Market News

Solid Power Tanks on CEO’s Exit

Shares of solid-state battery cells provider Solid Power (NASDAQ:SLDP) are tanking today after its CEO Douglas Campbell stepped down with immediate effect both as CEO and as a Board member.

The company’s Board has appointed its Chair and President David Jensen as interim CEO. The company is now scouting for a suitable candidate to fill the role permanently.

Shares of the company have now tanked 75% over the past year and short interest in the stock stands at about 6% at present.

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