Core Insights - The article discusses the author's extensive experience in executive management and knowledge in insurance/reinsurance, Global and Asia Pacific markets, climate change, and ESG [1]. Group 1 - The author has 36 years of experience in executive management, focusing on economic development [1]. - The author holds an honours degree in economics and politics, emphasizing economic development [1]. - The author invests in a personal capacity, indicating a hands-on approach to investment [1].

Core Insights - QuantumScape, a company focused on developing solid-state batteries, is set to announce its earnings on October 22, 2025, despite being pre-revenue [2] - The company reported an operating loss of $506 million and a net income loss of $463 million, with a current market capitalization of $8.6 billion [3] Historical Performance - Over the past five years, QuantumScape's stock has experienced a negative one-day return in 67% of cases following earnings announcements, with a median negative return of -6.4% and a maximum one-day negative return of -17.1% [4] - In the last five years, there have been 18 documented earnings data points, with 6 positive and 12 negative one-day returns, resulting in a 33% occurrence of positive returns, which drops to 25% when considering the last three years [8] Trading Strategies - Traders can adopt pre-earnings positioning by evaluating historical probabilities and establishing positions before earnings announcements, as well as post-earnings positioning by analyzing the relationship between immediate one-day returns and subsequent medium-term returns [7] - A less risky strategy involves analyzing the correlation between short-term and medium-term returns following earnings to execute appropriate trades based on the highest correlation observed [9]

Core Insights - QuantumScape Corp. (QS) and Enovix Corp. (ENVX) are key players in the next-generation lithium battery market, focusing on different applications and technologies [1][3] - QuantumScape is developing solid-state lithium batteries aimed at electric vehicles (EVs), while Enovix is advancing lithium-ion batteries with a 3D cell architecture for consumer electronics and AI-driven devices [2][3] QuantumScape Overview - QuantumScape has strengthened its partnership with Volkswagen, receiving up to $131 million in milestone payments, extending its cash runway and improving its financial position [6][10] - The company showcased its solid-state technology at the IAA Mobility Show, achieving an energy density of 844 Wh/L and rapid charging capabilities [8] - Despite significant technological advancements, QuantumScape is still in the pre-revenue stage, with mass commercialization expected to take years [10][17] Enovix Overview - Enovix is focusing on AI-driven devices, with its AI-1 battery platform offering over 900 Wh/L energy density and more than 1,000 cycles of life [12][15] - The company has begun shipping AI-1 samples to major OEMs and is ramping up production at its Fab2 plant in Malaysia [13][14] - Enovix reported $674 million in cash and a 31% adjusted gross margin, indicating strong financial health and profitability [15][16] Comparative Analysis - QuantumScape's stock has rallied approximately 200% this year, but much of the optimism may already be priced in, limiting near-term upside [3][17] - Enovix is generating revenues and is well-positioned to capitalize on the growing demand for power in AI-driven devices, with a Zacks Rank of 2 (Buy) compared to QuantumScape's 3 (Hold) [18][19] - Enovix's focus on immediate commercial success contrasts with QuantumScape's longer-term potential in the EV market [19]

Core Insights - Premarket trading is showing notable activity with significant price movements indicating potential trading opportunities before the market opens [1] Premarket Gainers - Artiva Biotherapeutics, Inc. (ARTV) has increased by 124% to $6.22 [3] - Akanda Corp. (AKAN) is up 39% at $3.10 [3] - Kezar Life Sciences, Inc. (KZR) has risen 38% to $5.80 [3] - Carbon Revolution Public Limited Company (CREV) is also up 38% at $5.15 [3] - Safe & Green Holdings Corp. (SGBX) has increased by 28% to $3.96 [3] - Achieve Life Sciences, Inc. (ACHV) is up 23% at $3.80 [3] - Revolution Medicines, Inc. (RVMD) has risen 8% to $53.90 [3] - Erayak Power Solution Group Inc. (RAYA) is up 8% at $5.76 [3] - ProQR Therapeutics N.V. (PRQR) has increased by 7% to $3.00 [3] - Bio Green Med Solution, Inc. (BGMS) is up 6% at $4.04 [3] Premarket Losers - American Rebel Holdings, Inc. (AREB) has decreased by 41% to $2.09 [4] - Sadot Group Inc. (SDOT) is down 25% at $5.35 [4] - AVITA Medical, Inc. (RCEL) has fallen 24% to $4.04 [4] - Soluna Holdings, Inc. (SLNH) is down 23% at $3.22 [4] - American Battery Technology Company (ABAT) has decreased by 17% to $4.70 [4] - CID HoldCo, Inc. (DAIC) is down 17% at $2.16 [4] - Pinnacle Food Group Limited (PFAI) has fallen 12% to $3.12 [4] - OnKure Therapeutics, Inc. (OKUR) is down 12% at $2.52 [4] - Whitehawk Therapeutics, Inc. (WHWK) has decreased by 12% to $2.29 [4] - Aqua Metals, Inc. (AQMS) is down 7% at $14.50 [4]

