I was wondering why suddenly solid power is boosting up in high percentage last week and following are the reasons based on my read.
1. Strategic Business Model:In addition to solid state battery, Unlike many battery producers that manufacture and sell complete battery cells, Solid Power focuses on developing and selling advanced solid-state electrolyte material to battery cell manufacturers. This further contributing to the bullish outlook from Wall Street as well as more analyst to mark it as buy.
2. Positive Wall Street Outlook: Analysts have a "Buy" average rating for Solid Power Inc (SLDP), indicating optimism about the company's future performance and growth potential in the electric vehicle and battery technology sectors.
3. Average Price Target: The average price target set by analysts for Solid Power Inc is $3.333, suggesting a significant upside from the current trading price and reflecting confidence in the company’s growth trajectory.
I am bullish on it now after the research and accumulating to 300.
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