Higher interest rates are, for the most part, bad for the stock market. It costs more money to borrow, which can weigh down consumer spending, which dampens corporate profits.
In light of this, it might make sense for investors to look at companies that are less concerned about what’s currently happening with Wall Street and the broader economy and are more focused on taking technology from the development stage to the full-production stage.
Solid Power Inc (NASDAQ:SLDP) has been developing all-solid-state rechargeable battery cell technology, primarily for the electric vehicle (EV) market.
This post originally appeared at Profit Confidential.