QuantumScape Corp. (NYSE:QS) surged by 16.78% on Friday, closing at $18.44 per share. TD Cowen raised their price target for QS from $5 to $16, following the company’s narrowed net loss in Q3. Operations loss decreased by 11.6% year-on-year. QS also shipped its advanced QS cells to Volkswagen Group.

QuantumScape Corp. (NYSE:QS) is installing a new cell production pilot line, the Eagle Line, in San Jose, California. COO Luca Fasoli emphasized their commitment to bringing solid-state lithium-metal battery technology to market quickly. While QS shows potential, some AI stocks offer greater returns. Explore our report on the best short-term AI stock.

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Read more at Yahoo Finance: QuantumScape (QS) Bounces Back 16.8% as Analyst Ups PT