SLDP - Why Solid Power Stock Is Charging Higher | Benzinga
Solid Power, Inc. (NASDAQ:SLDP) shares are trading higher Tuesday after the company announced that its board of directors has authorized the repurchase of up to $50 million of the company’s common stock.
The Details:
Solid Power stated that purchases may be made at management’s discretion from time to time on the open market or through privately negotiated transactions, and the repurchase program will expire on Dec. 31, 2025.
“This program is a reflection of our strong cash position and commitment to creating shareholder value,” said John Van Scoter, CEO of Solid Power.
“It is driven by our view that Solid Power’s shares are undervalued and demonstrates confidence in our progress. We believe that with our unique capital-light business model, we ...