This EV Battery Stock Is Powering Up to New Highs
Jim Van Meerten - Barchart - 1 hour ago Columnist
Solid Power (SLDP) shows strong technical momentum, hitting a new 52-week high on July 21.
The stock has a 100% technical “Buy” signal via Barchart.
Shares have doubled in the year to date and are up over 265% in the past three months.
Fundamentals show modest revenue and earnings growth, but analyst sentiment is mixed, with most major advisory services rating it a “Hold.”
Today’s Featured Stock:
Valued at $724 million, Solid Power (SLDP) is a developer of all-solid-state rechargeable battery cells for electric vehicles and mobile power markets.
What I’m Watching:
I found today’s Chart of the Day by using Barchart’s powerful screening functions. I sorted for stocks with the highest technical buy signals, superior current momentum in both strength and direction, and a Trend Seeker “buy” signal. I then used Barchart’s Flipcharts feature to review the charts for consistent price appreciation. SLDP checks those boxes. Since the Trend Seeker signaled a buy on May 7, the stock has gained 236.67%.
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More Top Stocks Daily: Go behind Wall Street’s hottest headlines with Barchart’s Active Investor newsletter.
SLDP Price vs. Daily Moving Averages:
www.barchart.com
Barchart Technical Indicators for Solid Power:
Editor’s Note: The technical indicators below are updated live during the session every 20 minutes and can therefore change each day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report. These technical indicators form the Barchart Opinion on a particular stock.
Solid Power shares hit a new 52-week high on July 21, touching $4.30 in intraday trading.
SLDP has a 100% technical “Buy” signal.
The stock recently traded at $4, above its 50-day moving average of $2.07.
Solid Power has a Weighted Alpha of +80.05.
The stock has gained 95.8% over the past year.
SLDP has its Trend Seeker “Buy” signal intact.
Solid Power is trading above its 20, 50 and 100-day moving averages.
The stock made 14 new highs and gained 123.1% in the last month.
Relative Strength Index is at 83.03%.
The technical support level is $3.60.
Don’t Forget the Fundamentals:
$724 million market capitalization.
Revenue is projected to grow 4.28% this year and another 15.24% next year.
Earnings are estimated to increase 9.26% this year but decrease 2.04% next year.
Analyst and Investor Sentiment on Solid Power:
I don’t buy stocks because everyone else is buying, but I do realize that if major firms and investors are dumping a stock, it’s hard to make money swimming against the tide.
It looks like Wall Street analysts are split, but some major advisory sites aren’t.
The Wall Street analysts tracked by Barchart issued one “Moderate Buy” and one “Strong Sell” opinion on the stock.
Value Line gives the company its average rating.
CFRA’s MarketScope rates the stock a “Hold.”
Morningstar thinks the stock is fairly valued.
4,000 investors monitor the stock on Seeking Alpha, which rates the stock a “Hold.”
The Bottom Line:
Solid Power currently has momentum and is hitting new highs. Wall Street analysts think it has room to appreciate but some major advisory services think it has peaked.
I caution that SLDP is volatile and speculative — use strict risk management and stop-loss strategies.
Today’s Chart of the Day was written by Jim Van Meerten. Read previous editions of the daily newsletter here.
Additional disclosure: The Barchart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stocks are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance.
On the date of publication, Jim Van Meerten did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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Eminent Gold uses cutting edge technology to rediscover the legendary Nevada gold mining landscape
Barchart Impact - Thu Jun 19, 8:41AM CDT Sponsored Content
Eminent Gold Corporation
Eminent Gold Corporation
This is sponsored content. Barchart is not endorsing the websites or products set forth below.
By Don Hauka
Disseminated on behalf of: Eminent Gold Corporation
The gold mining space is undergoing a fundamental shift as new technologies open up exploration in areas hitherto untouched. The next generation of discoveries lies in under-explored regions with untapped potential.
Eminent Gold Corp. is at the forefront of this new golden age of discovery by applying innovative geological models and advanced exploration techniques in top-tier mining jurisdictions.
By boldly going where no one has gone before, the company is looking beyond traditional deposits with a multi-disciplinary team of experts to build a robust pipeline of projects in the fabled Great Basin of Nevada, one of the richest gold producing regions in the world.
“We're going into Nevada using fresh perspectives and new concepts using modern exploration technology and out of the box thinking to look for gold in areas that people may have not thought to go explore.” — Paul Sun, President and CEO.
Nevada is one of the world’s most productive, storied gold-producing regions on the globe. It has produced over 240 million ounces of gold since 1859, particularly from the Carlin and Cortez Trends. Of the $10 billion (U.S.) in gold production in the United States in 2024, Nevada accounted for 73 percent of it. With so much gold produced, does the Sagebrush State have any more to give?
Paul Sun’s answer to that is a declarative yes – but you have to be prepared to look where no one else has using the latest technologies to unlock the complex Nevada geological landscape, says the President and CEO of Burnaby-based Eminent Gold Corporation (EMNT.VN) (EMGDF) (FSE: 7AB).
“A lot of companies find a little resource and they try to expand on it where we’re trying to find a fresh, brand-new major discovery,” Sun says.
“We're going into Nevada using fresh perspectives and new concepts using modern exploration technology and out of the box thinking to look for gold in areas that people may have not thought to go explore.”
