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

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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A rival battery start-up's stock surged after it announced an important deal on Thursday. That sent Solid Power's shares higher as well.

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