Solid Power Q3 revenue misses estimates

Solid Power

04/11/2025 21:45

Overview

Solid Power Q3 revenue misses analyst expectations

Company reports $4.6 mln in revenue and grant income for Q3 2025

Outlook

Solid Power expects 2025 cash investment between $85 mln and $95 mln

Result Drivers

PARTNERSHIP ADVANCEMENT - Solid Power cites Joint Evaluation Agreement with Samsung SDI and BMW as a key driver for battery technology development

SITE ACCEPTANCE TESTING - Revenue driven by site acceptance testing milestone under SK On agreement

OPERATIONAL EFFICIENCIES - Co focused on operational efficiencies and cost reductions while driving innovation

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
$3.73 mln
$5.70 mln (2 Analysts)
Q3 EPS
-$0.14
Q3 Net Income
-$25.86 mln
Q3 Operating Income
-$24.42 mln
Q3 Pretax Profit
-$24.90 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "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 $4.00, about 60.5% below its November 3 closing price of $6.42

Press Release: ID:nBw8wvLsPa

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