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Solid Power Stock Is Surging on News From a Rival

A rival battery start-up's stock surged after it announced an important deal on Thursday. That sent Solid Power's shares higher as well. Shares of electric vehicle (EV) battery start-up Solid Power (SLDP 7.58%) were moving higher on Thursday after rival QuantumScape (QS 30.78%) announced a new deal with Volkswagen (VWAGY 0.33%). As of 11 a.m. ET today, Solid Power's shares were up about 13.5% from Wednesday's closing price. Solid Power's stock is moving on a rival's big news Colorado-based Solid Power is wo ...