(SLDP) Solid Power - Overview
Sector: Consumer Cyclical | Industry: Auto Parts | Exchange: NASDAQ (USA) | Market Cap: 652m USD | Total Return: 84.3% in 12m
Avg Turnover: 22.2M
Qual. Beats: 0
Rev. Trend: 68.5%
Qual. Beats: 0
Warnings
Interest Coverage Ratio -482.0 is critical
Beneish M-Score 1.00 > -1.5 - likely earnings manipulation
Altman Z'' -10.43 < 1.0 - financial distress zone
Tailwinds
Confidence
Solid Power, Inc. (SLDP) is a Colorado-based development-stage company specializing in sulfide-based solid-state battery technology for the electric vehicle (EV) market. The company operates as a primary innovator in the next-generation battery sector, focusing on replacing flammable liquid electrolytes with solid materials to enhance energy density and safety.
The business model centers on the research and production of proprietary solid electrolytes and high-content silicon anodes. Unlike traditional lithium-ion manufacturers, solid-state battery developers aim to solve thermal stability issues and reduce charging times, which remain the primary technical barriers to mass EV adoption.
Investors can further analyze the companys valuation metrics and institutional ownership trends on ValueRay. Solid Power maintains strategic partnerships with major automotive manufacturers to validate its electrolyte production at scale.
- BMW and SK On electrolyte supply agreements drive revenue growth
- Commercialization timeline for automotive-grade solid-state cells impacts valuation
- Scaling sulfide-based electrolyte production capacity reduces unit manufacturing costs
- Joint development milestones with automotive partners trigger capital infusions
- Federal grants and clean energy subsidies influence research and development spending
| Net Income: -91.3m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.14 > 0.02 and ΔFCF/TA 4.65 > 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 -0.05%; Δ -4.09k% > 0.5%) |
| Asset Turnover: 3.86% > 50% (prev 4.82%; Δ -0.96% > 0%) |
| Interest Coverage Ratio: -482.0 > 6 (EBITDA TTM -83.2m / 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: -0.21 (EBIT TTM -103.2m / Avg Total Assets 487.1m) |
| D: -9.87 (Book Value of Equity -288.9m / Total Liabilities 29.3m) |
| Altman-Z'' = -10.43 = D |
| DSRI: 6.15 (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 = 1.76 (Cap -4..+1) = D |
As of May 25, 2026, the stock is trading at USD 3.06 with a total of 8,036,177 shares traded.
Over the past week, the price has changed by +6.25%,
over one month by -16.62%,
over three months by -13.56% and
over the past year by +84.34%.
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 | 7 | 128.8% |
P/S = 43.8109
P/B = 1.1839
Revenue TTM = 18.8m USD
EBIT TTM = -103.2m USD
EBITDA TTM = -83.2m 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 = 405.0m USD (652.5m + Debt 7.98m - CCE 255.4m)
Interest Coverage Ratio = -482.0 (Ebit TTM -103.2m / Interest Expense TTM 214k)
EV/FCF = -5.41x (Enterprise Value 405.0m / FCF TTM -74.9m)
FCF Yield = -18.49% (FCF TTM -74.9m / Enterprise Value 405.0m)
FCF Margin = -398.3% (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 = 0.73 (Enterprise Value 405.0m / Total Assets 554.7m)
Interest Expense / Debt = 2.68% (Interest Expense 214k / Debt 7.98m)
Taxrate = 21.0% (US default 21%)
NOPAT = -81.5m (EBIT -103.2m * (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 = 2.97 (negative EBITDA) (Net Debt -247.4m / EBITDA -83.2m)
Debt / FCF = 3.30 (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 = -12.84% (Net Income TTM -91.3m / Total Stockholder Equity 711.2m)
RoCE = -14.36% (EBIT -103.2m / Capital Employed (Equity 711.2m + L.T.Debt 6.97m))
RoIC = -17.14% (negative operating profit) (NOPAT -81.5m / Invested Capital 475.5m)
WACC = 12.70% (E(652.5m)/V(660.5m) * Re(12.83%) + D(7.98m)/V(660.5m) * Rd(2.68%) * (1-Tc(0.21)))
Discount Rate = 12.83% (= CAPM, Blume Beta Adj.)
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: 0.59 | # QB: 0
Revenue Correlation: 68.47 | Revenue CAGR: 8.45% | SUE: -0.12 | # QB: 0
EPS current Quarter (2026-06-30): EPS=-0.11 | Chg30d=+18.52% | Revisions=N/A | Analysts=1
EPS next Quarter (2026-09-30): EPS=-0.11 | Chg30d=+18.52% | Revisions=N/A | Analysts=1
EPS current Year (2026-12-31): EPS=-0.39 | Chg30d=+27.10% | Revisions=-20% | GrowthEPS=+23.5% | GrowthRev=-65.2%
EPS next Year (2027-12-31): EPS=-0.45 | Chg30d=+12.62% | Revisions=+20% | GrowthEPS=-15.4% | GrowthRev=+8.5%
[Analyst] Revisions Ratio: -20%