Why Solid Power Stock Is Charging Higher
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. 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.