Why Solid Power Stock Is Higher Today
Shares of Solid Power (NASDAQ: SLDP) were trading higher on Tuesday afternoon. A Wall Street analyst initiated coverage of the Colorado-based start-up, which is developing advanced solid-state batteries for electric vehicles (EVs), with a bullish note.
As of 1:15 p.m. ET, Solid Power's shares were up about 11.5% from Monday's closing price.
Needham analyst Vikram Bagri initiated coverage of Solid Power with a buy rating and a price target of $13, which represents a premium of about 55% from current levels.
Source Fool.com
