Solid Power, Inc. - Class A Common Stock (SLDP)

QuantumScape Corporation (NYSE:QS), a leading developer of solid-state lithium-metal batteries for electric vehicles, saw its shares drop sharply following its latest earnings announcement. The decline reflects growing investor concern over the company’s financial performance, delayed commercialization roadmap, and heightened competition in the solid-state battery space. Post-Earnings Stock Reaction

Granite Construction shares closed in the green on Monday, but Solid Power, Enovix, General Mills and Starbucks stock prices all declined.

Solid Power stock is trading higher after the company was selected by the U.S. Department of Energy Office of Manufacturing and Energy Supply Chains to start negotiations for up to $50 million in federal funding.

Earnings left a lot to be desired.

SLDP stock results show that Solid Power missed analyst estimates for earnings per share and missed on revenue for the second quarter of 2024.

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