Solid Power, Inc. (SLDP) saw its stock surge 5.08% in Tuesday's trading session following the release of its third-quarter 2025 results and the announcement of a strategic partnership. The company, which specializes in solid-state battery technology, delivered mixed financial results but showcased promising developments in its commercialization efforts.

For the third quarter, Solid Power reported revenue of $3.73 million, falling short of analysts' expectations of $5.70 million. However, the company posted a narrower-than-expected loss of $0.14 per share, beating the consensus estimate of a $0.17 loss. Despite the revenue miss, investors appeared to focus on the company's progress in its technological developments and strategic partnerships.

The primary catalyst for the stock's upward movement was the announcement of a Joint Evaluation Agreement with Samsung SDI and BMW to advance the development of all-solid-state batteries. This collaboration is seen as a significant step forward in Solid Power's commercialization strategy and validates the potential of its technology in the eyes of major industry players. Additionally, the company reported that it remains on schedule with its SK On pilot cell line, with site acceptance testing ongoing and completion expected by year-end. These developments, coupled with the company's focus on operational efficiencies and cost reductions, seem to have bolstered investor confidence in Solid Power's future prospects in the competitive electric vehicle battery market.