Solid Power Q1 revenue falls

Solid Power

05/05/2026 21:54

Overview

U.S. solid-state battery developer's Q1 revenue and grant income fell yr/yr to $3.1 mln

Company posted Q1 net loss of $13.0 mln, or $(0.06) per share

Solid Power raised $121.3 mln from registered direct offering in Q1

Outlook

Company says commissioning of continuous electrolyte production pilot line remains on track for end-2026

Result Drivers

MILESTONE REVENUE - Q1 revenue was mainly from progress toward site acceptance testing milestone under SK On line installation agreement

GRANT INCOME - Grant income was recognized from performance on a U.S. Department of Energy assistance agreement

OPERATING EXPENSES - Operating expenses decreased slightly due to timing of supplier and material shipments

Company press release: ID:nBw2G4GMha

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue and grant income
Miss
$3.1 mln
$3.33 mln (2 Analysts)
Q1 EPS
-$0.06
Q1 Net Income
-$13.03 mln
Q1 Operating Income
-$26.35 mln
Q1 Pretax Profit
-$12.87 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 $7.00, about 102.3% above its May 4 closing price of $3.46

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)