Shares of Solid Power, Inc. (NASDAQ: SLDP) are soaring 11.13% in Wednesday's trading session, building on the previous day's 5.08% gain. The solid-state battery technology company's stock surge comes on the heels of its better-than-expected third-quarter 2025 financial results, a strategic partnership announcement, and an analyst price target upgrade.

Solid Power reported a narrower-than-anticipated loss for Q3 2025, posting an adjusted loss of 14 cents per share, outperforming analysts' expectations of a 17-cent loss. While revenue fell 19.8% year-over-year to $3.73 million, investors focused on the company's progress in technology development and strategic initiatives. 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 partnership is seen as a significant step towards commercialization and validation of Solid Power's technology.

Adding to the positive sentiment, Needham raised its price target for Solid Power from $4 to $7, reflecting increased confidence in the company's prospects. Despite the revenue decline, Solid Power maintained a strong liquidity position with $300.4 million as of September 30, 2025, and revised its 2025 cash investment outlook to a range of $85 million to $95 million. This fiscal discipline, combined with progress in its strategic objectives and the vote of confidence from analysts, has significantly boosted investor optimism, driving the stock's impressive rally in the current trading session.