Solid Power (SLDP)


Market Price (10/16/2026): $2.12 | Market Cap: $479.1 MilSector: Consumer Discretionary | Industry: Automotive Parts & Equipment

Solid Power (SLDP)


Market Price (10/16/2026): $2.12
Market Cap: $479.1 Mil
Sector: Consumer Discretionary
Industry: Automotive Parts & Equipment

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -50%

Megatrend and thematic drivers
Megatrends include Battery Technology & Metals. Themes include Advanced Battery Components.

Weak multi-year price returns
3Y Excs Rtn is -74%

Meaningful short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 12%

Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -108 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -1455%

Expensive valuation multiples
P/SPrice/Sales ratio is 64x

Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -64%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -11%, Rev Chg QQuarterly Revenue Change % is -116%

Significant share based compensation
SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 147%

Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -810%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -990%

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -23%

Key risks
SLDP key risks include [1] a significant cash burn rate with an extended path to profitability, Show more.

0 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -50%
1 Megatrend and thematic drivers
Megatrends include Battery Technology & Metals. Themes include Advanced Battery Components.
2 Weak multi-year price returns
3Y Excs Rtn is -74%
3 Meaningful short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 12%
4 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -108 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -1455%
5 Expensive valuation multiples
P/SPrice/Sales ratio is 64x
6 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -64%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -11%, Rev Chg QQuarterly Revenue Change % is -116%
7 Significant share based compensation
SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 147%
8 Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -810%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -990%
9 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -23%
10 Key risks
SLDP key risks include [1] a significant cash burn rate with an extended path to profitability, Show more.

SLDP in ETFs

Weight = SLDP's share of each fund

VTI0.00%
ITOT0.00%
IWM0.02%
IWO0.02%
VTWO0.01%
SCHA0.01%
DFAS0.00%
IWN0.00%
+3 more covered ETFs

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 10/14/2026

Solid Power (SLDP) stock has lost about 20% since 6/30/2026 because of the following key factors:

1. Significant Revenue Miss and Negative Revenue in Fiscal Q2 2026.

Solid Power reported a substantial revenue miss for fiscal Q2 2026 (period ending June 30, 2026, with results released on August 4, 2026). The company posted negative revenue of ($0.27) million, falling significantly short of the consensus estimate of $1.55 million. This underperformance was primarily attributed to a $1.2 million cumulative revenue reversal linked to changes in milestone assumptions. The reported revenue also reflected a 91% year-over-year decrease for the six months ending June 30, 2026.

2. Ongoing Challenges and Delays in Commercialization and Scaling of Solid-State Battery Technology.

Despite positive operational developments, such as a Joint Evaluation Agreement with Samsung SDI and BMW and progress on a continuous electrolyte pilot line in 2026, Solid Power's path to large-scale commercialization and significant revenue generation remains a long-term endeavor. The stock's valuation is heavily tied to the successful adoption of solid-state battery technology by major automakers and the company's ability to scale production. Concerns about potential delays from partners and the high valuation relative to current production for a small percentage of the global EV market have contributed to investor caution.

Show more
Updated on 10/14/2026

Solid Power (SLDP) stock has lost about 20% since 6/30/2026 because of the following key factors:

1. Significant Revenue Miss and Negative Revenue in Fiscal Q2 2026.

Solid Power reported a substantial revenue miss for fiscal Q2 2026 (period ending June 30, 2026, with results released on August 4, 2026). The company posted negative revenue of ($0.27) million, falling significantly short of the consensus estimate of $1.55 million. This underperformance was primarily attributed to a $1.2 million cumulative revenue reversal linked to changes in milestone assumptions. The reported revenue also reflected a 91% year-over-year decrease for the six months ending June 30, 2026.

2. Ongoing Challenges and Delays in Commercialization and Scaling of Solid-State Battery Technology.

Despite positive operational developments, such as a Joint Evaluation Agreement with Samsung SDI and BMW and progress on a continuous electrolyte pilot line in 2026, Solid Power's path to large-scale commercialization and significant revenue generation remains a long-term endeavor. The stock's valuation is heavily tied to the successful adoption of solid-state battery technology by major automakers and the company's ability to scale production. Concerns about potential delays from partners and the high valuation relative to current production for a small percentage of the global EV market have contributed to investor caution.

3. Broad Macroeconomic Headwinds, Including Rising Interest Rates.

The third fiscal quarter of 2026 saw surging long-term interest rates reach multi-decade highs, largely driven by Federal Reserve rate hikes and persistent inflation concerns. The Fed increased its key interest rate by 0.25% in September 2026. This macroeconomic environment created pressure on growth-oriented and speculative stocks like Solid Power, as higher interest rates reduce the present value of future earnings and often lead to a rotation of investor capital away from riskier assets.

