QuantumScape(QS)
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QuantumScape Corporation (QS) Stock Drops Despite Market Gains: Important Facts to Note
Zacks Investment Research· 2024-03-12 23:21
The most recent trading session ended with QuantumScape Corporation (QS) standing at $5.97, reflecting a -1.16% shift from the previouse trading day's closing. The stock trailed the S&P 500, which registered a daily gain of 1.12%. Meanwhile, the Dow experienced a rise of 0.61%, and the technology-dominated Nasdaq saw an increase of 1.54%.The company's shares have seen a decrease of 23.35% over the last month, not keeping up with the Auto-Tires-Trucks sector's loss of 0.65% and the S&P 500's gain of 2.06%.An ...
QuantumScape Corporation (QS) Surpasses Market Returns: Some Facts Worth Knowing
Zacks Investment Research· 2024-03-07 00:01
In the latest market close, QuantumScape Corporation (QS) reached $6.03, with a +1.17% movement compared to the previous day. The stock's performance was ahead of the S&P 500's daily gain of 0.51%. Meanwhile, the Dow gained 0.2%, and the Nasdaq, a tech-heavy index, added 0.58%.The company's shares have seen a decrease of 19.35% over the last month, not keeping up with the Auto-Tires-Trucks sector's gain of 7.56% and the S&P 500's gain of 2.94%.The upcoming earnings release of QuantumScape Corporation will b ...
Buy or Sell? The Bull and Bear Case for QuantumScape Stock.
InvestorPlace· 2024-03-05 16:45
If QuantumScape (NYSE:QS), a solid-state battery producer, successfully brings these batteries to the market, investors might be in for some significant profits. Indeed, solid-state batteries have been touted as the future. These alternatives to traditional lithium-ion batteries are safer, can charge faster, and hold more charge (leading to more range). Thus, for those banking on continued innovation in the EV space, QS stock is among the top options many speculators are focusing on.The company is burning t ...
Is QuantumScape Stock a Buy?
The Motley Fool· 2024-03-02 13:06
Early investors in electric-vehicle (EV) battery start-up QuantumScape (QS -0.48%) have had quite a ride -- and not the fun kind. The company went public via a merger with a special purpose acquisition company, or SPAC, in late 2020 and quickly zoomed to a valuation of around $54 billion. Investors were excited about the potential of a better EV battery and rushed to buy.That didn't last, of course. QuantumScape's market cap is now around $3 billion. But despite the stock's swoon, the investment case for th ...
QuantumScape Corporation (QS) Outperforms Broader Market: What You Need to Know
Zacks Investment Research· 2024-03-01 00:01
QuantumScape Corporation (QS) closed the latest trading day at $6.27, indicating a +0.64% change from the previous session's end. The stock's change was more than the S&P 500's daily gain of 0.52%. Elsewhere, the Dow gained 0.12%, while the tech-heavy Nasdaq added 0.9%.Coming into today, shares of the company had lost 8.52% in the past month. In that same time, the Auto-Tires-Trucks sector gained 12.6%, while the S&P 500 gained 3.85%.The investment community will be closely monitoring the performance of Qua ...
QuantumScape(QS) - 2023 Q4 - Annual Report
2024-02-26 16:00
Financial Performance - The company incurred a net loss of approximately $479.0 million for the year ended December 31, 2023, with an accumulated deficit of approximately $2.9 billion since inception [260]. - The net loss attributable to common stockholders for 2023 was $445.1 million, an increase of $33.2 million (8%) from 2022 [288]. - Cash used in operating activities for 2023 was $240.0 million, compared to $218.0 million in 2022 [300]. - Cash used in investing activities for 2023 included $1.1 billion for marketable securities purchases and $84.5 million for property and equipment [306]. - Cash provided by financing activities in 2023 was $300.2 million, primarily from the August 2023 Public Offering, which generated $288.2 million [310]. - Cash and cash equivalents, along with marketable securities, remained stable at approximately $1.1 billion as of December 31, 2023 [293]. - The company expects its cash resources to last into the second half of 2026 based on its current business plan [273]. - The company believes its cash resources will last into the second half of 2026, but may require additional financing due to changing business conditions [297]. - As of December 31, 2023, the company had cash and cash equivalents and marketable securities totaling $1.1 billion, with a potential decline in fair value of approximately $3.0 million if interest rates increase by 100 basis points [321]. Research and Development - The company shipped its first 24-layer A0 prototype battery cells to multiple automotive OEMs for testing in 2022, marking a significant milestone in product development [262]. - The QS-0 pre-pilot line is being built out in San Jose, California, with the goal of providing sufficient quantities of solid-state electrolyte-separator and cells for internal development and customer sampling [267]. - The company plans to significantly increase research and development expenses as it ramps up engineering operations to meet automotive cost targets, anticipating substantial investments in plant and equipment [278]. - Research and development expenses increased by $50.5 million (17%) in 2023 compared to 2022, primarily due to a rise in stock-based compensation and personnel costs [288]. Production and Technology - The company aims to expand production capacity through its joint venture with Volkswagen, which is expected to represent a small fraction (under 2.3%) of Volkswagen's total production in 2023 [271]. - The solid-state battery technology is designed to eliminate the anode, potentially resulting in a significant cost of goods sold (COGS) advantage [265]. - The company believes its technology has applicability in various markets, including stationary storage and consumer electronics, beyond automotive applications [271]. Expenses and Costs - General and administrative expenses rose by $7.9 million (6%) in 2023 compared to 2022, mainly driven by stock-based compensation [290]. - Interest income surged by $25.6 million (235%) in 2023 compared to 2022, attributed to increased investments and higher interest rates [291]. - The company has experienced increases in prices of raw materials, components, and labor costs, but does not believe inflation has materially impacted its operations to date [322]. - The company may consider alternative vendors and vertically integrate aspects of its supply chain to mitigate inflationary pressures in the future [322]. Regulatory and Market Environment - The company operates in a regulatory environment that is becoming increasingly stringent, particularly regarding environmental regulations and battery safety [275]. - The company is exposed to foreign currency transaction and translation risks as it plans to commence QS-1 operations, although it has not hedged such exposure yet [323]. - The company has not had material exposure to foreign currency fluctuations to date, but anticipates potential exposure with future subsidiaries [323]. Stock-Based Compensation - The fair values of performance-based awards are estimated using a Monte Carlo simulation model, which requires assumptions about expected term, volatility, and cost of equity [316]. - The company recognizes stock-based compensation expense based on the probability assessment of performance conditions, which may lead to significant fluctuations in recognized expenses quarter over quarter [318]. - The company assesses the probability of achieving performance conditions quarterly and allocates expenses on a straight-line basis once a milestone is deemed probable [317]. - The expected volatility for stock-based compensation is based on a blend of peer company volatility and the company's own stock price data [323]. Accounting and Financial Reporting - Recent accounting pronouncements may impact the company's financial condition and results of operations, as detailed in the audited consolidated financial statements [319].
Here's Why QuantumScape Shares Plunged This Week
The Motley Fool· 2024-02-23 12:51
QuantumScape (QS -3.72%) hasn't made any new announcements this week, but the electric vehicle (EV) battery maker's stock was still down by more than 11% as trading gets underway Friday, according to data provided by S&P Global Market Intelligence.The company seeking to revolutionize EV battery technology did, however, make news last week. The drop through Thursday has QuantumScape shares lower by about 20% since the company reported its fourth-quarter results on Feb. 14. That day it also announced it was r ...
Why QuantumScape Stock Headed Lower Today
The Motley Fool· 2024-02-22 22:23
Shares of Quantumscape (QS -3.72%) had a down day Thursday even as the broader market rallied.While there was no company-specific news about the solid-state battery maker, traders apparently reacted to disappointing earnings reports from Rivian (RIVN -25.60%) and Lucid (LCID -16.76%). Quantumscape shares closed Thursday down by 3.6% after having been off by as much as 5% earlier in the session. Meanwhile, shares of both of those unprofitable EV start-ups fell by double-digit percentages. The EV market downs ...
Beware This Battery Stock: Why QuantumScape's Latest Moves Demand Investor Caution
InvestorPlace· 2024-02-22 11:34
After QuantumScape (NYSE:QS) pulled back the veil on its Q4 earnings, shares saw a 5% dip in after-hours trade on Valentine’s February 14. It showed the face of its 2024 objectives while making a slightly better-than-expected loss per share of 23 cents. It didn’t bring in as much money as expected. Read this QS stock analysis to discover where it’s headed next.QuuantumScape CEO Jagdeep Singh assured shareholders with a pat on the back, in the form of battery efficiency progress and aims for low-volume QSE-5 ...
1 Revolutionary Electric Vehicle Stock Down 95% to Buy Hand Over Fist Right Now
The Motley Fool· 2024-02-22 10:11
The electric vehicle industry is still in its early days. Even though practically every auto manufacturer is developing more and better EVs every year, fewer than one in 10 cars sold in the U.S. is fully electric.One company could change all that. It's not a flashy new automaker. It's the company developing a key technology that could make EVs much more preferable and affordable to own over a traditional combustion engine vehicle.QuantumScape (QS -1.23%) is developing solid-state battery technology that cou ...