Solid Power Inc reports results for the quarter ended June 30 - Earnings Summary

• Solid Power Inc SLDP.OQ reported a quarterly adjusted loss of 14 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of -13 cents. The mean expectation of two analysts for the quarter was for a loss of 14 cents per share.

• Revenue rose 27.8% to $6.49 million from a year ago; analysts expected $6.45 million.

• Solid Power Inc's reported EPS for the quarter was a loss of 14 cents​.

• The company reported a quarterly loss of $25.34 million.

• Solid Power Inc shares had risen by 65.3% this quarter and gained 91.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 16.7% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the auto, truck & motorcycle parts peer group is also "buy"

• Wall Street's median 12-month price target for Solid Power Inc is $2.00, about 71.5% below its last closing price of $3.43

This summary was machine generated from LSEG data August 6 at 10:27 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)