How to Buy Solid Power Stock
Solid Power Inc
Solid Power, Inc. focuses on the development and commercialization of all-solid-state battery cells and solid electrolyte materials for the battery-powered electric vehicle market in the United States.
Solid Power stock last closed at $1.64, up 3.8% from the previous day, and has decreased 30.51% in one year. It has underperformed other stocks in the Electrical Equipment & Parts industry by 0.43 percentage points. Solid Power stock is currently +48.69% from its 52-week low of $1.10, and -48.75% from its 52-week high of $3.20.
There are currently 181.09M shares of SLDP outstanding. The market cap of SLDP is $296.99M. In the past 24 hours, 2.13M SLDP shares were traded.
How to Buy Solid Power Stock
Not sure how to invest in Solid Power stock? Here's how.
- Figure out where to buy Solid Power stock: You need to pick an online brokerage, but don't worry - we've tried dozens of stock brokerages and apps to help you decide where to buy Solid Power stock.
- Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Deposit funds into your investment account: Select your payment method and add your information.
- Evaluate Solid Power stock: The Solid Power ticker symbol is SLDP. Is Solid Power stock a good investment? Should you buy shares of SLDP? How do SLDP's underlying business fundamentals look? Do top analysts think Solid Power is a good buy? Why has SLDP's stock price moved recently? (Hint: Our stock market research tools can help you evaluate if SLDP is a good stock to buy).
- Place your SLDP buy order: Decide if you will purchase SLDP shares at the current market price or use a limit order to buy SLDP stock at a specific price.
- Get notifications regarding your SLDP position: Create a watchlist to monitor your position in Solid Power stock.
Step 1: Figure out where to buy Solid Power stock
You need an online brokerage account in order to access the NASDAQ market and buy SLDP shares.
Our preferred brokerage: eToro
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- Security: eToro is a regulated and licensed brokerage platform.
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Get $10 towards your purchase of stock by opening an account with eToro today.
Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've chosen your brokerage, you'll need to fill out some personal info so you are able to invest in SLDP stock today.
How to Create a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal data to start your new brokerage account.
- Send your information by hitting the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your investment account
Now that you have opened your account on a mobile trading app, you can securely and quickly fund your account:
Check out this video walkthrough for more details transferring funds into your investment account.
Step 4: Evaluate Solid Power stock
After you have figured out the best place to buy Solid Power stock, it's important to analyze their stock before you buy, so you actually wrap your head around the risk and opportunity.
Solid Power shares quick numbers
Fundamentals of SLDP
WallStreetZen was designed to help average investors perform more in-depth fundamental analysis in less time.
You can see all of the due diligence checks on SLDP's stock page.
How is SLDP stock valued?
Analysts use many financial metrics, analyses, models, and charts to gauge SLDP's intrinsic value.
Using relative valuations metrics:
- SLDP could be undervalued based on its P/B ratio of 0.59x, relative to Electrical Equipment & Parts industry P/B ratio of 3.88x
You can access more valuation analysis on SLDP's stock here.
A quick look at SLDP Financials
Passed Health Checks:
- There are more short-term assets than short-term liabilities on the SLDP balance sheet.
- SLDP has a low debt to equity ratio of 0.06.
- There are more short-term assets than long-term liabilities on the SLDP balance sheet.
- SLDP has cash burn of 92773000. It has sufficient cash and short-term investments to cover this for at least one year.
Failed Health Checks:
- SLDP profit margin has gone down from -81.1% to -376.5% in the past year.
- SLDP has $176.04M in cash and short term investments. This is not sufficient to cover its annual cash burn of $92.77M.
Is SLDP stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 3 sell side analysts who research SLDP, the consensus analyst rating on Solid Power is a Buy
It's important to keep in mind that analyst ratings are not stock recommendations, nor are they investment advice.
You can dive deeper into what analysts are projecting on the Solid Power stock forecast page.
Metrics for Advanced SLDP Traders
SLDP Earnings
Last year, SLDP revenue was $17.41M. Over the past 4 year, SLDP's revenue has increased by 66.31% per year. This was faster than the Electrical Equipment & Parts industry average of 10.11%.
Dive into SLDP's earnings and revenue performance here.
Who is buying/selling SLDP?
In the past 12 months, insiders at SLDP have sold more shares than they have bought.
Joshua Buettnergarrett, Chief Technology Officer of SLDP, was the latest SLDP insider to sell. They sold $348,937.50 worth of SLDP stock on Apr 3, 2024.
Get more info about who owns SLDP shares here.
Does SLDP provide a stable income stream?
No, Solid Power doesn't provide an income stream by paying out dividends.
SLDP Social Trading Data
One of the major reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to find out what other community members have to say.
Step 5: Place your SLDP buy order
You have two main order types:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are mostly the easiest way to buy. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at a given dollar amount limit, place a limit order.
Click the Open Trade button and your broker will execute the order.
If you require more help buying stocks on eToro, watch the how to video below:
Step 6: Get notifications regarding your SLDP position
Now that you own some shares in SLDP, you'll want to stay up-to-date on your investment.
Start a watchlist to get notified of important updates regarding your SLDP stock.
SLDP Feed
How to Buy Stock in Solid Power
To reiterate, here are the 6 steps you need to take to buy Solid Power stock right now:
- Figure out where to buy Solid Power stock
- Sign up for a brokerage account
- Deposit funds into your investment account
- Evaluate Solid Power stock
- Place your SLDP buy order
- Get notifications regarding your SLDP position
If you need a online brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you want to watch your new investment in Solid Power, create a watchlist on WallStreetZen today.
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