Solid Power Inc Dossier
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SectorConsumer Discretionary IndustryAutomotive Parts & Equipment Beta (adjusted)1.63 Intrinsic Value $2.65median of 2 methodsbased on filings through 31 Mar 2026 Market Price $2.36Price as of 1 Oct 2026 Near fair valueIntrinsic value is 12% above the market price −50% · IV below pricenear fair value ±15%IV above price · +50% Data confidence Sign in to view data confidence Market Cap $538.5M Enterprise Value $522M Shares Outstanding 225.7M diluted Next Earnings Date3 Nov 2026 All prices and values are periodic snapshots, not live quotes. Source dates are shown for reference. ThesisStreet consensus, scenarios, merits, risks, and invalidation triggers Thesis Summary Solid Power is a high-potential but speculative developer of sulfide-based solid-state battery electrolyte technology. By utilizing a partner-centric, capital-light business model, the company avoids the massive capital expenditures required to build full-scale cell manufacturing plants, choosing instead to supply its proprietary electrolyte to automotive and battery giants like BMW, SK On, and Samsung SDI. While its balance sheet is exceptionally strong with $435.3 million in liquidity and zero debt, near-term commercial revenues remain minimal and the company continues to operate at a net loss. Investors should maintain a Hold position until the continuous manufacturing pilot line is successfully commissioned and commercial-scale electrolyte deliveries begin. This section is the 12-month view: analyst targets and the probability-weighted scenarios built from them. The intrinsic value at the top of this page answers a different question: what the business is worth today. Street view · analyst 12-month targets Low · most bearish analyst$6.75 Mean target$6.88 High · most bullish analyst$7.00 Our research · scenarios, merits, risks, and invalidation triggersResearch as of 19 Jun 2026 Scenarios · 12-month scenario targets Bear CaseDownside scenario $1.0020% Technical hurdles delay the commissioning of the continuous manufacturing line into 2027, or automotive partners slow down their solid-state development programs. Cash burn accelerates beyond expectations, shortening the runway and forcing dilutive capital raises before commercialization is achieved. Base CaseCentral scenario $4.6045% Solid Power continues to execute on its technology roadmap, keeping 2026 cash investment within the guided $85M–$100M range. The continuous pilot line is installed by late 2026 with validation and sampling extending into 2027. Revenue remains low and milestone-driven, while the strong cash cushion prevents near-term dilution. Bull CaseUpside scenario $7.0030% The continuous electrolyte pilot line is commissioned on schedule by the end of 2026, proving the scalability of sulfide-based manufacturing. Deliveries to SK On and joint evaluations with Samsung SDI and BMW progress rapidly, leading to early commercial supply agreements and a faster path to high-margin material revenue. Scenarios are anchored to street consensus at the research date, with our probabilities and rationale. Key Investment Merits
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All scenarios are estimates and subject to change. Past performance is not indicative of future results. Quality Pillars MembersThis section is available to registered members. Create a free account or sign in to unlock the full breakdown. Explore this dossierValuationIntrinsic value, the six-method breakdown, peer medians, and your assumptions sandbox.Financial SnapshotRevenue, profitability, returns, balance sheet, dividends, and the filing-level detail.Qualitative AnalysisBusiness overview, strategic initiatives, and mergers, acquisitions & partnerships.Outlook & Key DatesForward estimates, reporting calendar, and the monitoring framework. |