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Stock Movement Drivers

Fundamental Drivers

The -17.8% change in SLDP stock from 6/30/2026 to 10/15/2026 was primarily driven by a -50.4% change in the company's Total Revenues ($ Mil).
(LTM values as of)630202610152026Change
Stock Price ($)2.592.13-17.8%
Change Contribution By: 
Total Revenues ($ Mil)157-50.4%
P/S Multiple37.865.172.3%
Shares Outstanding (Mil)217226-3.8%
Cumulative Contribution-17.8%

LTM = Last Twelve Months as of date shown

Market Drivers

6/30/2026 to 10/15/2026
ReturnCorrelation
SLDP-17.8% 
Market (SPY)3.4%60.2%
Sector (XLY)-3.3%45.0%

Fundamental Drivers

The -29.0% change in SLDP stock from 3/31/2026 to 10/15/2026 was primarily driven by a -58.7% change in the company's Total Revenues ($ Mil).
(LTM values as of)331202610152026Change
Stock Price ($)3.002.13-29.0%
Change Contribution By: 
Total Revenues ($ Mil)187-58.7%
P/S Multiple32.765.198.9%
Shares Outstanding (Mil)196226-13.5%
Cumulative Contribution-29.0%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2026 to 10/15/2026
ReturnCorrelation
SLDP-29.0% 
Market (SPY)19.0%56.3%
Sector (XLY)4.3%42.1%

Fundamental Drivers

The -38.6% change in SLDP stock from 9/30/2025 to 10/15/2026 was primarily driven by a -64.3% change in the company's Total Revenues ($ Mil).
(LTM values as of)930202510152026Change
Stock Price ($)3.472.13-38.6%
Change Contribution By: 
Total Revenues ($ Mil)217-64.3%
P/S Multiple30.265.1115.6%
Shares Outstanding (Mil)180226-20.2%
Cumulative Contribution-38.6%

LTM = Last Twelve Months as of date shown

Market Drivers

9/30/2025 to 10/15/2026
ReturnCorrelation
SLDP-38.6% 
Market (SPY)16.8%40.9%
Sector (XLY)-4.8%36.6%

Fundamental Drivers

The 5.4% change in SLDP stock from 9/30/2023 to 10/15/2026 was primarily driven by a 184.4% change in the company's P/S Multiple.
(LTM values as of)930202310152026Change
Stock Price ($)2.022.135.4%
Change Contribution By: 
Total Revenues ($ Mil)167-53.0%
P/S Multiple22.965.1184.4%
Shares Outstanding (Mil)178226-21.2%
Cumulative Contribution5.4%

LTM = Last Twelve Months as of date shown

Market Drivers

9/30/2023 to 10/15/2026
ReturnCorrelation
SLDP5.4% 
Market (SPY)86.7%31.1%
Sector (XLY)44.1%31.2%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
SLDP Return-13%-71%-43%30%125%-51%-79%
Peers Return-8%-58%-12%-4%53%-52%-76%
S&P 500 Return27%-19%24%23%16%14%108%

Monthly Win Rates [3]
SLDP Win Rate38%50%50%50%50%40% 
Peers Win Rate43%35%47%30%50%30% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
SLDP Max Drawdown--78%-67%-54%-58%-65% 
Peers Max Drawdown-77%-76%-65%-74%-60%-74% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: QS, SES, ENVX, AMPX, MVST.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 10/15/2026 (YTD)

How Low Can It Go

EventSLDPS&P 500
2025 US Tariff Shock
  % Loss-36.1%-18.8%
  % Gain to Breakeven56.4%23.1%
  Time to Breakeven46 days79 days
2024 Yen Carry Trade Unwind
  % Loss-28.1%-7.8%
  % Gain to Breakeven39.1%8.5%
  Time to Breakeven141 days18 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-49.8%-9.5%
  % Gain to Breakeven99.2%10.5%
  Time to Breakeven611 days24 days
2023 SVB Regional Banking Crisis
  % Loss-44.1%-6.7%
  % Gain to Breakeven79.0%7.1%
  Time to Breakeven794 days31 days

