Solid Power's net loss narrows in Q2 as it maintained operating expenses, strong liquidity
Solid Power's net loss narrows in Q2 as it maintained operating expenses, strong liquidity
Overview
US solid-state battery developer's Q2 revenue and grant income turned negative due to milestone adjustment
Q2 net loss narrowed yr/yr as company maintained operating expenses and strong liquidity
Company advanced manufacturing pilot line and JV talks for commercial-scale electrolyte production in Korea
Outlook
Company maintains 2026 cash investment guidance of $85 mln to $100 mln
Solid Power expects operational startup of continuous manufacturing pilot line in Q4 2026
Company advancing discussions for potential joint venture in commercial-scale electrolyte production
Result Drivers
MILESTONE PAYMENT ADJUSTMENT - Co recorded a negative revenue and grant income in Q2 due to a reversal of previously recognized revenue from a change in assumptions related to milestone payments
MANUFACTURING PILOT LINE PROGRESS - Co said execution of its continuous manufacturing pilot line remains on schedule, with major equipment installation advancing and plant validation planned for Q4
ELECTROLYTE PERFORMANCE IMPROVEMENT - Co reported improved electrolyte performance through work with Samsung SDI and BMW
Company press release: ID:nBw6y3Lx3a
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Loss Per Share |
| $0.11 |
|
Q2 Net Loss |
| $23.82 mln |
|
Q2 Operating Income |
| -$30.29 mln |
|
Q2 Pretax Loss |
| $23.97 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the auto, truck & motorcycle parts peer group is "buy"
Wall Street's median 12-month price target for Solid Power, Inc is $6.88, about 222.8% above its August 3 closing price of $2.13
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)