Welcome to our dedicated page for Solid Power Warrant news (Ticker: SLDPW), a resource for investors and traders seeking the latest updates and insights on Solid Power Warrant stock.
Solid Power Inc is engaged in developing all-solid-state battery cell technology to enable the next generation of batteries for the EV and other markets. The company's planned business model is to license its all-solid-state battery cell designs and manufacturing know-how to top tier battery manufacturers or automotive original equipment manufacturers and to sell its sulfide-based solid electrolyte for incorporation into all-solid-state battery cells.
Latest News: “This program is a reflection of our strong cash position and commitment to creating shareholder value,” said John Van Scoter, President and Chief Executive Officer of Solid Power, Inc. “It is driven by our view that Solid Power’s shares are undervalued and demonstrates confidence in our progress. We believe that with our unique capital-light business model, we can opportunistically buy back shares while continuing to drive technology development.” Repurchases may be made at management’s discretion from time to time on the open market or through privately negotiated transactions. The repurchase program expires December 31, 2025, may be suspended for periods or discontinued at any time, and does not obligate the Company to acquire any amount of shares.
Business, operational, and financial update call scheduled for 4:30 p.m. ET today
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Solid Power, Inc. (SLDP) announces operational and financial results for 2023, highlighting achievements in electrolyte production, new agreements, and share repurchase. Revenue increased to $17.4 million, with operating loss at $90.6 million and net loss at $65.5 million. The company maintains strong liquidity of $415.6 million. 2024 objectives include expanding electrolyte capabilities, advancing cell designs, and strengthening presence in Korea.
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Solid Power, Inc. (SLDP) will announce its full year 2023 results on February 27, 2024, followed by a conference call. Investors can access the webcast or call in to listen. The replay will be available until March 12, 2024.
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Solid Power, Inc. (SLDP) has authorized a $50 million stock repurchase program, reflecting the company's strong cash position and commitment to creating shareholder value. The program is driven by the belief that the company's shares are undervalued and aims to demonstrate confidence in its progress. Repurchases may be made at management's discretion on the open market or through privately negotiated transactions, with the program expiring on December 31, 2025.
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Solid Power (Nasdaq: SLDP) has deepened its partnership with SK On through three new agreements, expanding its presence in Korea and strengthening the relationship with SK On. The agreements include a research and development license, a line installation arrangement, and an electrolyte supply agreement. The partnership is expected to bring in at least $50 million in revenue for Solid Power. The line installation arrangement will see Solid Power design, procure, and install a new cell manufacturing line at one of SK On's Korea facilities, while SK On will use Solid Power's cell technology for research and development and produce batteries on a new solid-state line. The electrolyte supply agreement will see SK On purchase at least eight metric tons of electrolyte from Solid Power through 2030.
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Solid Power, Inc. (Nasdaq: SLDP) Announces Financial Results and Automotive Qualification Milestone
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Solid Power, a leading developer of solid-state battery technology, will participate in several upcoming investor conferences. These include the Deutsche Bank AutoTech Conference on November 9, 2023, the Janney Clean Energy Investment Symposium from December 5-7, 2023, and the 26th Annual Needham Growth Conference from January 16-19, 2024.
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Solid Power, Inc. (Nasdaq: SLDP) will release its Q3 2023 results on November 7, 2023, after market close. A conference call will be held at 2:30 p.m. MT (4:30 p.m. ET) on the same day. Interested parties can listen to the webcast or join the call. A recording will be available afterwards.
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Solid Power, a leading developer of solid-state battery technology, announced that David Jansen, Chairperson of the Board, will step down on September 1, 2023, and retire from the company on October 8, 2023. John Stephens, Lead Independent Director, will become the new Chairperson. Jansen has been instrumental in building a strong team, opening an electrolyte production facility, and deepening the company's relationship with BMW.
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Solid Power, a leading developer of solid-state battery technology, announced its financial results for Q2 2023. The company reported revenue of $4.9 million, an increase of $2.3 million compared to Q2 2022. Solid Power also highlighted its progress in electrolyte powder production and large-scale production of EV cells. The company appointed a new President and CEO, John Van Scoter, who outlined the company's near-term priorities and growth opportunities. Solid Power's liquidity position remained strong at $443.4 million.
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Solid Power, Inc. (Nasdaq: SLDP) will release its second quarter 2023 results on August 8, 2023, followed by a conference call at 3:00 p.m. MT. Interested investors can listen to the webcast or access the call over the phone. A recording will be available afterwards.
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FAQ
What is the current stock price of Solid Power Warrant (SLDPW)?
The current stock price of Solid Power Warrant (SLDPW) is $0.3 as of January 10, 2025.
What is Solid Power Inc engaged in developing?
Solid Power Inc is engaged in developing all-solid-state battery cell technology to enable the next generation of batteries for the EV and other markets.
What is the company's planned business model?
The company's planned business model is to license its all-solid-state battery cell designs and manufacturing know-how to top tier battery manufacturers or automotive original equipment manufacturers and to sell its sulfide-based solid electrolyte for incorporation into all-solid-state battery cells.
Who is the President and Chief Executive Officer of Solid Power, Inc?
John Van Scoter is the President and Chief Executive Officer of Solid Power, Inc.
What is the latest news about Solid Power, Inc?
The latest news includes a reflection on the strong cash position, commitment to creating shareholder value, and a buyback program for shares.
When does the repurchase program expire?
The repurchase program expires on December 31, 2025.
What are the 2023 financial highlights of Solid Power, Inc?
In 2023, the revenue was $17.4 million, operating loss was $90.6 million, and net loss was $65.5 million, or $0.37 per share.
What is the total liquidity position of Solid Power, Inc as of December 31, 2023?
The total liquidity position of Solid Power, Inc as of December 31, 2023 was $415.6 million.
What are the key objectives for Solid Power, Inc in 2024?
The key objectives for 2024 include cash used in operations in the range of $60 million to $70 million, capital expenditures in the range of $40 million to $50 million, and revenue in the range of $20 million to $25 million.
When will the conference call for Solid Power, Inc take place?
The conference call will take place at 2:30 p.m. MT (4:30 p.m. ET) today, February 27, 2024.
How can interested investors and other parties access the conference call for Solid Power, Inc?
Interested parties can listen to a webcast of the live conference call through Solid Power’s Investor Relations website or access it live over the phone.
Solid Power, Inc. Warrant
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