Compare to QS, SES, ENVX, AMPX, MVST

In The Past

Solid Power's stock fell -36.1% during the 2025 US Tariff Shock. Such a loss loss requires a 56.4% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventSLDPS&P 500
2025 US Tariff Shock
  % Loss-36.1%-18.8%
  % Gain to Breakeven56.4%23.1%
  Time to Breakeven46 days79 days
2024 Yen Carry Trade Unwind
  % Loss-28.1%-7.8%
  % Gain to Breakeven39.1%8.5%
  Time to Breakeven141 days18 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-49.8%-9.5%
  % Gain to Breakeven99.2%10.5%
  Time to Breakeven611 days24 days
2023 SVB Regional Banking Crisis
  % Loss-44.1%-6.7%
  % Gain to Breakeven79.0%7.1%
  Time to Breakeven794 days31 days

Compare to QS, SES, ENVX, AMPX, MVST

In The Past

Solid Power's stock fell -36.1% during the 2025 US Tariff Shock. Such a loss loss requires a 56.4% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Solid Power (SLDP)

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Solid Power, Inc. (SLDP) is a technology company focused on innovating the next generation of battery solutions. The company specializes in the research, development, and commercialization of all-solid-state battery cells. Its primary mission is to advance battery technology beyond current standards, particularly through the use of advanced materials.

The core products offered by Solid Power include proprietary all-solid-state battery cells and the solid electrolyte materials critical to their function. Unlike conventional lithium-ion batteries that rely on liquid electrolytes, solid-state batteries utilize a solid material, which is engineered to offer potential advantages in terms of energy density, safety, and cycle life. These advanced materials are foundational to the performance of their battery cells.

Solid Power primarily targets the expanding battery-powered electric vehicle (EV) market. The company aims to provide foundational battery technology that can enable automotive manufacturers to produce EVs with improved performance characteristics, such as increased range, faster charging capabilities, and enhanced safety features. Its developments are crucial for supporting the global transition to electric transportation.

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AI Analysis | Feedback

Solid Power (SLDP) can be described as:

  • Qualcomm for EV batteries: Developing critical, next-generation battery technology (solid-state cells) that electric vehicle manufacturers will integrate into their cars.
  • Corning for EV battery materials: Specializing in advanced material science to create crucial, improved components (solid electrolytes) for the electric vehicle battery market.

AI Analysis | Feedback

  • All-Solid-State Battery Cells: Advanced battery cells that utilize solid electrodes and solid electrolytes for improved performance and safety, primarily for electric vehicles.
  • Solid Electrolyte Materials: Key components developed for use within all-solid-state battery cells, crucial for their functionality and performance.

AI Analysis | Feedback

Solid Power (SLDP) sells primarily to other companies, specifically automotive original equipment manufacturers (OEMs) and battery manufacturers. Its major customers and strategic partners include:

  • BMW Group (FWB: BMW)
  • Ford Motor Company (NYSE: F)
  • SK On Co., Ltd.

AI Analysis | Feedback

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AI Analysis | Feedback

John Van Scoter, Chief Executive Officer, President and Class I Director

Mr. Van Scoter has served as Solid Power's Chief Executive Officer, President, and a Class I Director since June 2023. Prior to joining Solid Power, he was Vice President, General Manager Products at SRI International Inc. from 2019 to June 2023. From 2010 to 2018, Mr. Van Scoter served as the CEO, President, and Chairman of eSolar, Inc., an early-stage solar power plant technology company. He held multiple leadership positions over nearly 30 years at Texas Instruments Incorporated, including Senior Vice President of Alternative Energy Strategy and Senior Vice President, General Manager of DLP® Products Division, where he was responsible for starting multiple technology businesses and established the DLP® division as a high growth and profit center. He also served as Executive Chairman at Princeton Identity, an SRI spin-out.

Linda Heller, Chief Financial Officer, Treasurer, and Secretary

Ms. Heller has served as Solid Power's Chief Financial Officer and Treasurer since June 2024 and Secretary since May 2025. Before Solid Power, she was Chief Financial Officer of Swell Energy, Inc., a distributed solar energy resource and deployment platform company, from May 2021 until June 2024, where she played a critical role in the company's debt and equity capital financings and successful acquisition and integration of Renu Energy Systems. Ms. Heller served as Chief Financial Officer and Corporate Secretary of Deca Technologies, Inc., a wafer technology company, from September 2017 to March 2020. She was also Chief Financial Officer of eSolar, Inc. from 2013 to 2017, and Senior Vice President, Finance and CFO of Power-One, Inc., a formerly publicly traded company, from 2008 to 2010.

Josh Buettner-Garrett, Chief Technology Officer

Mr. Buettner-Garrett has served as Solid Power's Chief Technology Officer since November 2013. Prior to joining Solid Power, he was Program Manager of the Energy Storage Group at ADA Technologies, Inc., a research and product development business, from 2011 to 2013, and a Senior Research Scientist in the same group from 2010 to 2011.

