Solid Power Inc (NASDAQ:SLDP) shares are soaring on Wednesday after the company revealed better-than-expected third-quarter earnings per share results.
SLDP is poised for potential breakout. Track the action here.
What Happened: Solid Power reported quarterly losses of 14 cents per share per share, versus the analyst consensus estimate of 17 cents per share.
The company reported quarterly sales of $3.7 million, versus the analyst consensus estimate of $5.7 million.
Solid Power reported $4.6 million in combined revenue and grant income for the third quarter of 2025, bringing its total year-to-date recognized revenue to $18.1 million. The quarterly revenue was largely attributed to progress made on the site acceptance testing milestone linked to its line installation agreement with SK On Co.
The company announced a Joint Evaluation Agreement, marking meaningful advancement in Solid Power’s path toward commercialization.
Following the results, Needham analyst Chris Pierce maintained a Buy rating on Solid Power and raised the price target to $7 from $4.
SLDP Price Action: Solid Power shares were up 52.72% at $8.57 at the time of publication on Wednesday. The stock is trading at a new 52-week high, according to Benzinga Pro.
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