In 2021, the electric vehicle (EV) industry stood at the cusp of an exciting future. Since then, though, EV sales growth has slowed notably, and some of the top names in the industry are attracting more controversy than investor interest.
When QuantumScape (QS -4.39%) reported its 2024 financial results, it highlighted some key achievements. The big ones were all around producing samples of its various solid-state battery products.
In 2020, QuantumScape (QS -2.04%) was one of the hot stocks to hold, according to Wall Street. The stock back rose as high as $115 per share with a market cap approaching $50 billion.
QuantumScape (QS 1.91%) was once considered a promising play on the solid-state battery market, but its stock has tumbled more than 70% over the past three years. Like many other start-ups that went public by merging with special purpose acquisition companies (SPACs) in recent years, QuantumScape overpromised and underdelivered.
QuantumScape (QS -3.94%) is developing innovative battery technology that the electric vehicle industry desperately needs.
QuantumScape's strategic partnership with Volkswagen and advancements in manufacturing technology position it as a strong buy despite recent stock price dips. The company's financial health, including sufficient liquidity until 2028 and improved EPS, underscores efficient capital management. Conservative revenue projections and P/S ratios suggest QuantumScape can deliver a 37% annualized return by FY2032, making it an attractive investment.
Electric vehicles (EVs) have the potential to revolutionize transportation. While the technology is evolving, mass adoption still encounters hurdles -- mainly around charging times and driving range compared to traditional gas-powered vehicles.
QuantumScape (QS 2.50%), a developer of solid-state batteries for electric vehicles (EVs), is again becoming quite an item on the stock market. Following the company's most recently published earnings report, investors have become notably more bullish on its shares, pushing their value higher.
QuantumScape (QS 2.50%), a developer of solid-state lithium metal batteries, posted its fourth-quarter report on Feb. 12. It didn't generate any revenue since it hasn't commercialized any of its batteries yet.
QuantumScape (QS -5.87%) stock is slumping in Wednesday's trading. The solid-state battery company's share price was down 4.2% as of 3:15 p.m.
While the S&P 500 (^GSPC -0.06%) and Dow Jones Industrial Average (^DJI -0.21%) are inching in opposite directions to start this shortened trading week, shares of QuantumScape (QS 3.44%) are moving decisively higher. A leading electric vehicle (EV) manufacturer has announced its plan to use solid-state batteries in their vehicles, and investors are sitting up and taking notice of the news.
Here is how QuantumScape Corporation (QS) and XPeng Inc. Sponsored ADR (XPEV) have performed compared to their sector so far this year.