Should I buy Solid Power stock in 2025? NZ Investment Insight

What is Solid Power?

How much is the Solid Power stock?

The price of Solid Power stock is dropping this week. As of now, Solid Power (NASDAQ: SLDP) is trading at $1.68 USD, reflecting a 24-hour decrease of -7.18% and a steep -25.37% loss over the past week.

The company stands at a market capitalization of $324.65 million, with an average 3-month daily volume of 2.22 million shares.

Solid Power does not currently have a P/E ratio due to ongoing losses, and no dividend is paid.

With a beta of 1.43, the stock tends to be more volatile than the broader market – a factor NZ investors should monitor closely when assessing risk and potential.

Our full analysis on the Solid Power stock

Having evaluated Solid Power's most recent quarterly results and the stock’s evolution over the past three years, we have conducted a thorough analysis leveraging an integrated approach: cross-referencing current financial metrics, technical indicators, market flows, and the competitive landscape through proprietary analytic models. This enables a nuanced perspective on both press coverage and empirical signals recently shaping investor sentiment. So, why might Solid Power (NASDAQ: SLDP) once again represent a strategic entry point for tech-focused portfolios seeking exposure to next-generation battery technology in 2025?

Recent Performance and Market Context

Solid Power’s share price trajectory over the past year reflects the volatility inherent in high-innovation tech stocks, but also highlights pronounced momentum. After reaching a 52-week low of $0.68, SLDP has surged almost 145% to a recent multi-month high of $1.68, standing well above its six-month average by +44.8%. While the past week’s -25% retracement underlines market sensitivity, this pullback comes on the heels of outsized medium-term gains—often seen as constructive consolidation in high-growth names.

Recent catalysts have significantly strengthened Solid Power’s narrative:

• BMW’s Prototype Validation: In May 2025, BMW deployed its first all-electric i7 sedan powered by Solid Power’s proprietary all-solid-state batteries (ASSBs). This milestone positions the firm at the crossroads of innovation and commercial application, affirming its value proposition to both OEM partners and investors alike.
• DOE Funding Confirmation: Solid Power has been selected for negotiation with the U.S. Department of Energy for up to $50 million in non-dilutive funding to scale sulphide electrolyte production. Such direct government endorsement bolsters confidence and mitigates dilution risk—a key concern for pre-profit tech ventures.

The broader market context remains supportive. Regulatory tailwinds, notably in North America and key export markets such as the EU, continue to incentivise EV adoption and next-generation battery technologies. For New Zealand investors—where EV penetration and local infrastructure rollouts are gaining pace—Solid Power stands out as an avenue for global high-growth participation within this supply chain evolution.

Technical Analysis

From a technical standpoint, Solid Power displays a notably bullish structure:

• Momentum Indicators: Despite a recent elevated Relative Strength Index (RSI) at 81.5—suggesting brief overbought conditions—the presence of this reading amidst a stair-stepping rally signals robust underlying demand. While a short-term pause may occur, such levels often precede secondary accumulation phases in compelling turnarounds.
• Moving Averages: The short-, medium-, and long-term moving averages (5, 20, 50, 100, 200 days) are all trending above support thresholds, generating sustained 'buy' signals. This rare technical alignment reflects strong price action coherence and is commonly associated with well-supported trend continuations following brief corrections.
• Key Levels:
• Support: The $1.36 mark has acted as a technical floor across several time frames, reinforcing conviction around dynamic accumulation.
• Resistance: The next major challenge sits at $1.90, with a breakthrough here often catalysing renewed institutional flow.
• Pivot Point: At $1.61, this level has repeatedly orientated short-term reversals, often serving as a textbook consolidation launchpad.

In addition, the Moving Average Convergence Divergence (MACD) remains in positive territory, albeit flashing a transitory sell signal—interpretable as a routine cooldown within a durable uptrend, especially when moving averages remain so decisively constructive.

Fundamental Analysis

Solid Power is firmly positioned at the leading edge of battery innovation:

• Revenue Growth: 2024 revenues rose by 15.7% YoY to $20.14 million, with Q1 2025 maintaining this sequential progress ($6.0 million, just shy of consensus expectations). More crucially, EPS for Q1 beat forecasts at -$0.08 versus -$0.10 expected, highlighting disciplined cost management amid pre-scale operations.
• Strategic Expansion & Partnerships: The company’s unique business model—direct supply of sulphide electrolytes coupled with a robust licensing stream for cell designs—secures deep institutional partnerships with BMW, Ford, and SK On. These blue-chip alliances not only underpin near-term sales, but also create a powerful network effect for wider adoption.
• Attractive Valuation: SLDP’s price/book ratio stands at just 0.76, historically attractive for the tech sector and indicative of meaningful asset backing. While the trailing price/sales (14.93x) is elevated by enduring R&D outlays (PE not yet materialising), such multiples are within norms for leading-edge, IP-rich battery firms preceding major commercial ramps.
• Structural Strengths: With a patent arsenal exceeding 50 filings, more than a decade of singular focus, and differentiated solid-state chemistry, Solid Power’s competitive moat appears both wide and increasingly defensible.

