- Needham analyst Vikram Bagri initiated Solid Power Inc SLDP with a Buy rating and a price target of $13, implying an upside of 77%.
- Bagri noted that the stock offers a relatively early-stage investment opportunity in the EV battery industry with a projected total addressable market of about $300 billion by 2035.
- Solid Power is focused on developing a solid electrolyte and three solid-state battery designs, with the staggered timelines for these products set to capture medium and long-term opportunities in the field, Bagri added.
- Price Action: SLDP shares are trading lower by 4.93% at $7.33 on the last check Monday.
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