Solidion Technology Inc.
- Open
- 7.49
- Day high
- 7.87
- Day low
- 7.35
- Prev close
- 7.55
- Volume
- 40K
- Mkt cap
- $66M
- P/E (TTM)
- —
- EPS (TTM)
- —
- P/B
- 3.1
- P/S
- 301.3
- Yield
- —
- Per share
- —
- ▼Insiders net selling -$15.3M over the last 3 months (3 open-market buys, 4 sales)
- 🏛Institutions reducing (13F)
Solidion Technology Inc. (STI) is a Industrials company listed on NASDAQ. The stock is up 126% over the past year. Over the trailing 3 months, insiders filed 3 open-market buys and 4 sales (SEC Form 4).
Solidion Technology Inc. (STI) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
STI earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Aug 6, 2026 | — | $-0.35 | — | $124914 | — |
| May 20, 2026 | — | $-0.18 | — | $85426 | — |
| Nov 20, 2025 | — | $-1.33 | — | $9350 | — |
| Aug 19, 2025 | — | $0.05 | — | $4000 | — |
| May 20, 2025 | — | $3.04 | — | — | — |
| Nov 19, 2024 | — | $-0.07 | — | — | — |
| Jun 6, 2024 | — | $-0.05 | — | — | — |
| Nov 15, 2023 | — | $-0.01 | — | — | — |
| Oct 17, 2019 | $1.42 | $1.34 | -5.5% | — | — |
| Jul 18, 2019 | $1.46 | $1.48 | +1.4% | — | — |
| Apr 18, 2019 | $1.31 | $1.24 | -5.4% | — | — |
| Jan 18, 2019 | $1.38 | $1.50 | +8.5% | — | — |
STI insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 11, 2026 | Ikezi Henry10 percent owner | Buy | 1,000 | $4.85 |
| Jun 11, 2026 | Ikezi Henry10 percent owner | Sell | 13,500 | $44.89 |
| Jun 11, 2026 | Ikezi Henry10 percent owner | Buy | 2,000 | $35.99 |
| Jun 11, 2026 | Ikezi Henry10 percent owner | Option | 214,037 | $3.10 |
| Jun 11, 2026 | Ikezi Henry10 percent owner | Option | 246,664 | $3.10 |
| Jun 11, 2026 | Ikezi Henry10 percent owner | Sell | 188,951 | $23.43 |
| Jun 11, 2026 | Ikezi Henry10 percent owner | Sell | 192,437 | $37.31 |
| Jun 11, 2026 | Ikezi Henry10 percent owner | Buy | 23,000 | $24.66 |
| Jun 5, 2026 | Global Graphene Group, Inc.10 percent owner | Sell | 175,000 | $21.09 |
| Dec 15, 2025 | Global Graphene Group, Inc.10 percent owner | Sell | 568 | $7.87 |
| Dec 15, 2025 | Global Graphene Group, Inc.10 percent owner | Sell | 750 | $7.87 |
| Nov 26, 2025 | Global Graphene Group, Inc.10 percent owner | Sell | 4,910 | $10.53 |
| Nov 26, 2025 | Global Graphene Group, Inc.10 percent owner | Sell | 3,225 | $10.39 |
| Nov 26, 2025 | Global Graphene Group, Inc.10 percent owner | Sell | 1,865 | $10.89 |
| Oct 15, 2025 | Tjon Karin-Joycedirector | Grant | 40,000 | — |
Source: STI SEC Form 4 filings, latest Jun 11, 2026. For informational purposes only — not investment advice.
See the full STI insider & 13F page →Solidion Technology Inc. company profile
Overview
Solidion Technology Inc. (NASDAQ:STI) is an early-stage battery technology company founded in 2014 and based in Dayton, Ohio. Originally incorporated as Honeycomb Battery Company, the company rebranded to Solidion Technology in February 2024. The company went public in May 2022 and operates as a subsidiary of Global Graphene Group, Inc. Solidion focuses on developing advanced battery materials and next-generation battery technologies, particularly in the solid-state battery space, positioning itself in the rapidly evolving energy storage market that serves electric vehicles, consumer electronics, and grid storage applications.
Business
Solidion Technology operates in the advanced battery materials and energy storage industry, developing cutting-edge technologies for lithium-ion and next-generation battery systems. The battery industry is experiencing unprecedented growth driven by the global transition to electric vehicles and renewable energy storage needs. Traditional lithium-ion batteries, while effective, face limitations in energy density, safety, and charging speed that newer technologies aim to address. The company's core offerings span three main product categories. Advanced anode materials represent their foundational technology - these are critical components that store lithium ions during battery charging and determine much of a battery's capacity and performance characteristics. Anodes are one of the four essential components of any lithium-ion battery, alongside cathodes, electrolytes, and separators. Solidion's most ambitious development involves three classes of solid-state batteries, which represent a significant technological leap from conventional liquid electrolyte systems. Their silicon-rich all-solid-state lithium-ion cells aim to dramatically increase energy density by incorporating more silicon into the anode while using solid electrolytes that promise improved safety and performance. Anode-less lithium metal cells eliminate the traditional anode entirely, potentially offering even higher energy densities by using the lithium metal itself as the anode during operation. Finally, their lithium-sulfur cells utilize sulfur cathodes, which theoretically offer much higher energy density than conventional lithium-ion chemistries. These technologies target applications across electric vehicles, consumer electronics, aerospace, and grid-scale energy storage, where improved energy density, faster charging, enhanced safety, and longer cycle life are critical performance metrics.
