QuantumScape: More De-Risking Events And Milestones Achieved (Rating Upgrade)

JHVEPhoto Investment thesis In March, we have looked at QuantumScape (NYSE:QS), which is a company developing a new kind of battery that can store more energy and eliminate the drawbacks of lithium batteries. Since then, we have witnessed that the company has made different progresses in its business operations and technological capability, which will be discussed below. After the revisit, based on the improved situation and increased sales forecast, we are upgrading the company to a Buy. Image created by t ...