QuantumScape Corp. (NYSE:QS) soared 14.7% on Friday, closing at $16.82 per share, driven by impressive Q3 earnings performance. The company narrowed its net loss by 11.5% and reduced its loss from operations by 11.6% compared to the same period last year. QuantumScape also successfully shipped its most advanced QS cells to date in the same quarter.

QuantumScape is currently installing a highly automated cell production pilot line, the Eagle Line, at its San Jose headquarters. The company aims to revolutionize energy storage with its solid-state lithium-metal battery technology. While QS shows investment potential, some AI stocks may offer higher returns with limited downside risk. Check out Insider Monkey’s report on the best short-term AI stock for more information.

Read more at Yahoo Finance: QuantumScape (QS) Soars 14.7% on Impressive Q3