From Nasdaq:



QuantumScape, a solid-state EV battery company, saw its stock soar in late 2020, but has since plunged 90%. The company aims to commercialize its solid-state battery technology for use in EVs, which would provide a higher energy density and address range anxiety. While progress has been made, the stock remains speculative, and it could be at least two more years before the company generates meaningful revenue. With a market cap of over $3.5 billion, QuantumScape is in an interesting place for investors, as it could potentially move higher if it continues to demonstrate progress, but it also faces the risk of failure or competition from other companies with promising battery technology. The stock is considered as a speculative investment and should only be part of a speculative portion of any portfolio, the article suggests. With a cash balance that can carry it into 2026 and partnerships with potential customers such as Volkswagen Group, QuantumScape remains an interesting option for investors looking to bet on EV stocks. However, investors should carefully consider the speculative nature of the investment and allocate their funds accordingly. Overall, the article encourages investors to carefully consider before buying stock in QuantumScape.



Original: Is EV Company QuantumScape a Buy While It’s Down?