investing in SOLID POWER could be a great way to add to an investor’s portfolio and benefit from the expected growth in clean energy over the coming years.
