Jim Cramer on Solid Power: "Take a Little off the Table"

Solid Power, Inc. (NASDAQ:SLDP) is one of the stocks that Jim Cramer shared thoughts on. A caller asked for Cramer’s opinion on the stock, and he commented:

“Momentum, the stock’s up 100%. That’s big momentum, but when it’s up 100% percent, then you know what, I think you gotta do what I call a schnitzel. Take a little off the table because that thing has just been a horse.”

Solid Power (NASDAQ:SLDP) develops solid-state battery technology for electric vehicles and other applications. The company provides sulfide-based electrolytes and licenses its cell designs and manufacturing methods. In its Q1 earnings report in May, the company reported objectives for 2025.

Solid Power (NASDAQ:SLDP) is planning to improve its electrolyte research using customer feedback and internal development insights. It plans to begin installing a pilot line for continuous electrolyte production and expand sample distribution to meet partner commitments. The Electrolyte Innovation Center will support fast, demand-driven innovation. The company also plans to maintain financial discipline alongside ongoing investments in technology.

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Disclosure: None. This article is originally published at Insider Monkey.