Solid Power’s fundamentals justify renewed consideration—especially as validation from both international OEMs and state-level agencies deepens and operational leverage is set to emerge post-commercialisation.

Volume and Liquidity

Trading volumes for SLDP continue to mirror strong market conviction. The three-month rolling daily average of 2.22 million shares ensures ample liquidity for institutional and retail traders alike, resulting in tight bid-ask spreads and reduced entry slippage.

The public float sits at 133.91 million shares (out of 179.36 million issued), a profile particularly favourable for dynamic price appreciation amidst incremental upgrades or technical breakouts. For NZ-based investors, this structure combines global market accessibility with the potential for meaningful liquidity-driven upside—an essential attribute for positions in pre-profit, high-potential tech enterprises.

Catalysts and Positive Outlook

Several forward-looking elements underpin a compelling outlook:

• Commercial-Grade Pilot Launches: BMW’s ongoing test integration is now a tangible validation step, with Ford and SK On projects progressing in parallel. As electric vehicle automakers increasingly gravitate towards solid-state solutions for their next platforms, Solid Power’s proven pilot cells and electrolyte technology set a clear commercialization trajectory for FY 2025-2026.
• Government Backing: The prospective $50 million DOE grant for sulphide electrolyte scale-up is a watershed catalyst—bringing both capital relief and significant reputational capital with downstream investors.
• ESG Momentum: Solid Power’s technology not only offers safer (non-combustible) and longer-range batteries, but aligns with global decarbonisation and clean technology mandates. This ESG appeal is having measurable traction in dictating institutional flows in the tech ecosystem.
• Expanding Intellectual Property: The recent increase in patent filings and process trade secrets further insulate long-term growth, while facilitating high-margin licensing revenues over simple commoditised cell manufacturing.
• Sectoral Tailwinds: With international regulatory focus and consumer adoption of electric vehicles at an inflection point, demand for safer, longer-lasting, and more scalable battery solutions is increasingly urgent—making companies like Solid Power prime beneficiaries.

Investment Strategies

Solid Power presents a rare blend of near-term technical inflection and long-term fundamental transformation. Entry points can be tailored across multiple timeframes:

• Short-Term Traders: The recent pullback to $1.68, retreating from resistance near $1.90 while holding the key $1.36 support zone, seems to mark a technical low where buying volume has historically re-accelerated. Traders may view any movement towards this band as an opportunity for mean-reversion or breakout trades, especially should momentum readings cool off from oversold levels.
• Medium-Term Investors: With commercial integration milestones pending from BMW and DOE funding resolution likely in H2 2025, holding through upcoming results could yield material re-rating. The alignment of all major moving averages as “buy” signals reinforces tactical conviction.
• Long-Term Positioning: For investors seeking multi-year growth, Solid Power’s strategic partnerships, robust patent moat, and increasingly capital-efficient scaling path paint a picture of sustained, durable upside as the battery sector transitions through its next S-curve. Positioning at or before key OEM announcements, or ahead of clear technical follow-through, maximises potential for outsized returns as new demand is unlocked.

In all cases, the current setup—at a technical consolidation with imminent fundamental news flow—appears to offer a particularly favourable risk-reward asymmetry for NZ-based investors looking to add global tech exposure.

Is it the Right Time to Buy Solid Power?

In summary, Solid Power demonstrates several attributes that suggest it may be entering a new bullish phase. The company’s strong revenue growth, proven technology validation from tier-one partners, and support from both governmental and industrial stakeholders collectively underpin a powerful investment thesis. The stock’s current positioning—between key technical support and just below historic resistance—offers a well-defined entry for both tactical and strategic allocations.

With high trading liquidity, a scalable business model, and demonstrable technological leadership in a fast-expanding market, Solid Power seems to represent an excellent opportunity for NZ investors seeking early exposure to next-generation battery tech. While prudent risk management remains essential amidst sectoral volatility, the upside potential—bolstered by upcoming catalysts—clearly justifies renewed interest.

For those seeking global innovation leaders at favourable valuations and compelling technical setups, Solid Power’s current profile may prove to be a particularly attractive entry point as the company transitions from R&D into validated commercial roll-out. The coming quarters promise to be transformative, setting the stage for meaningful outperformance within the broader tech landscape.

How to buy Solid Power stock in NZ?

Buying Solid Power (SLDP) stock online is straightforward and secure for New Zealand investors when using a regulated broker. You can typically choose between two main approaches: the classic method—spot or “cash” buying, where you directly own the shares, or through Contracts for Difference (CFDs), which allow you to speculate on price movements with leverage. Both methods are easily accessible and provide safeguards for your investment thanks to advanced platforms and local customer support. To help you make the best choice, we provide a detailed broker comparison further down this page.

