QuantumScape(QS)
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QuantumScape(QS) - 2023 Q4 - Earnings Call Transcript
2024-02-15 00:51
Company Participants Jagdeep Singh - Co-Founder, Chief Executive Officer and Chairman Kevin Hettrich - Chief Financial Officer Gabe Daoud - TD Cowen Mark Shooter - William Blair Operator John Saager Before we begin, I want to call your attention to the Safe Harbor provision for forward-looking statements that is posted on our website as part of our quarterly update. Forward-looking statements generally relate to future events, future technology progress, or future financial or operating performance. With th ...
QuantumScape Stock Dips Despite Narrowing Losses
InvestorPlace· 2024-02-14 21:46
QuantumScape (NYSE:QS) stock dipped as much as 5% in after-market trading on Feb. 14 after the company released its fourth-quarter earnings. The firm reported losses per share of 23 cents, a slight improvement over analysts’ prediction for a loss of 34 cents, and outlined plans for 2024.As expected, the Silicon Valley-based company did not generate revenue in the quarter. Wall Street analysts do not expect the startup to generate meaningful sales until at least 2026. Meanwhile, cost-cutting measures previou ...
QS Stock Warning: Be Cautious Clinging to False QuantumScape Hope
InvestorPlace· 2024-02-14 15:39
Bullish investors on QuantumScape (NYSE:QS) know how strong the company’s potential is in the solid-state lithium batteries space. Most fans, staying as positive as they can, believe the company is nearing commercialization. In 2024, QS will focus on QSE-5 cells, undergoing customer prototype testing, particularly with automotive original equipment manufacturers (OEMs). Initial results from A0 prototype cells showed superior performance, though QS stock remains a speculative, long-term investment. Analysts ...
QuantumScape (QS) to Report Q4 Earnings: What's in Store?
Zacks Investment Research· 2024-02-13 16:36
QuantumScape Corporation (QS) is slated to release fourth-quarter 2023 results on Feb 14 after the closing bell. The Zacks Consensus Estimate for QS’ loss is pegged at 23 cents per share for the fourth quarter, implying growth of 8% from the year-ago period.The estimate for the fourth-quarter 2023 loss per share has remained unchanged over the past 90 days. In the last reported quarter, this solid-state battery maker reported a net loss of 23 cents per share, wider than the Zacks Consensus Estimate of a los ...
Duck and Cover! A St. Valentine's Day Massacre Is Coming for QuantumScape Stock
InvestorPlace· 2024-02-09 16:58
If you’re invested in electric vehicle (EV) battery technology company QuantumScape (NYSE:QS), you’ll definitely want to mark your calendar. There’s a major event coming very soon, and depending on the outcome, it could change the QS stock forecast dramatically. So, unless you’re just a gambler, there’s no need to take a huge risk and buy QuantumScape shares now.Furthermore, QuantumScape’s partnership with a well-known automaker might not be as firm as previously assumed. All in all, the bullish argument fo ...
QS Stock Warning: Why QuantumScape Desperately Needs a Valentine's Day Miracle
InvestorPlace· 2024-02-08 11:33
It wasn’t until 2020 that investors started to accept EV stocks. Many SPAC-backed startups in these sectors have since faltered, undergoing significant declines from IPO highs. QuantumScape (NASDAQ:QS) epitomized this trend, soaring to a $50 billion market cap without revenue. Subsequently, QS stock has plummeted by 94%, reflecting waning investor patience. This fact is central to this QS stock forecast.While QuantumScape holds promise, investors should still exercise caution due to its lack of revenue. Des ...
QuantumScape Corporation (QS) Stock Sinks As Market Gains: Here's Why
Zacks Investment Research· 2024-02-08 00:00
QuantumScape Corporation (QS) closed the most recent trading day at $7.29, moving -1.35% from the previous trading session. This change lagged the S&P 500's 0.82% gain on the day. Meanwhile, the Dow experienced a rise of 0.41%, and the technology-dominated Nasdaq saw an increase of 0.95%.Shares of the company have depreciated by 13.37% over the course of the past month, underperforming the Auto-Tires-Trucks sector's loss of 6.96% and the S&P 500's gain of 5.59%.The investment community will be paying close ...
Where Will QuantumScape Stock Be in 1 Year?
The Motley Fool· 2024-02-05 15:32
Fool.com contributor Parkev Tatevosian highlights where he believes QuantumScape (QS -4.68%) stock will be at the end of 2024. *Stock prices used were the afternoon prices of Feb. 2, 2024. The video was published on Feb. 4, 2024. ...
QuantumScape Warning! Sell QS Stock Now Before You Lose Your Shirt.
InvestorPlace· 2024-02-02 07:33
After hitting an all-time high of more than $130 per share in the SPAC boom of 2020, solid-stage battery maker QuantumScape (NYSE:QS) has plummeted. Now trading for less than $7 per share, this stock is down more than 94% from its peak. Like many other post-SPAC companies, such a move isn’t uncommon, though QuantumScape’s decline has been more vicious than most. QS stock investors beware.Throughout this decline, the company’s backers had largely stuck by the company’s side. However, QuantumScape’s key backe ...
QuantumScape Announces Timing of Fourth Quarter 2023 Business Results and Webcast
Businesswire· 2024-01-31 21:30
SAN JOSE, Calif.--(BUSINESS WIRE)--QuantumScape Corporation (NYSE: QS), a leader in developing next-generation solid-state lithium-metal batteries, today announced it will release its 2023 fourth-quarter business results after market close on Wednesday, February 14, 2024. This will be followed by a conference call at 2 p.m. Pacific Time (5 p.m. Eastern Time). Jagdeep Singh, co-founder and chief executive officer, Kevin Hettrich, chief financial officer, and Siva Sivaram, president, will participate on the c ...