Quantumscape battery stock

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Why QuantumScape Stock Is Rallying This Week

What happened

Shares of solid-state battery technology company QuantumScape(NYSE:QS) have been soaring this week, extending the volatility the stock has seen since the company began trading publicly. The shares were holding near their all-time lows when investors got news that made them excited to own QuantumScape once again. Entering the final trading day of the week, QuantumScape stock was near its weekly high, up about 24%. 

So what

The stock gains can be attributed to both company-specific news as well as more macro trends this week. After a sell-off to start the week, both the S&P 500 and the Nasdaq Composite regained those losses as the week progressed. And news that came from a QuantumScape Securities and Exchange Commission filing last Friday has helped shares soundly outperform the markets for the week. The company said it has signed an agreement with a second automotive manufacturer -- and it's one of the world's top ten by revenue. 

A stock chart hovering level, with a rocket at the end.

Image source: Getty Images.

Now what

The technology of solid-state batteries for use in electric vehicles has yet to be commercialized, but QuantumScape has been making progress in its development. Volkswagen was an early investor in the company, and news of interest from a second large automaker brings more legitimacy to the technology in investors' eyes. 

QuantumScape believes it has a ceramic material that can be used as a solid-state separator in the battery cell to help overcome slow charging times and improve performance and fire safety compared to current lithium-ion batteries. Earlier this year, the company announced it had successfully built its first multilayer battery cell with four layers, which confirmed the technology is workable. In July, the company said it had successfully produced, and begun testing, its first 10-layer battery cells. This is the level needed to produce a commercially viable product.

This week's news helps support the results from the company. Though left unnamed, the latest automotive manufacturer to sign on to work with QuantumScape has agreed to collaborate with the company and evaluate prototypes of the solid-state battery cells, according to the SEC filing.

QuantumScape said the company has already evaluated early versions of the battery cells, and it also has agreed to purchase capacity from the company's pre-pilot production line facility, which should begin production in 2023. 

After Monday's sell-off, many stocks, including those in the speculative EV sector, roared back. QuantumScape was no exception, and it had company-specific news to help boost those gains. It's not surprising that shares bounced back strong off of lows this week.

Sours: https://www.fool.com/investing/2021/09/24/why-quantumscape-stock-is-rallying-this-week/

QuantumScape soars 16% as a 'Top 10' automaker is set to test its EV battery prototypes

QuantumScape lab
  • QuantumScape leaped 16% during Tuesday's session on a battery-testing deal with a large automaker.
  • The unnamed "Top 10" vehicle maker will evaluate prototypes of the company's solid-state battery cells.
  • Volkswagen and a Bill Gates' venture are among the California startup's backers.
  • See more stories on Insider's business page.

QuantumScape stock jumped Tuesday after the electric vehicle battery maker said a prominent but unnamed vehicle manufacturer will test prototypes of its solid-state battery cells.

It follows another deal the company has made with a top automaker recently. In the latest one, QuantumScape signed a collaboration and evaluation agreement with the second vehicle maker, which it described as ranking among the top 10 of its peers in terms of global revenue.

The automaker has also agreed to purchase 10 megawatt-hours of capacity from QuantumScape's pre-pilot production line facility.

Financial terms of the evaluation and capacity agreement were not disclosed in a filing with the Securities and Exchange Commission.

Shares soared as much as 16% to $24.10, the first time the stock has traded above $24 since August 11. A win on Tuesday would help QuantumScape stock trim its year-to-date loss of 75% posted through Monday's session.

The California startup counts Volkswagen and Bill Gates' Breakthrough Energy Ventures among its investors and partners. As of July, the company had a funding total of about $2 billion.

QuantumScape says its solid-state battery technology has advantages over the industry standard of lithium-ion batteries, including increasing the driving range for electric vehicles and reducing the risk of fire. In July, the company hired a Tesla veteran to lead its manufacturing efforts.

Read the original article on Business Insider

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QuantumScape Corporation (QS)

NYSE: QS · Delayed Price · USD

24.74

+0.13 (0.53%)

Pre-market:Oct 15, 2021 7:05 AM EDT

24.61

0.31 (1.28%)

At close: Oct 14, 4:00 PM

Market Cap9.97B
Revenue (ttm)n/a
Net Income (ttm)-1.27B
Shares Out404.96M
EPS (ttm)-5.36
PE Ration/a
Forward PEn/a
Dividendn/a
Ex-Dividend Daten/a
Volume5,188,363
Open24.49
Previous Close24.30
Day's Range23.90 - 24.80
52-Week Range11.25 - 132.73
Betan/a
AnalystsBuy
Price Target36.60 (+48.7%)
Est. Earnings DateOct 26, 2021
Sours: https://stockanalysis.com/stocks/qs/
Quantumscape CEO on going public and why his battery technology will change the EV market

