NasdaqGS:SLDPAuto Components
Solid Power (SLDP) Stock Drops As Negative Revenue Sharpens Cash Burn Concerns
Solid Power stock gave back 7% today and that looks less like panic and more like a blunt reaction to one headline number. Q2 revenue landed in negative territory at about US$0.3 million because of a contract adjustment. The company still posted a net loss of US$23.8 million, or US$0.11 per share.
The emotional trigger here is the negative revenue print. The fundamental story is that Solid Power is still a pre commercial battery materials company burning cash to build electrolyte capacity,...