Solid Power Q3 revenue misses expectations, narrows 2026 cash investment guidance

Overview

• US solid-state battery developer's Q3 revenue missed analyst expectations

• Q3 net loss was $24.4 mln, or $0.11 per share

• Company lowered 2026 cash investment guidance to $75-85 mln

Outlook

• Solid Power lowers 2026 cash investment guidance to $75 mln-$85 mln from $85 mln-$100 mln

Result Drivers

• ELECTROLYTE PRODUCTION - Co introduced materials into its MOBIUS continuous electrolyte production line, with full commissioning expected by year-end

• CUSTOMER ENGAGEMENTS - Co provided electrolyte material to key customers including Samsung SDI and SK On in the quarter

• OPERATING EXPENSES - Q3 operating expenses rose due to strategic consulting fees supporting commercial readiness objectives

Company press release:

Key Details

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 249% above its November 2 closing price of $1.97

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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.)