DA Davidson Reiterates Neutral Rating on Solid Power (SLDP)

DA Davidson analyst Michael Shlisky reiterated a Neutral rating and $3.00 price target on Solid Power (NASDAQ: SLDP).

The analyst comments "We are maintaining our NEUTRAL rating and $3 price target on SLDP following 2Q:24 earnings. The company continues to take modest but ongoing steps toward new-business development as well as commercialization. We do not view the revenue-guidance reduction as relevant at the moment, as these are only test-unit sales at levels far below what a full vehicle platform would demand. We were perhaps most impressed by SLDP's progress and hires in Korea, as management sees some of its best new-customer opportunities there. We're still several years away from commercialization, but as this point draws closer we could turn more constructive on SLDP."

For an analyst ratings summary and ratings history on Solid Power click here. For more ratings news on Solid Power click here.

Shares of Solid Power closed at $1.42 yesterday.

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