Ramelle Gilliland, EVP of Strategic Supply Chain Management

Ms. Gilliland serves as the Executive Vice President of Strategic Supply Chain Management, a role critical for Solid Power's focus on electrolyte production and supply chain partnerships.

Berislav Blizanac, Executive Vice President, Cell Technologies

Mr. Blizanac is the Executive Vice President of Cell Technologies and oversees the company's battery cell development.

AI Analysis | Feedback

Solid Power (SLDP) faces several key risks inherent in its business of developing and commercializing all-solid-state battery cells.

Key Risks to Solid Power (SLDP)

  1. Commercialization and Scalability Challenges: Solid Power is a pre-commercial company, and its business success hinges on the uncertain development and commercialization of its sulfide-based solid electrolytes and cell technology. There are significant technical hurdles in developing electrolytes capable of high-volume production with acceptable performance and costs, and the unpredictability of battery technology development could delay or prevent revenue generation. The path from pilot production to commercial-scale manufacturing requires substantial capital expenditure, and meaningful commercial revenue from selling electrolytes is not expected until 2027/2028 at the earliest. The company has faced performance issues during cell development and still needs to overcome technological challenges for complete refinement before progressing to commercial production.
  2. Intense Competition and Market Adoption Risks: The battery industry is highly competitive, with numerous players, including established companies and other solid-state battery developers like QuantumScape, Toyota, and Samsung SDI, vying for market share. Solid Power's business model relies on the successful integration of its technology by partners, such as Ford and BMW, and widespread market adoption. However, agreements with partners are often non-exclusive, posing a risk that partners may pursue other technologies or that delays in technology acceptance could adversely impact the company's prospects. The lack of a fully commercial market for sulfide-based solid electrolytes also presents a risk, as does the potential inability to compete effectively if such a market emerges.
  3. Financial Risks and Capital Requirements: As an R&D stage company, Solid Power has a history of accumulated deficits, ongoing financial losses, and significant operating expenses. The company requires continuous funding to sustain its research, development, and scaling efforts. While Solid Power has maintained a strong liquidity position, it is burning through cash, and further capital raises or financing may be required before mass commercialization, potentially leading to shareholder dilution. The transition from a research-focused entity to a commercially viable company is critical for long-term financial stability.

AI Analysis | Feedback

The development by Toyota of its own solid-state battery technology, with claimed breakthroughs in durability and manufacturing processes, alongside an aggressive commercialization timeline by 2027-2028, poses a clear emerging threat to Solid Power. As a major automotive original equipment manufacturer (OEM) with substantial R&D resources and manufacturing capabilities, Toyota's success in rapidly bringing a competitive or superior solid-state battery to market could significantly reduce the addressable market and partnership opportunities for Solid Power and other independent solid-state battery developers.

AI Analysis | Feedback

Solid Power, Inc. (SLDP) focuses on developing and commercializing all-solid-state battery cells and solid electrolyte materials for the battery-powered electric vehicle (EV) market. The addressable markets for their main products and services are global.

All-Solid-State Battery Cells for Electric Vehicles

The global market for solid-state batteries for electric vehicles was valued at approximately $1.4 billion in 2025. This market is projected to reach an estimated $27.8 billion by 2034, demonstrating a compound annual growth rate (CAGR) of 36.7% from 2026 to 2034. Other estimates also indicate substantial growth, with the global solid-state battery market projected to reach $17.78 billion by 2031, growing at a CAGR of 34.3% from 2024 to 2031. More specifically for electric vehicles, the solid-state car battery market was estimated at $259.8 million in 2023 and is projected to reach $6,889.2 million (approximately $6.9 billion) by 2030, with a CAGR of 54.0% from 2024 to 2030. The adoption rate of solid-state batteries in EVs is projected to account for up to 30% of the EV battery market by 2030.

Solid Electrolyte Materials

The global solid electrolyte market, which includes materials central to solid-state battery design, was valued at $407.6 million in 2025. This market is projected to grow significantly, reaching an estimated $5,396.38 million (approximately $5.4 billion) by 2034, with a CAGR of 33.25% during the forecast period of 2026-2034. Another projection indicates the global solid electrolyte material market is anticipated to be worth $1,356.6 million in 2026 and is expected to reach $4,747.54 million (approximately $4.7 billion) by 2035 at a CAGR of 15.1%.

AI Analysis | Feedback

Solid Power, Inc. (SLDP) anticipates future revenue growth over the next 2-3 years to be driven by several key factors as it progresses toward commercialization of its solid-state battery technology.