New technologies, new approach lead to new discoveries
A diagram of a geological study Description automatically generated with medium confidence
Using techniques like induced polarization (IP)—which measures the electrical chargeability of subsurface materials and can identify valuable ore deposits—Eminent Gold’s team has built a pipeline of projects in uncharted and unexplored regions of Nevada. Its flagship is the Hot Springs Range Project, located in Humboldt County, about 15 kilometers northwest of the prolific 50MM oz Getchell Gold Trend. The project has produced surprising drilling results.
“Our best intercept showed up to eight grams per ton of gold. We also detected more than 2,000 parts per million of arsenic and Carlin-style systems generally have arsenic in them,” says Sun.
“We have all the pathfinder minerals there. The fact that we had a 500-meter hole and the majority of that hole had gold all the way through it was pretty exciting. It is potentially history changing.”
Strong business model and aggressive drilling program generate results
Eminent Gold has taken its business model to identify other undiscovered targets like the Gilbert South and Celts Projects. Samples from the Gilbert South Project yielded up to 30 grams of gold per ton. At the Celts Project, satellite based hyperspectral techniques and air photos were used to map a geological landscape similar to that of the nearby Silicon and Merlin Resources, which have combined indicated and inferred resources of 16.3 million ounces of gold.
The company hopes to continue to generate exciting results by employing an aggressive, year-round plan, driving ongoing progress and unlocking near-term catalysts. A key advantage is the Nevada climate, where drilling is possible year-round, unlike many other jurisdictions. Permitting is also progressing, with approvals already in place for ongoing drilling at Hot Springs Range and Gilbert South. Permits for Eminent’s newest project, Celts, are in process.
Eminent Gold performance attracts key investment by Kinross Gold Corporation
Those sorts of results and Eminent Gold’s innovative approach have attracted the attention of some of the major players in the Nevada gold fields. The company recently received a strong vote of confidence from Kinross Gold Corp., which operates two gold mines in Nevada and is consistently ranked among the world’s top gold producers. Kinross acquired a 9.9 percent stake in Eminent Gold, with options to increase that to 19.9 percent. The collaboration includes a technical committee with geologists from both companies.
“It’s definitely a nice validation and a credit to our Chief Geologist Dan McCoy and the technical team,” says Sun. “Kinross has been following us for the last couple of years and has been great to work with.”
Strong, experienced leadership team has a track record of success
Eminent Gold also has strong, experienced management and technical teams. Sun is a mining engineer with more than 20 years of experience. He has also held senior roles at investment banks including Scotia Capital, Desjardins and Beacon Securities. McCoy has more than 30 years of experience and has made two major gold discoveries: the Esaase Deposit and El Barqueño project in Mexico. Chief Financial Officer Martin Bajic has more than a decade of experience serving as a director, CFO, or consultant to numerous public companies trading on the TSX Venture Exchange or the CSE. His focus is in the resource sectors.
An industry veteran is bullish on Eminent Gold
Eminent Gold checks all the boxes for mining entrepreneur Ivan Bebek, Chairman and CEO of Coppernico Metals. He was so confident that he invested in the company himself and highlighted the significance of the Kinross investment.
“The scale and quality of the opportunities are unparalleled. They’re being explored by a proven management team led by a geologist who is two-for-two on major gold discoveries. It’s a high-scale opportunity,” — Ivan Bebek, Chairman and CEO of Coppernico Metals
“Eminent also has multiple opportunities to deliver success and that gives investors a lot of risk mitigation. And this is perfect timing for gold, where I believe we’re in a rising bull market.”
Bebek echoed Sun and McCoy, noting that this is the stage when shares in junior mining exploration companies often soar. As favorable results come in and the company positions itself for the next phase, it can offer investors the best value for their money.
Eminent Gold will continue to build value for shareholders moving forward
Sun says the company will continue its aggressive drilling program and await new results from the Hot Springs Range Project. The goal, he says, is to explore uncharted territory and continue building shareholder value.
“We are very aligned with our shareholders. About half the company is owned by insiders, directors and technical personnel. As a past banker, I always looked at the cap table to see if management is putting their money where their mouth is,” says Sun.
“We’ve done a lot with a little money. Most of the money we spend does go into the ground, so we're very efficient that way. We've been patient and building what we think is a world-class portfolio while keeping our heads down and trying to create value the best way that we can.”
ABOUT EMINENT GOLD CORP.
Eminent Gold Corp. (EMNT.VN) (EMGDF) (FSE: 7AB) is a gold exploration company focused on creating shareholder value through the exploration and discovery of world-class gold deposits in Nevada. Its multidisciplinary team has had multiple successes in gold discoveries and brings expertise and new ideas to the Great Basin. The Company’s exploration assets in the Great Basin include: Hot Springs Range Project, Celts and Gilbert South. To learn more, visit their website here.
The above is sponsored content. Barchart was paid up to two thousand dollars for placement and promotion of the content on this site and other forms of public distribution covering the period of June 2025. For more information please view the Barchart Disclosure Policy here.
Related Symbols
Symbol Last Chg %Chg
SLDP 4.07 +0.03 +0.74%
Solid Power Inc Cl A
RSG 241.88 -0.43 -0.18%
Republic Services
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