
Solid Power (SLDP) Stock Forecast & Price Target
Solid Power (SLDP) Analyst Ratings
Bulls say
The financial outlook for Solid Power Inc. is bolstered by its strategic focus on all-solid-state battery (ASSB) technology, which offers significant advantages such as improved safety, higher energy density, and longer lifespan compared to traditional lithium-ion batteries. The company is effectively leveraging grant funding to enhance its sulfide electrolyte manufacturing capacity, which positions it favorably to secure larger supply agreements and expand its network of partners in the EV market. Additionally, Solid Power's ability to customize battery cell designs and provide tailored solutions supports its competitive edge, fostering a growing pipeline of potential partnerships with original equipment manufacturers and battery manufacturers.
Bears say
The analysis indicates a negative outlook for Solid Power Inc. due to a reduction in FY24 revenue guidance, attributed to a revised accounting treatment that has raised concerns about operational cash flow and capital expenditure. Additionally, the company acknowledged a slower-than-expected uptake in electrolyte development revenues from new customers, which further dampens investor sentiment amid low electric vehicle (EV) adoption expectations. With an estimated EV penetration of only 35% by 2030 and a decrease in projected revenue from partners, Solid Power's financial prospects appear increasingly precarious.
This aggregate rating is based on analysts' research of Solid Power and is not a guaranteed prediction by Public.com or investment advice.
Solid Power (SLDP) Analyst Forecast & Price Prediction
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