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's shares are trading lower by 2.0% following the announcement of a $300 million public offering of Class A common stock. The underwriters have a 30-day option to purchase up to an additional 5.6 million shares at the offering price. The public offering closed on Tuesday, August 8. Evercore ISI and Morgan Stanley were joint lead book-running managers for the offering, with Goldman Sachs & Co. LLC and UBS Investment Bank acting as additional book-running managers.

Portfolio Pulse from Henry Khederian

August 10, 2023 | 3:50 pm

QuantumScape Corp's shares are trading lower by 2.4% following the announcement of a $300 million public offering of Class A common stock. The underwriters have a 30-day option to purchase up to an additional 5.6 million shares at the offering price. The offering is set to close on August 8. Evercore ISI and Morgan Stanley were joint lead book-running managers, with Goldman Sachs & Co. LLC and UBS Investment Bank as additional book-running managers.

Portfolio Pulse from Henry Khederian

August 07, 2023 | 5:48 pm

The article lists the stocks that gained and lost the most during Friday's mid-day trading session. Among the gainers were Missfresh Limited, United States Cellular Corporation, and Tupperware Brands Corporation, while the losers included Mesoblast Limited, Assertio Holdings, Inc., and INVO Bioscience, Inc. ResMed Inc. shares fell by 15.3% due to worse-than-expected fourth-quarter adjusted EPS results.

Portfolio Pulse from Lisa Levin

August 04, 2023 | 4:55 pm

QuantumScape Corp (NASDAQ:QS) shares dropped by 11.3% after the company announced a $300 million public offering of Class A common stock. The underwriters have a 30-day option to purchase up to an additional 5.6 million shares at the offering price. The offering is set to close on August 8. Evercore ISI and Morgan Stanley were joint lead book-running managers, with Goldman Sachs & Co. LLC and UBS Investment Bank as additional book-running managers.

Portfolio Pulse from Henry Khederian

August 04, 2023 | 3:32 pm

QuantumScape has announced the pricing of a $300 million public offering of Class A common stock, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 3:28 pm

During Friday's pre-market session, several consumer discretionary stocks experienced significant movement. Tupperware Brands, Polished.com, Digital Brands Group, DraftKings, Xponential Fitness, and Esports Entertainment saw increases, while Lottery.com, QuantumScape, The One Group Hospitality, JOANN, Funko, and Dixie Gr experienced decreases. Q2 earnings reports were released for several of these companies.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 3:26 pm

Several US-listed companies including Apple, Fortinet, Microchip Technology, and others are experiencing a decline in their stock prices in Friday's pre-market session. This is due to various reasons such as weak sales outlook, downbeat quarterly results, and weak guidance.

Portfolio Pulse from Lisa Levin

August 04, 2023 | 3:02 pm

QuantumScape Corporation has announced the pricing of its underwritten public offering of 37.5 million shares of its Class A common stock for gross proceeds of $300 million. The company has also granted the underwriters a 30-day option to purchase up to an additional 5.62 million shares at the public offering price. The offering is expected to close on August 8, 2023. Following the announcement, QS shares are trading lower by 9.19% at $8.00 in premarket trading.

Portfolio Pulse from Shivani Kumaresan

August 04, 2023 | 3:00 pm

QuantumScape has announced the pricing of its $300 million public offering of 37.5 million Class A common stock.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 2:46 pm

Numerous stocks experienced significant price changes in Thursday's mid-day session. Companies that posted strong quarterly results, such as Traeger, Inc. (COOK), Upwork Inc. (UPWK), and The Clorox Company (CLX), saw their shares rise. Conversely, companies that reported worse-than-expected results or issued below-consensus outlooks, such as DXC Technology Company (DXC), Expedia Group, Inc. (EXPE), and Cummins Inc. (CMI), saw their shares fall.

Portfolio Pulse from Lisa Levin

August 04, 2023 | 1:56 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.