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 Corp (NYSE:QS) reported a Q3 loss of 23 cents per share, beating estimates for a loss of 30 cents per share. Operating expenses totaled $121 million and capital expenditures were $18 million. The company maintained its full-year cash operating expense outlook of $225 million to $275 million and revised its capex guidance lower to a range of $75 million to $100 million. QuantumScape ended the quarter with about $1.1 billion in liquidity after raising $300 million and expects its cash runway to extend into 2026. Despite the positive financial results, the company's shares were trading lower.

Portfolio Pulse from Adam Eckert

October 26, 2023 | 1:28 pm

QuantumScape Corp reported Q3 financial results, beating estimates with a loss of 23 cents per share. The company maintained its full-year cash operating expense outlook and revised its capex guidance lower. It ended the quarter with $1.1 billion in liquidity after raising $300 million. QuantumScape highlighted the success of its A0 prototype cells and plans to move from prototype to product in 2023.

Portfolio Pulse from Adam Eckert

October 25, 2023 | 9:34 pm

QuantumScape reported Q3 losses of $(0.23) per share, beating the analyst consensus estimate of $(0.30) by 23.33 percent. This represents a 14.81 percent increase over losses from the same period last year.

Portfolio Pulse from totan@benzinga.com

October 25, 2023 | 9:02 pm

In the last quarter, QuantumScape (NYSE:QS) received mixed analyst ratings with 2 bearish, 1 somewhat bullish, and 1 indifferent. The company's average 12-month price target is $7.0, with a high of $10.00 and a low of $5.00. This average price target has increased by 4.95% over the past month.

Portfolio Pulse from Benzinga Insights

October 24, 2023 | 6:00 pm

Truist Securities analyst Jordan Levy has maintained a 'Hold' rating on QuantumScape (NYSE:QS) and lowered the price target from $10 to $7.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 4:46 pm

Benzinga's options activity scanner has identified significant trading activity in 10 consumer discretionary stocks. The stocks include Tesla (TSLA), Ford (F), Capri Holdings (CPRI), Thermon Group Holdings (TH), General Motors (GM), Royal Caribbean Cruises (RCL), Chewy (CHWY), Sleep Number (SNBR), Gap (GPS), and QuantumScape (QS). The article provides detailed information about the options trades, including the type of trade, sentiment, expiration date, strike price, total trade price, open interest, and volume.

Portfolio Pulse from Benzinga Insights

October 03, 2023 | 5:35 pm

Goldman Sachs has maintained its Sell rating for QuantumScape (NYSE:QS) and lowered its price target from $6.00 to $5.00. QuantumScape's shares are currently trading down 5.09% over the last 24 hours, at $6.15 per share. A move to $5.00 would account for a 18.7% decline from the current share price.

Portfolio Pulse from Benzinga Insights

October 03, 2023 | 5:00 pm

Goldman Sachs analyst Mark Delaney maintains a 'Sell' rating on QuantumScape (NYSE:QS) and has lowered the price target from $6 to $5.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 12:27 pm

Evercore ISI Group analyst Chris McNally has initiated coverage on QuantumScape (NYSE:QS) with an Outperform rating and a price target of $10.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 10:16 am

Energy Secretary Jennifer Granholm announced that the U.S. is making $3.5 billion available for domestic battery manufacturing and up to $12 billion for automakers and suppliers to retrofit facilities to produce electric vehicles (EVs).

Portfolio Pulse from Happy Mohamed

August 31, 2023 | 3:22 pm

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