  1. Increased Sales of Sulfide-Based Solid Electrolyte Materials: Solid Power's core commercialization strategy involves manufacturing and selling its proprietary sulfide-based solid electrolyte to Tier 1 battery manufacturers and automotive Original Equipment Manufacturers (OEMs). The company's revenue growth is directly tied to expanding the sales volume of this material.
  2. Expansion and Execution of Strategic Partnerships and Licensing Agreements: Revenue generation is expected from deepening existing collaborations and forming new ones. Solid Power has an ongoing line installation agreement with SK On, which has been a primary driver of past revenue. Additionally, a Joint Evaluation Agreement with Samsung SDI and BMW for advancing all-solid-state battery development, including the demonstration of Solid Power's technology in a BMW i7 test vehicle, indicates a path for future revenue through technology validation and potential licensing of its cell designs and manufacturing processes.
  3. Scaling Up Electrolyte Production Capacity: A significant driver of future revenue will be the expansion of Solid Power's production capabilities for its solid electrolyte. The company plans to commission a continuous electrolyte production pilot line by the end of 2026, aiming to increase its annual production capacity to up to 75 metric tons. Efforts are also underway to explore potential partnerships for commercial-scale electrolyte production in Korea, with a target of up to 500 metric tons annually, which would enable substantial revenue growth through increased supply to the market.
  4. Advancement and Commercialization of All-Solid-State Battery (ASSB) Technology: While current revenue streams are focused on electrolyte sales and development work with partners, the ultimate long-term driver for Solid Power is the successful commercialization of its all-solid-state battery technology. Ongoing efforts to enhance electrolyte performance, refine process engineering, and tailor the electrolyte to customer specifications are critical steps towards this goal, which would unlock significant revenue potential from a broader adoption of its ASSB technology in the electric vehicle market.

AI Analysis | Feedback

Share Repurchases

  • Solid Power's Board authorized a stock repurchase program of up to $50 million in January 2024, expected to conclude by December 31, 2025.
  • In 2025, the company reported repurchases of common stock totaling $3.592 million.

Share Issuance

  • In January 2026, Solid Power completed a registered direct offering that raised approximately $130 million through the issuance of common stock and warrants to a single institutional investor.
  • The company generated net proceeds of $88.8 million in 2025 from an at-the-market (ATM) offering program.

Inbound Investments

  • Solid Power received a U.S. Department of Energy (DOE) grant of up to $50 million, which is linked to a new continuous electrolyte line.
  • The company has engaged in joint evaluation agreements and partnerships with companies such as Samsung SDI, BMW, and SK On to advance solid-state battery development and electrolyte sampling efforts.

Capital Expenditures

  • Capital expenditures for 2025 amounted to $10.2 million, primarily allocated to the planned construction of Solid Power's continuous electrolyte production pilot line.
  • For 2026, Solid Power anticipates a cash investment, which encompasses operating cash burn and capital expenditures, ranging from $85 million to $100 million.
  • The continuous electrolyte production pilot line, a key focus of capital expenditures, is expected to be commissioned by the end of 2026, aiming to increase annual electrolyte production capacity to up to 75 metric tons.

Better Bets vs. Solid Power (SLDP)

