SLDP Stock Analysis: Solid Power | NASDAQ
Auto Parts | NASDAQ, USA | Market Cap: 567m USD | 12M Return: -11.1% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 12.0M
Qual. Beats: 0
Rev. Trend: 68.5%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 5.1 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Solid Power, Inc. (NASDAQ: SLDP) is a research and development-stage company developing solid-state battery technology for the U.S. electric vehicle market. Its work centers on sulfide-based solid electrolytes, one of several chemistry approaches in the broader solid-state battery field, which is pursued as a potential successor to conventional lithium-ion cells. Founded in 2011 and headquartered in Louisville, Colorado, the company completed its IPO in 2021 and trades as a small-cap stock within the industrial machinery and components segment.
- BMW and Ford milestone payments drive revenue visibility
- Capital raises dilute shareholders as cash burn extends runway
- Solid-state battery competition intensifies from rival developers
| Net Income: -91.3m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.13 > 0.02 and ΔFCF/TA 4.66 > 1.0 |
| NWC/Revenue: 1.37k% < 20% (prev 1.18k%; Δ 188.1% < -1%) |
| CFO/TA -0.12 > 3% & CFO -65.9m > Net Income -91.3m |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 16.11 > 1.5 & < 3 |
| Outstanding Shares: last quarter (217k) vs 12m ago -99.88% < -2% |
| Gross Margin: -40.92% > 18% (prev -4.55%; Δ -36.37% > 0.5%) |
| Asset Turnover: 3.86% > 50% (prev 4.82%; Δ -0.96% > 0%) |
| Interest Coverage Ratio: -425.2 > 6 (EBIT TTM -91.0m / Interest Expense TTM 214k) |
| A: 0.46 (Total Current Assets 274.7m - Total Current Liabilities 17.1m) / Total Assets 554.7m |
| B: -0.52 (Retained Earnings -287.8m / Total Assets 554.7m) |
| C: -0.19 (EBIT TTM -91.0m / Avg Total Assets 487.1m) |
| D: 17.95 (Book Value of Equity 525.5m / Total Liabilities 29.3m) |
| Altman-Z'' = 18.95 = AAA |
| DSRI: 3.0 (Receivables 12.7m/2.22m, Revenue 18.8m/20.2m) |
| GMI: 1.00 (fallback, negative margins) |
| AQI: 2.09 (AQ_t 0.34 / AQ_t-1 0.16) |
| SGI: 0.93 (Revenue 18.8m / 20.2m) |
| TATA: -0.05 (NI -91.3m - CFO -65.9m) / TA 554.7m) |
| Beneish M = -0.79 (Cap -4..+1) = D |
As of July 11, 2026, the stock is trading at USD 2.32 with a total of 2,474,807 shares traded. Over the past week, the price has changed by -7.94%, over one month by -16.25%, over three months by -21.36% and over the past year by -11.11%.
Current recommended Stop Loss: 2.10 (which is 9.5% or 1.2 ATR below the current price).
Solid Power has received a consensus analysts rating of 2.50. Therefore, it is recommended to sell SLDP.
- StrongBuy: 0
- Buy: 1
- Hold: 0
- Sell: 0
- StrongSell: 1
| Analysts Target Price | 6.9 | 196.6% |
P/S = 38.0688
P/B = 1.1047
Revenue TTM = 18.8m USD
EBIT TTM = -91.0m USD
EBITDA TTM = -71.0m USD
Long Term Debt = 6.97m USD (estimated: total debt 7.98m - short term 1.01m)
Short Term Debt = 1.01m USD (from shortTermDebt, last quarter)
Debt = 7.98m USD (from shortLongTermDebtTotal, last quarter) (leases 7.76m already included)
Net Debt = -247.4m USD (calculated: Debt 7.98m - CCE 255.4m)
Enterprise Value = 319.5m USD (567.0m + Debt 7.98m - CCE 255.4m)
Interest Coverage Ratio = -425.2 (Ebit TTM -91.0m / Interest Expense TTM 214k)
EV/FCF = -4.27x (Enterprise Value 319.5m / FCF TTM -74.9m)
FCF Yield = -23.43% (FCF TTM -74.9m / Enterprise Value 319.5m)
FCF Margin = -398.1% (FCF TTM -74.9m / Revenue TTM 18.8m)
Net Margin = -485.5% (Net Income TTM -91.3m / Revenue TTM 18.8m)
Gross Margin = -40.92% ((Revenue TTM 18.8m - Cost of Revenue TTM 26.5m) / Revenue TTM)
Gross Margin QoQ = -97.40% (prev -61.36%)
Tobins Q-Ratio = 0.58 (Enterprise Value 319.5m / Total Assets 554.7m)
Interest Expense / Debt = 2.68% (Interest Expense 214k / Debt 7.98m)
Taxrate = 21.0% (US federal default 21%)
NOPAT = -71.9m (EBIT -91.0m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 16.11 (Total Current Assets 274.7m / Total Current Liabilities 17.1m)
Debt / Equity = 0.02 (Debt 7.98m / totalStockholderEquity, last quarter 525.5m)
Debt / EBITDA = 3.48 (negative EBITDA) (Net Debt -247.4m / EBITDA -71.0m)
Debt / FCF = 3.31 (negative FCF - burning cash) (Net Debt -247.4m / FCF TTM -74.9m)
Total Stockholder Equity = 423.4m (last 4 quarters mean from totalStockholderEquity)
RoA = -18.74% (Net Income -91.3m / Total Assets 554.7m)
RoE = -21.56% (Net Income TTM -91.3m / Total Stockholder Equity 423.4m)
RoCE = -21.15% (EBIT -91.0m / Capital Employed (Equity 423.4m + L.T.Debt 6.97m))
RoIC = -13.37% (negative operating profit) (NOPAT -71.9m / Invested Capital 537.7m)
WACC = 13.51% (E(567.0m)/V(574.9m) * Re(13.67%) + D(7.98m)/V(574.9m) * Rd(2.68%) * (1-Tc(0.21)))
Discount Rate = 13.67% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: 33.33 | Cagr: -94.93%
[DCF] Fair Price = unknown (Cash Flow -74.9m)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.57 | # QB: 0
Revenue Correlation: 68.47 | Revenue CAGR: 8.45% | SUE: -0.12 | # QB: 0
EPS current Quarter (2026-06-30): EPS=-0.12 | Chg30d=-4.35% | Revisions=+0% | Analysts=2
EPS next Quarter (2026-09-30): EPS=-0.12 | Chg30d=-4.17% | Revisions=+0% | Analysts=2
EPS current Year (2026-12-31): EPS=-0.43 | Chg30d=-4.82% | Revisions=-25% | GrowthEPS=+14.7% | GrowthRev=-66.3%
EPS next Year (2027-12-31): EPS=-0.48 | Chg30d=-6.59% | Revisions=+25% | GrowthEPS=-11.5% | GrowthRev=-10.3%
[Analyst] Revisions Ratio: +0% (up=1, down=1)