Updated Aug 9 at 8:11am ET.
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Solid Power lost about 11 cents per share last quarter, which was slightly better than the 12-cent loss analysts expected. While the company is not yet generating meaningful revenue from selling products, it reached a key milestone in its agreement with SK On and is in talks for a potential joint venture in South Korea to produce electrolyte, the material that allows electricity to flow through a battery.
The most important update for long-term owners is that the company's pilot manufacturing line remains on schedule for an operational startup in the fourth quarter of 2026. This line is the critical test for whether Solid Power can produce its electrolyte at high volumes. If successful, it would clear the path for larger commercial contracts with its partners, including BMW and Samsung SDI.
Source: 8-K filing
Analysts have maintained a steady outlook on the stock following its recent quarterly earnings report. Two of the five experts rate the stock a buy, and the average price target of $7 suggests a potential 190% gain.
The company has a consistent habit of beating analyst expectations, clearing the bar in seven of the last eight quarters. This suggests management is disciplined about setting targets they can actually hit.
| Expectation | |
|---|---|
| EPS | $-0.11 |
| Revenue | $1M |
Seeking Alpha · Opinion · Aug 4
Business Wire · Press release · Aug 4
Seeking Alpha · Opinion · Jul 23
Business Wire · Press release · Jul 21
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