Is This Forgotten Battery Stock Primed To Deliver Gains In The Next Leg of The EV Revolution?
QuantumScape is slowly but surely getting its act together.
Overview
QuantumScape (NASDAQ: QS), a developer of solid-state batteries, went public through a merger with a special-purpose acquisition company (SPAC) on Nov. 27, 2020. Its stock started trading at $24.80 and skyrocketed to an all-time high of $131.67 on Dec. 22, 2020.
Unfortunately, QuantumScape missed its goal of commercializing its first batteries by 2024, didn't generate any meaningful revenue, and racked up steep losses. That's why its stock now trades at about $7. But could it eventually bounce back as the EV market expands and evolves?
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Details
Source
Originally published at www.fool.com.
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