Solid Power, Inc. reports results for the quarter ended September 30 - Earnings Summary

• Solid Power, Inc. reported a quarterly adjusted loss of 11 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of -14 cents. The mean expectation of two analysts for the quarter was for a loss of 11 cents per share. Wall Street expected results to range from -12 cents to -11 cents per share.

• Revenue fell 93.5% to $243.00 thousand from a year ago; analysts expected $1.59 million.

• Solid Power, Inc.'s reported EPS for the quarter was a loss of 11 cents​.

• The company reported a quarterly loss of $24.35 million.

• Solid Power, Inc. shares had fallen by 17.1% this quarter and lost 53.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 8% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• 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 also "buy"

• Wall Street's median 12-month price target for Solid Power, Inc. is $6.88, about 71.3% above its last closing price of $1.97

This summary was machine generated from LSEG data November 3 at 10:47 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)