Peer Outperformance in Automotive Parts & Equipment

SLDP has trailed 82% of its 38 Automotive Parts & Equipment peers over 5Y. Among the peers that beat it is DAN. Automotive Parts & Equipment ranks 17th of 23 industries in Consumer Discretionary by median 5Y return. The sector’s gains have largely come from elsewhere.
Share of Automotive Parts & Equipment constituents that SLDP has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
13%
of 40 industry peers · -70.8% return
3Y
57%
of 40 industry peers · 19.5% return
5Y
18%
of 38 industry peers · -79.3% return
Automotive Parts & Equipment peers with revenue growth within 4pp of SLDP's that beat it on at least 2 of 3 windows, and by at least 20pp over 5Y. Growth is matched by construction, so the gap is largely a re-rating gap. The multiple column is the context for it.
Ticker Name Rev Growth 3Y Avg P/E 1Y3Y5Y 5Y Gap
SLDP Solid Power -11.2% -5.2x -70.8%19.5%-79.3% —
DAN Dana -8.0% 2.8x 53.2%134.0%29.8% +109pp
Price returns, excluding dividends. P/E shown for context only and not used for matching.
Median price return by industry across the Consumer Discretionary sector, ranked by 5Y. Automotive Parts & Equipment is SLDP's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Education Services 14 -18.2%81.7%87.3% CVSA 256% · PRDO 231% · LRN 143%
Homebuilding 18 -8.2%33.7%44.5% GRBK 190% · PHM 145% · TOL 134%
Specialty Stores 7 15.0%37.1%17.5% ASO 44% · DKS 32% · FIVE 17%
Hotels, Resorts & Cruise Lines 21 12.0%38.6%13.6% RCL 236% · MAR 151% · HLT 141%
Home Furnishings 3 -2.8%49.6%3.0% SGI 47% · MHK -33%
Home Improvement Retail 4 -17.8%8.4%-0.9% HD 0% · LOW -2% · FND -64%
Automotive Retail 18 -15.0%-0.2%-8.4% MUSA 237% · PAG 132% · ORLY 111%
Footwear 9 72.5%53.0%-9.1% DECK 45% · SHOO 21% · CROX -9%
Specialized Consumer Services 10 -13.9%21.7%-13.3% HRB 130% · FTDR 79% · SCI 41%
Distributors 4 -9.0%-25.4%-16.1% ARMK 122% · GPC 21% · LKQ -53%
Restaurants 36 -6.7%-9.5%-19.9% EAT 331% · CAKE 205% · TXRH 104%
Apparel Retail 26 2.0%8.8%-36.8% ANF 288% · TJX 142% · ROST 128%
Household Appliances 17 -4.6%16.4%-37.0%
Computer & Electronics Retail 3 19.8%54.0%-38.8% BBY 5% · GME -39%
Leisure Facilities 12 7.4%-9.6%-43.4% LTH 137% · OSW 122% · PLNT -42%
Leisure Products 14 -21.1%-15.6%-46.0% GOLF 75% · HAS 30% · MAT -12%
Automotive Parts & Equipment ← 39 -9.9%-23.6%-46.9% MOD 1173% · GTX 266% · BWA 52%
Apparel, Accessories & Luxury Goods 29 -0.2%18.8%-48.7% RL 263% · TPR 233% · KTB 68%
Casinos & Gaming 20 -11.6%-26.1%-49.6% MCRI 91% · BYD 12% · RRR 10%
Broadline Retail 14 -3.7%34.2%-52.1% EBAY 79% · AMZN 49% · OLLI 45%
Automobile Manufacturers 8 -65.3%-56.1%-77.7% GM 50% · TSLA 29% · F 7%
Consumer Electronics 11 -29.8%-32.5%-77.9% GRMN 102% · SONO -45%
Other Specialty Retail 17 -33.9%-39.3%-78.9% ULTA 46% · TSCO -9% · BBWI -67%
Median of constituents with a full price history over each window. Top names are limited to companies above $2B market cap.

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

SLDPQSSESENVXAMPXMVSTMedian
NameSolid Po.QuantumS.SES AI Enovix Amprius .Microvast 
Mkt Price2.124.210.882.668.490.572.39
Mkt Cap0.52.60.30.61.20.20.5
Rev LTM70233610836830
Op Inc LTM-108-441-73-178-18-35-90
FCF LTM-73-273-60-124-58-31-67
FCF 3Y Avg-78-299-69-156-49-48-74
CFO LTM-60-236-58-107-53-2-59
CFO 3Y Avg-62-251-61-105-394-62

Growth & Margins

SLDPQSSESENVXAMPXMVSTMedian
NameSolid Po.QuantumS.SES AI Enovix Amprius .Microvast 
Rev Chg LTM-64.3%-106.5%34.9%144.4%-13.0%34.9%
Rev Chg 3Y Avg-11.2%--474.3%219.1%21.0%120.1%
Rev Chg Q-115.7%-43.8%20.8%125.9%-4.5%20.8%
QoQ Delta Rev Chg LTM-50.4%-7.0%4.5%21.3%-1.1%4.5%
Op Inc Chg LTM-4.9%12.9%33.0%-7.1%52.7%-195.7%4.0%
Op Inc Chg 3Y Avg-12.6%1.5%0.0%-1.6%9.0%-5.0%-0.8%
Op Mgn LTM-1,455.4%--312.8%-496.5%-16.2%-9.5%-312.8%
Op Mgn 3Y Avg-818.6%---841.1%-148.8%-8.1%-483.7%
QoQ Delta Op Mgn LTM-762.8%-39.4%23.8%6.3%-3.4%6.3%
CFO/Rev LTM-809.5%--248.6%-299.3%-48.9%-0.5%-248.6%
CFO/Rev 3Y Avg-478.4%---447.4%-127.5%0.3%-287.4%
FCF/Rev LTM-989.8%--257.7%-346.2%-54.0%-8.3%-257.7%
FCF/Rev 3Y Avg-597.8%---699.0%-186.8%-14.0%-392.3%

