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.”

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

A battery powered electric vehicle charging in a city storefront.

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.

While we acknowledge the risk and potential of SLDP as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than SLDP and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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