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Solid Power Inc(SLDP)

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ADVISORIES YOU CAN VERIFY
QUALITY SIGNAL RECENCY
1-STAR RATING
Consider higher Upturn Star rating
BUY for 6 days
PROFIT SINCE LAST BUY
-5.84%
LAST CLOSE
$2.42
09/15/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
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Upturn Advisory & Investor View for SLDP

09/15/2026: SLDP (1-star) has a low Upturn Star Rating. Not recommended to BUY.

Solid Power Inc is a high-risk, pre-revenue technology company focused on developing all-solid-state battery cells and sulfide-based solid electrolytes for electric vehicles. Its main strength lies in its strategic partnerships with major automotive OEMs, including BMW and Ford, which provide essential validation and testing frameworks. The primary investment story centers on the potential to revolutionize battery safety and energy density, with an emerging licensing model that could offer a scalable path to profitability. Key risks include significant cash burn, execution hurdles in moving to mass production, and intense competition from well-capitalized incumbents. The stock is most suitable for speculative growth investors willing to monitor long-term manufacturing milestones.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorMixed fitThe company represents a high-risk, high-reward play on speculative battery technology rather than proven growth.
Momentum investorWeak fitThe stock often lacks consistent positive momentum and is prone to high volatility based on research milestones.
Value investorWeak fitThere are no traditional earnings or cash flow metrics to support a value-based investment thesis.
Dividend investorWeak fitThe company does not pay dividends and is unlikely to do so in the near future.
Low-risk investorWeak fitThe extreme volatility and pre-commercial nature of the business are not suitable for risk-averse investors.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityHighSpeculative nature leads to significant daily and weekly price swings.
Valuation riskHighHigh uncertainty regarding future cash flows makes valuation difficult.
Competition risk (Battery Tech)HighEstablished players and well-funded startups threaten the company's market adoption.
Business qualityLowAs a pre-revenue developer, the company has yet to establish a proven, scalable business model.
Dividend incomeLow / noneThere is no income component to the investment.
Execution riskHighThe transition from lab-scale to automotive-grade mass production is a massive engineering hurdle.

Price Behavior

Steep Decline
PRICE PATH

Steep Decline

The stock price has dropped sharply with strong downward pressure.

Choppy
PRICE STABILITY

Choppy

The stock has experienced frequent reversals and pronounced short-term price swings.

Analysis of Past Performance

Type Stock
Historic Profit -12.47%
Avg. Invested days 23
Today’s Advisory Consider higher Upturn Star rating
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 1.0
Stock Returns Performance Upturn Returns Performance icon 1.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 09/15/2026

Upturn Scorecard

Upturn Star Rating

SLDP receives a 2-star rating, supported by available scored pillars. The rating is constrained by weak unit economics, soft quantitative characteristics, and weak price momentum.

Company Fundamentals

SLDP has moderate overall fundamentals (3 stars), with soft financial health, moderate growth momentum, and solid ownership. In FY2025 versus FY2024, moderate earnings growth (+3.2%) is partially offset by soft cash generation (FCF margin -384.4%), moderate revenue growth (+8.0%), soft profitability (net margin -429.5%).

Financial Health Rating

SLDP's financial health is supported by moderate liquidity, including working-capital and asset support (WC/assets 54.7%). Operating efficiency is weak (1 stars), which helps explain the 2-star overall score.

Growth Momentum Score

Revenue growth is SLDP's strongest growth driver at +8.0% FY2025 versus FY2024 (moderate, 3 stars). By comparison, while free-cash-flow growth (-4.1%, slightly negative) holds the profile back, so recent growth is not broad-based across the business.

Ownership

Institutional ownership is 37.2% and approximately 91.3% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership of 9.60% supports management-shareholder alignment.

Top 5 Institutional Investors

BlackRock Inc 6.02%
Heights Capital Management Inc 5.43%
Vanguard Capital Management, LLC 3.65%
Riverstone Holdings LLC 2.04%
The Goldman Sachs Group Inc 2.00%

Unit Economics (Per $1K Revenue)

SLDP generates approximately $50 of gross profit, $-4,637 of operating income, and $-3,844 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Strong cash conversion and healthy margins support the rating, although capital efficiency remains below the highest tier.

Economic Dimensions

Effective Tax Rate: 0.01%

Quantitative Style Profile

SLDP has a liquid profile. Weak momentum is the primary drawback, while valuation that is moderately attractive rather than deeply discounted.

Style Classification

Quality Focused

High VolatilitySmall / Mid Cap RiskShort Squeeze RiskHighly Liquid / Institution-Friendly

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 561.33M USD
Price to earnings Ratio -
1Y Target Price 6.88
Price to earnings Ratio -
1Y Target Price 6.88
Volume (30-day avg) 2.9M shares
Beta 1.95
52 Weeks Range 1.98 - 8.86
Updated Date 09/15/2026
52 Weeks Range 1.98 - 8.86
Updated Date 09/15/2026
Dividends yield (FY) -
Basic EPS (TTM) -0.46

How Company Makes Money

Business areaWhat it includesRetail investor read
Solid electrolyte materialsSupply of proprietary sulfide-based electrolytes to partners.The company aims to make money by licensing or selling materials, which is often easier than mass-producing full batteries.
Battery cell developmentDesign and prototyping of all-solid-state cells.Revenue will depend on successfully meeting the rigorous requirements of automotive partners for scale.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

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Valuation

Trailing PE -
Forward PE -
Enterprise Value 342.40M
Price to Sales(TTM) 75.94
Enterprise Value 342.40M
Price to Sales(TTM) 75.94
Enterprise Value to Revenue 46.32
Enterprise Value to EBITDA 6.15
Shares Outstanding 228.18M
Shares Floating 208.38M
Shares Outstanding 228.18M
Shares Floating 208.38M
Percent Insiders 9.6
Percent Institutions 37.25

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Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

About Solid Power Inc

Exchange NASDAQ
Headquarters Louisville, CO, United States
IPO Launch date 2021-05-18
CEO, President & Director Mr. John C. Van Scoter
Sector Consumer Cyclical
Industry Auto Parts
Full time employees 230
Full time employees 230

Solid Power, Inc., a research and development-stage company, develops solid-state battery technologies for the electric vehicles markets in the United States. It engages in the development of sulfide-based solid electrolytes. The company was founded in 2011 and is headquartered in Louisville, Colorado.