Solid Power Expands Electrolyte Production with DOE Grant
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Solid Power, Inc. has announced plans to expand its electrolyte production capabilities, supported by a DOE grant of up to $50 million. The company focuses on sulfide-based solid electrolytes and aims to collaborate with major automotive and battery manufacturers. Despite its innovative technology, Solid Power faces challenges in research, financial losses, and market adoption. The latest analyst rating for SLDP stock is a Hold with a price target of $8.50, reflecting concerns over profitability and cash flow, although technical analysis shows strong momentum. The current market cap is $1.02 billion.
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