Revenue model
Solidion's business model is currently in the early commercialization phase, transitioning from pure research and development to revenue generation through product sales and licensing. The company generates revenue primarily through the sale of advanced battery materials and components to battery manufacturers, original equipment manufacturers (OEMs), and research institutions. In 2024, the company reported minimal revenue of approximately $395,000, indicating it remains in the early stages of commercial deployment. The company's revenue model encompasses several streams: direct sales of advanced anode materials to battery manufacturers, licensing of proprietary battery technologies and manufacturing processes, and potential joint ventures or partnerships for large-scale production. Their customers include battery cell manufacturers who integrate Solidion's materials into their production processes, automotive OEMs developing electric vehicles, and electronics manufacturers requiring high-performance battery solutions. Several factors significantly impact Solidion's margin potential. Positive margin drivers include the premium pricing commanded by advanced battery technologies, the growing global demand for electric vehicles driving battery material needs, and the potential for high-margin licensing revenue as their technologies mature. The company benefits from the industry's willingness to pay substantial premiums for materials that offer meaningful performance improvements. Margin pressures come from intense competition in the battery materials space, the capital-intensive nature of scaling production, and the ongoing research and development costs required to maintain technological leadership. Additionally, the company faces pricing pressure as battery manufacturers seek to reduce costs, and potential supply chain disruptions affecting raw material costs. The early-stage nature of solid-state battery technology also means significant ongoing investment in R&D is required before achieving sustainable profitability.
Competitive moat
Solidion's competitive moat is primarily built around its intellectual property portfolio and technological expertise in advanced battery materials, particularly in solid-state battery technologies. The company's moat strength is moderate but faces significant challenges given the competitive landscape and the early-stage nature of their core technologies. The company's primary moat elements include proprietary knowledge in silicon-rich anode materials and solid-state battery architectures, established relationships with battery manufacturers and research institutions, and potential first-mover advantages in specific solid-state battery chemistries. Their expertise in graphene-enhanced materials, inherited from their parent company Global Graphene Group, provides additional technological differentiation. However, Solidion faces substantial competitive threats from well-funded rivals including established battery giants like CATL, BYD, and Panasonic, as well as other solid-state battery developers such as QuantumScape, Solid Power, and Toyota's internal development efforts. These competitors often have significantly more resources, established manufacturing capabilities, and deeper relationships with automotive OEMs. Additionally, the rapid pace of battery technology development means that technological advantages can be quickly eroded. The company's moat is further challenged by the unproven commercial viability of solid-state batteries at scale, regulatory and safety certification requirements that create barriers to market entry, and the significant capital requirements needed to scale from laboratory development to mass production. The battery industry's trend toward vertical integration also poses risks, as major players may choose to develop competing technologies internally rather than license external solutions.
Risks & safety
Solidion presents significant financial risk with a very narrow margin of safety, reflecting its early-stage development status and challenging financial position. • **Overall Assessment**: High financial risk due to substantial cash burn, minimal revenue, and deteriorating balance sheet position • **Cash Burn and Solvency**: - Operating cash flow burn of $7.4 million in 2024 - Free cash flow negative $7.6 million for 2024 - Cash position of $3.4 million as of Q4 2024 - Current ratio of 0.13, indicating severe liquidity constraints - Total liabilities exceed total assets by $23 million • **Debt and Capital Structure**: - Negative stockholders' equity of approximately $23 million - Debt-to-equity ratio complications due to negative equity - Significant current liabilities of $30.9 million against minimal current assets • **Valuation Metrics**: - Negative EBITDA of $25.2 million for 2024 - Minimal revenue generation ($395K in Q4 2024, $0 for most quarters) - Market cap of approximately $10.4 million - Stock price declined from $137.50 in Q1 2024 to $5.43 by Q4 2024 • **Other Considerations**: Early-stage technology company requiring significant additional funding, high execution risk for commercialization, and potential dilution from future equity raises
Recent development
Based on the available financial data, Solidion has undergone significant strategic developments over the past few years, though detailed operational insights are limited due to the absence of earnings call transcripts. The most notable strategic move was the company's rebranding from Honeycomb Battery Company to Solidion Technology Inc. in February 2024, signaling a strategic repositioning and potentially broader market focus. The company's financial trajectory reveals a dramatic scaling of operations and associated costs. Net losses increased substantially from $4 million in 2022 to nearly $20 million in 2023, and further to $26 million in 2024, indicating significant investment in research and development activities. This escalation suggests aggressive pursuit of technology development and potential preparation for commercial scaling. Revenue generation remains minimal and inconsistent, with the company reporting virtually no revenue through most of 2024 until generating approximately $395,000 in Q4 2024. This pattern suggests the company is still in the early stages of commercializing its battery technologies and transitioning from pure R&D to market-ready products. The company's cash management and funding strategy has been volatile, with cash positions fluctuating significantly throughout 2024 - from $1.8 million in Q1 to as low as $256,000 in Q2, before recovering to $3.4 million by Q4. This volatility likely reflects ongoing funding activities and the capital-intensive nature of battery technology development. The substantial increase in current liabilities from $49 million in Q1 to $31 million in Q4 (after peaking higher mid-year) suggests active management of operational funding and potentially deferred obligations.
STI company profile · for informational purposes only — not investment advice.
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