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Sours: https://www.wsj.com/market-data/quotes/QS
QuantumScape Battery VS Tesla 4680 Tabless Battery - Solid State Battery VS Lithium-Ion Battery

QuantumScape Corporation (QS)

NYSE: QS · Delayed Price · USD

24.83

+0.22 (0.89%)

Pre-market:Oct 15, 2021 6:21 AM EDT

24.61

0.31 (1.28%)

At close: Oct 14, 4:00 PM

Market Cap9.97B
Revenue (ttm)n/a
Net Income (ttm)-1.27B
Shares Out404.96M
EPS (ttm)-5.36
PE Ration/a
Forward PEn/a
Dividendn/a
Ex-Dividend Daten/a
Volume5,188,363
Open24.49
Previous Close24.30
Day's Range23.90 - 24.80
52-Week Range11.25 - 132.73
Betan/a
AnalystsBuy
Price Target36.60 (+48.7%)
Est. Earnings DateOct 26, 2021
Sours: https://stockanalysis.com/stocks/qs/

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The electric vehicle (EV) market is expected to grow significantly in the next decade and the demand for ancillary products, such as EV batteries, are in strong demand. With that in mind, today I’ll analyze QuantumScape (QS) and Microvast (MVST), to determine which ancillary EV stock is the better buy.



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Several governments all around the world have pledged to fight climate change and invest in clean energy solutions. In the United States, Joe Biden’s administration has drafted policies that will accelerate the demand for electric vehicles. The Chinese government is also providing subsidies to drive demand higher. 

Therefore, companies part of the electric vehicle (EV) space are well poised to benefit from this trend.  This includes ancillary infrastructure companies, such as QuantumScape (QS) and Microvast (MVST), interesting potential long-term investments.

However, investors should also note that this is a very nascent industry, and not all companies will succeed.  So let’s see whether QuantumScape or Microvast is a better investment today.

QuantumScape is valued at a market cap of $8.65 billion

A development stage company, QuantumScape is engaged in the production and commercialization of solid-state lithium-metal batteries for EVs. It’s a pre-revenue company valued at a market cap of $8.65 billion.

QuantumScape believes solid-state batteries are a key component that will accelerate the shift towards EVs. It is currently the only such battery manufacturer with automotive OEM (original equipment manufacturer) validation.

The company ended the quarter with $1.57 billion in cash and has deployed $300 million in capital expenditure to date. It has over 200 patents and patent applications in process and has partnered with Volkswagen via a joint venture.

QuantumScape claims its battery has a higher energy density compared to other lithium-ion batteries. It also explains that these batteries can be charged faster and have a longer range which may be a game-changer for QuantumScape.

Alternatively, it will take a few years before the product is launched. According to QuantumScape,battery testing will begin in 2023 and it will be available for commercial use by 2025. The company’s management also forecasts an adjusted EBITDA loss until 2027.

Microvast Holdings has a market cap of $2.92 billion

Microvast designs, develops, and manufactures battery systems for electric vehicles and energy storage systems. The stock is currently valued at a market cap of $2.92 billion.

Microvast’s revenue in Q2 of 2021 grew by 53.8% year over year to $33.4 million. But its net loss also expanded from $7.9 million in the prior-year period to $27 million. Microvast attributed the ongoing shortage in semiconductor chips, supply chain inefficiencies, and rising costs of raw materials to its widening losses in Q2.

The company’s management expects revenue to grow between 35% and 44% in 2021 while Wall Street forecasts sales at $143.53 million this year. Analysts also expect sales to grow by 79% to $257 million in 2022.

Microvast continues to reinvest in business expansion projects that include building new production facilities and allocating funds for research and development. The company claims it has secured over $1.5 billion in contracts through 2027 and forecasts sales to touch $2.3 billion by 2025.

The Verdict

Shares of QS and MVST have lost significant momentum in the last few months. While MVST has fallen over 60% from its 2021 high, QS is down 75% . The two companies carry significant risks but are also poised to derive impressive gains in the upcoming decade. Currently, I believe MVST is the better buy.  That’s because it has strong revenue growth and better visibility than QS, which is still pre-revenue.



QS shares fell $0.01 (-0.05%) in after-hours trading Wednesday. Year-to-date, QS has declined -75.60%, versus a 20.58% rise in the benchmark S&P 500 index during the same period.





About the Author: Aditya Raghunath



Aditya Raghunath is a financial journalist who writes about business, public equities, and personal finance. His work has been published on several digital platforms in the U.S. and Canada, including The Motley Fool, Finscreener, and Market Realist.

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The post QuantumScape vs. Microvast: Which Electric Vehicle Battery Stock is a Better Investment? appeared first on StockNews.com

Sours: https://www.entrepreneur.com/article/385887


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