Here’s Why QuantumScape Stock Is a Buy Before April 23
From Yahoo Finance: 2025-04-22 16:17:00
QuantumScape (NYSE: QS) soared post-merger with a SPAC in 2020, hitting a record high of $131.67. However, it missed its target of commercializing batteries and generating revenue. With a current stock price under $4, its market cap remains high at $2.1 billion, despite no revenue and increased outstanding shares by 57%. Insider buying hints at a potential turnaround.
QuantumScape’s solid-state batteries aim to revolutionize the EV market with high energy density and rapid charging. Backed by Volkswagen, it plans to start shipping its QSE-5 batteries in 2024. Despite challenges like tariffs and competition, a strong earnings report could trigger a short squeeze. Analysts forecast revenue of $3.5 million in 2026 with potential for growth.
Investing in QuantumScape is speculative but could pay off if it successfully commercializes batteries by 2026. Insider buying indicates optimism, while challenges like tariffs and competition remain. Analysts project a $3.5 million revenue in 2026, setting a low bar for potential stock growth. Consider the risks before investing.
Read more at Yahoo Finance: Here’s Why QuantumScape Stock Is a Buy Before April 23