Cash buying

Buying Solid Power shares “cash” means you directly purchase and own shares listed on the NASDAQ via your online brokerage account. When you place an order, most NZ-friendly brokers charge a fixed commission—often between NZD $3 and $15 per order—regardless of the size of your trade.

Important example

Example: If Solid Power’s share price is USD $1.68, with the NZD/USD at 0.61 (indicative), that’s about NZD $2.75 per share. With a NZD $1,000 stake, you could buy around 362 shares, allowing for a typical brokerage fee of NZD $5.

✔️ Gain scenario: If Solid Power’s share price rises by 10% (to USD $1.85), your shares would be worth NZD $1,100.

Result: That’s a NZD $100 gross gain, or +10% on your investment (before currency fluctuations and taxes).

Trading via CFD

CFD (Contract for Difference) trading lets you speculate on the price of Solid Power stock without owning the underlying shares. CFDs enable you to use leverage—meaning you can control a larger position with a smaller initial outlay. Instead of a commission, you typically pay the broker via the “spread” (difference between buy/sell price) and, if you hold overnight, a daily financing cost.

Important example

Example: Suppose you open a CFD position on Solid Power with NZD $1,000 and 5x leverage. This means you have exposure to NZD $5,000 worth of shares.

✔️ Gain scenario: If Solid Power shares rise by 8%, your position gains 8% × 5 = 40%.

Result: That’s a NZD $400 gain on your $1,000 outlay (excluding fees such as the spread and overnight financing).

Final advice

Before you invest, it’s essential to compare brokers’ fees, currency conversion rates, and trading conditions—these can vary widely, and the best choice depends on your strategy and preferences. Whether you prefer traditional investing by owning Solid Power shares, or trading more actively with CFDs and leverage, the right broker can make a real difference. The optimal approach always depends on your investment goals, risk tolerance, and the time you wish to dedicate. For a tailored selection, check our comprehensive broker comparison just below.

Our 7 tips for buying Solid Power stock

The latest news about Solid Power

Solid Power and BMW have achieved a major milestone with first field tests of solid-state batteries in a BMW i7. This development, officially announced in late May 2025, marks the deployment of Solid Power’s sulfide-based solid-state battery cells in an electric BMW i7 prototype, reflecting validation of Solid Power’s technology by a leading OEM. For New Zealand financial analysts, this milestone demonstrates not only real-world progression but also future potential: BMW vehicles, a significant and growing segment in the NZ EV market, could eventually feature this advanced battery technology, possibly influencing the local EV adoption curve and related investment sentiment.

The United States Department of Energy has selected Solid Power for negotiations on up to $50 million in R&D funding. Announced within the past week, this major backing is intended to support the expansion of sulfide-based electrolyte materials production. The endorsement enhances Solid Power’s credibility and financial stability, while also solidifying global trust in its technology’s viability. For NZ-based investors, the DOE’s support substantially de-risks the company’s pathway to commercial scale and increases the likelihood of Solid Power emerging as a credible international supplier, which could impact future import flows, technology transfer, or JV opportunities involving New Zealand’s clean tech and mobility sectors.

Solid Power’s Q1 2025 earnings beat analyst EPS expectations and show year-on-year revenue growth despite missing revenue estimates. The company reported a loss per share of $0.08, better than the expected $0.10 per share, alongside modest revenue increase from the previous year. This subdued but positive surprise signals improving operational efficiency and cost control as Solid Power transitions from development to scaling. New Zealand investors monitoring high-growth, pre-commercial phase tech equities will note these financial improvements as encouraging signs of execution, even amid sector volatility.

Technical analysis as of 30 May 2025 reflects strong upward momentum, with all key moving averages signaling “buy.” Notably, the 5-, 20-, 50-, 100-, and 200-day moving averages all trend positive, even though the RSI reading of 81.5 indicates an overbought condition and technical risk of a pullback. For New Zealand’s active traders and portfolio managers, these signals highlight not only recent momentum but also potential entry or exit points, especially relevant given NZX investors’ increasing appetite for advanced battery technology thematic exposure via US-listed equities.

Solid Power continues to consolidate its strategic alliances with major automotive partners BMW, Ford, and SK On, strengthening its market positioning. These relationships, reinforced by continued technical milestones and proprietary advancements, help to secure Solid Power’s place in the emerging solid-state battery supply chain. As the EV market grows in New Zealand and across Asia-Pacific, such alliances improve the likelihood that NZ consumers—alongside local distributors and tech sector participants—could someday directly benefit from, or participate in, the deployment of Solid Power-powered vehicles and battery modules, enhancing relevance for the domestic mobility landscape.

FAQ

P. Laurore

Finance expert

Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.