Valuation

SLDPQSSESENVXAMPXMVSTMedian
NameSolid Po.QuantumS.SES AI Enovix Amprius .Microvast 
Mkt Cap0.52.60.30.61.20.20.5
P/S64.8-12.516.211.30.512.5
P/Op Inc-4.5-5.9-4.0-3.3-69.5-5.7-5.1
P/EBIT-5.4-6.5-4.0-4.2-69.53.9-4.8
P/E-5.3-6.4-4.3-3.4-33.43.9-4.8
P/CFO-8.0-11.0-5.0-5.4-23.0-115.2-9.5
Total Yield-19.1%-16.7%-22.2%-31.9%-3.2%27.7%-17.9%
Dividend Yield0.0%0.0%0.0%0.0%0.0%0.0%0.0%
FCF Yield 3Y Avg-20.3%-8.9%-20.6%-12.8%-18.3%-33.9%-19.3%
D/E0.00.00.00.90.01.00.0
Net D/E-0.5-0.3-0.50.1-0.10.3-0.2

Returns

SLDPQSSESENVXAMPXMVSTMedian
NameSolid Po.QuantumS.SES AI Enovix Amprius .Microvast 
1M Rtn-12.4%-16.6%42.9%-10.7%-7.3%-2.7%-9.0%
3M Rtn-9.8%-28.7%40.8%-43.4%-15.9%-38.7%-22.3%
6M Rtn-35.0%-40.2%-23.5%-59.3%-55.6%-69.4%-47.9%
12M Rtn-70.2%-76.4%-75.1%-79.8%-41.9%-91.0%-75.8%
3Y Rtn21.8%-33.0%-64.8%-75.1%148.2%-66.1%-48.9%
1M Excs Rtn-14.7%-19.4%48.4%-12.6%-10.3%-7.1%-11.4%
3M Excs Rtn-13.0%-33.2%33.5%-48.8%-21.4%-42.4%-27.3%
6M Excs Rtn-46.1%-51.9%-33.9%-71.2%-67.2%-81.1%-59.5%
12M Excs Rtn-87.3%-93.8%-89.1%-98.4%-54.5%-108.0%-91.4%
3Y Excs Rtn-73.0%-119.3%-142.7%-161.8%9.0%-153.7%-131.0%

Comparison Analyses

null

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Single Segment182017123
Total182017123


Price Behavior

Price Behavior
Market Price$2.08 
Market Cap ($ Bil)0.5 
First Trading Date05/18/2021 
Distance from 52W High-75.6% 
   50 Days200 Days
DMA Price$2.36$3.10
DMA Trendupdown
Distance from DMA-12.0%-33.0%
 3M1YR
Volatility52.4%88.5%
Downside Capture316.97475.96
Upside Capture220.72257.10
Correlation (S&P 500)58.3%44.3%
SLDP Betas & Captures as of 9/30/2026

 1M2M3M6M1Y3Y
Beta2.603.163.272.883.071.90
Up Beta-2.242.202.331.811.191.45
Down Beta5.064.184.222.693.141.24
Up Capture326%421%367%371%978%3467%
Bmk +ve Days6162766132424
Stock +ve Days12243158114334
Down Capture225%264%315%287%187%113%
Bmk -ve Days16263760120328
Stock -ve Days7142759125375

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with SLDP
SLDP-69.5%88.6%-0.97-
Sector ETF (XLY)-4.3%19.1%-0.3639.0%
Equity (SPY)17.6%12.7%0.9944.1%
Gold (GLD)0.5%29.5%0.0221.8%
Commodities (DBC)50.9%20.7%1.880.1%
Real Estate (VNQ)4.7%13.7%0.086.8%
Bitcoin (BTCUSD)-28.1%43.7%-0.6331.6%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with SLDP
SLDP-27.4%87.5%0.01-
Sector ETF (XLY)4.8%24.1%0.1635.1%
Equity (SPY)13.4%17.1%0.6032.7%
Gold (GLD)18.5%18.9%0.7911.5%
Commodities (DBC)9.7%19.5%0.388.1%
Real Estate (VNQ)1.1%18.8%-0.0524.6%
Bitcoin (BTCUSD)8.7%51.8%0.3522.2%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with SLDP
SLDP-14.3%85.0%0.03-
Sector ETF (XLY)11.9%22.2%0.4934.8%
Equity (SPY)15.4%17.9%0.7332.1%
Gold (GLD)12.2%16.4%0.6111.0%
Commodities (DBC)8.2%18.1%0.377.9%
Real Estate (VNQ)5.0%20.7%0.2024.3%
Bitcoin (BTCUSD)63.1%66.2%1.0320.6%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date9302026
Short Interest: Shares Quantity28.2 Mil
Short Interest: % Change Since 91520261.5%
Average Daily Volume3.2 Mil
Days-to-Cover Short Interest8.9 days
Basic Shares Quantity226.0 Mil
Short % of Basic Shares12.5%

