Streetbeat News

QuantumScape Corporation

https://www.quantumscape.com

Industry

Auto - Parts

QuantumScape Corporation, a development stage company, focuses on the development and commercialization of solid-state lithium-metal batteries for electric vehicles and other applications. The company was founded in 2010 and is headquartered in San Jose, California.

Open

5.07

Mkt cap

2.6B

Volume

13M

High

5.13

P/E Ratio

-5.25

52-wk high

10.03

Low

4.93

Div yield

N/A

52-wk low

4.67

QuantumScape Corporation (NYSE:QS) reported Q1 financial results with losses of 24 cents per share, meeting analyst estimates and unchanged from the previous year. The company has $1.01 billion in liquidity, expecting its cash runway to extend into the second half of 2026. QuantumScape aims to bring its first commercial solid-state lithium-metal battery cell to market for electric vehicle applications. The company maintained its full-year 2024 guidance for capital expenditures and adjusted EBITDA loss. QS shares dropped 2.55% in after-hours trading.

Portfolio Pulse from Erica Kollmann

April 24, 2024 | 8:58 pm

QuantumScape reported its Q1 2024 GAAP EPS at $(0.24), meeting the analyst consensus estimate and remaining unchanged from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 8:34 pm

Treasury yields rise, impacting the iShares 20+ Year Treasury Bond ETF (TLT) negatively. Tesla Inc. (TSLA) shares jump 10% on the promise of cheaper models. The Japanese yen hits a 34-year low, affecting currency markets. The S&P 500 and Dow Jones see declines, while specific stocks and ETFs like the iShares Russell 2000 ETF (IWM) and SPDR S&P 500 ETF Trust (SPY) also fall. Texas Instruments Inc. (TXN) and other companies react to earnings reports, influencing their stock prices.

Portfolio Pulse from Piero Cingari

April 24, 2024 | 5:40 pm

Nasdaq and S&P 500 futures rose due to positive guidance from Tesla and Texas Instruments, with investors eyeing upcoming economic data. The SPDR S&P 500 ETF Trust and Invesco QQQ ETF saw premarket gains. Analysts suggest the market rally could resume with the right catalyst, amid expectations of favorable inflation data. Tesla, Texas Instruments, and other companies showed significant premarket movements following their earnings reports.

Portfolio Pulse from Shanthi Rexaline

April 24, 2024 | 10:37 am

Truist Securities analyst Jordan Levy maintains a Hold rating on QuantumScape (NYSE:QS) and lowers the price target from $8 to $6.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 4:31 pm

The upcoming week's earnings reports from major companies like Tesla, Meta Platforms, Microsoft, and Alphabet are highly anticipated as they could influence the market's direction. FactSet's report indicates that S&P 500 companies' earnings surprises are at or above their 10-year averages, despite a slight decline in the combined earnings per share growth rate. The focus shifts to tech companies, with 158 S&P 500 companies, including 11 Dow 30 components, expected to release their earnings. Tesla is expected to report a downbeat quarter, while Microsoft, Alphabet, and Meta are anticipated to report strong results. The SPDR S&P 500 ETF Trust (SPY) and the Invesco QQQ Trust (QQQ) have seen declines from their all-time highs.

Portfolio Pulse from Shanthi Rexaline

April 21, 2024 | 9:45 pm

EV stocks, including LCID, MULN, NIO, and PSNY, are trading lower due to overall market weakness, Middle East tensions, rising yields, and potential layoffs at Tesla affecting the sector.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 7:47 pm

Shares of companies in the consumer discretionary sector are down due to market weakness after March inflation data exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 2:09 pm

QuantumScape's stock is trading higher following the announcement that the company has begun shipping its Alpha-2 prototype battery cells to customers. This development is seen as a significant step forward for QuantumScape in its efforts to commercialize its solid-state battery technology.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 3:22 pm

QuantumScape Corporation (NYSE:QS) has started shipping Alpha-2 prototype battery cells to customers, achieving a significant 2024 goal ahead of schedule. These prototypes are crucial for the development of QuantumScape's first commercial product, QSE-5, and feature improvements such as higher energy density compared to previous prototypes.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 10:47 am

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