Earnings Returns History

Updated 9/14/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/4/2026-7.0%4.8%7.0%
5/5/2026-4.7%-14.5%-5.4%
2/24/20264.0%-5.4%-13.0%
11/4/202551.6%26.4%-7.9%
8/6/202530.6%40.5%22.2%
5/6/20256.2%26.5%25.7%
2/27/20250.8%-5.7%-11.5%
11/7/2024-1.7%-10.2%-0.8%
...
SUMMARY STATS   
# Positive10106
# Negative9913
Median Positive6.5%10.4%12.1%
Median Negative-4.7%-10.2%-7.9%
Max Positive51.6%40.5%25.7%
Max Negative-19.2%-14.5%-50.3%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/4/2026-7.0%4.8%7.0%
5/5/2026-4.7%-14.5%-5.4%
2/24/20264.0%-5.4%-13.0%
11/4/202551.6%26.4%-7.9%
8/6/202530.6%40.5%22.2%
5/6/20256.2%26.5%25.7%
2/27/20250.8%-5.7%-11.5%
11/7/2024-1.7%-10.2%-0.8%
8/6/2024-19.2%-9.1%-20.5%
5/7/2024-2.8%11.2%-6.1%
2/27/2024-3.5%-13.9%11.0%
11/7/20236.2%9.7%-3.4%
8/8/20236.8%-8.4%-15.3%
5/8/2023-7.2%-13.0%9.9%
2/28/2023-13.3%-13.9%-14.8%
11/8/2022-3.0%2.3%-50.3%
8/9/202212.1%7.3%-6.6%
5/10/20225.8%35.2%13.2%
3/22/20228.9%9.2%-3.4%
SUMMARY STATS   
# Positive10106
# Negative9913
Median Positive6.5%10.4%12.1%
Median Negative-4.7%-10.2%-7.9%
Max Positive51.6%40.5%25.7%
Max Negative-19.2%-14.5%-50.3%

SEC Filings

Expand for More
Report DateFiling DateFiling
06/30/202608/05/202610-Q
03/31/202605/06/202610-Q
12/31/202502/25/202610-K
09/30/202511/05/202510-Q
06/30/202508/07/202510-Q
03/31/202505/07/202510-Q
12/31/202402/28/202510-K
09/30/202411/08/202410-Q
06/30/202408/07/202410-Q
03/31/202405/08/202410-Q
12/31/202302/28/202410-K
09/30/202311/08/202310-Q
06/30/202308/09/202310-Q
03/31/202305/10/202310-Q
12/31/202203/01/202310-K
09/30/202211/09/202210-Q
Collapse to Preview
Report DateFiling DateFiling
06/30/202608/05/202610-Q
03/31/202605/06/202610-Q
12/31/202502/25/202610-K
09/30/202511/05/202510-Q
06/30/202508/07/202510-Q
03/31/202505/07/202510-Q
12/31/202402/28/202510-K
09/30/202411/08/202410-Q
06/30/202408/07/202410-Q
03/31/202405/08/202410-Q
12/31/202302/28/202410-K
09/30/202311/08/202310-Q
06/30/202308/09/202310-Q
03/31/202305/10/202310-Q
12/31/202203/01/202310-K
09/30/202211/09/202210-Q
06/30/202208/10/202210-Q
03/31/202205/11/202210-Q
12/31/202103/23/202210-K
06/30/202111/10/2021424B3

Insider Activity

Updated 7/1/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Roe, Lesa B DirectSell52120262.6639,207104,291648,974Form
2Anderson, Erik J WestRiver Management, LLCSell120820255.2030,000156,072819,987Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Roe, Lesa B DirectSell52120262.6639,207104,291648,974Form
2Anderson, Erik J WestRiver Management, LLCSell120820255.2030,000156,072819,987Form

Investor Activity (13F)

Updated Oct 16, 2026
13F holdings as of Mar 31, 2026 (Q1 2026)

Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.

Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Heights Capital Management, Inc$37.2 Mil10.4%264New13F
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Heights Capital Management, Inc$37.2 Mil10.4%264New13F
Active Manager
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Heights Capital Management, Inc$37.2 Mil10.4%264New13F
Core Cache Last Updated: 10/15/2026