Core Insights - The article discusses the emergence of companies in the "Zero-Dollar Club," which includes Rigetti Computing, Joby Aviation, and QuantumScape, all of which have high valuations despite not generating traditional revenue [1][5]. Company Summaries Rigetti Computing - Rigetti is focused on quantum computing and has not yet generated traditional revenue, but it has a market cap exceeding $17 billion and a year-to-date stock rally of 220% [2]. Joby Aviation - Joby is developing electric air taxis and currently has no commercial flights generating revenue. Its market cap is over $15 billion, with a year-to-date stock increase of 115% [3]. QuantumScape - QuantumScape is a battery startup aiming to produce solid-state EV cells, with a valuation around $9.7 billion. The company has not yet generated revenue, but investor interest in next-gen batteries is driving its stock price [4]. Investor Sentiment - The common thread among these companies is the investor preference for potential future profits over current financial performance, leading to significant stock price volatility and high valuations [5].

Core Insights - Microvast Holdings Inc. (NASDAQ: MVST) has reached a new all-time high, driven by increased investor interest in battery companies following China's new restrictions on lithium batteries [1][3]. Company Performance - Microvast's stock surged to a peak price of $6.41 during intra-day trading, ultimately closing up by 19.05% at $6.25 [2]. - This marks the third consecutive day of gains for Microvast, indicating strong market momentum [1]. Industry Context - China's Ministry of Commerce announced that it will impose export controls on certain lithium battery-related items and synthetic graphite anode materials starting November 8, 2025, to protect national security [3][4]. - The new export regulations will require battery companies to obtain licenses for exporting China-made goods, which is expected to create supply challenges and drive demand for alternative suppliers [4]. - As a result of these restrictions, other battery companies, including Microvast, are anticipated to benefit as consumers seek alternative sources for battery supplies [4]. Company Overview - Microvast Holdings Inc. specializes in the design, development, and production of lithium-ion battery solutions for electric vehicles (EVs) and energy storage systems [5].

Market Overview - U.S. stock futures were higher, with Dow futures gaining over 100 points on Thursday [1] Company-Specific Movements - Satellogic Inc. (NASDAQ:SATL) shares fell 13.1% to $3.60 in pre-market trading following a proposed public offering [1] - American Battery Technology Company (NASDAQ:ABAT) shares dipped 23.9% to $6.81 after the DOE terminated its grant [3] - Hyperfine, Inc. (NASDAQ:HYPR) shares decreased 14.1% to $1.89 after reporting preliminary third-quarter revenue results below estimates and announcing a proposed public offering [3] - Omeros Corporation (NASDAQ:OMER) shares declined 9.2% to $9.45 after a significant 154% jump on Wednesday due to Novo Nordisk acquiring its global rights to Zaltenibart [3] - Hewlett Packard Enterprise Company (NYSE:HPE) tumbled 8.6% to $22.85 despite reporting record revenue driven by AI demand, as restructuring costs compressed profit margins [3] - NIO Inc. (NYSE:NIO) fell 8.5% to $6.24 in pre-market trading [3] - Inventiva S.A. (NASDAQ:IVA) declined 7.5% to $5.06 after a 10% gain on Wednesday [3] - Bitfarms Ltd. (NASDAQ:BITF) fell 4.6% to $6.17 after announcing a $300 million convertible senior notes offering [3] - Rigetti Computing, Inc. (NASDAQ:RGTI) shares fell 4.8% to $53.66 amid concerns over leadership commitment after the CEO sold all shares following an options exercise [3] - Datavault AI Inc. (NASDAQ:DVLT) slipped 4.8% to $2.00 in pre-market trading [3]

Core Viewpoint - Dragonfly Energy Holdings Corp. announced a public offering of 36 million shares at $1.35 per share, aiming to raise approximately $55.4 million for working capital and debt restructuring [1][2]. Group 1: Offering Details - The public offering includes 36,000,000 shares of common stock priced at $1.35 each and pre-funded warrants for up to 5,000,000 shares at $1.3499 each, with gross proceeds expected to be around $55.4 million before expenses [1]. - Underwriters have a 30-day option to purchase an additional 6,150,000 shares at the public offering price [1]. - The offering is expected to close on or about October 17, 2025, pending customary closing conditions [1]. Group 2: Use of Proceeds - The net proceeds will be used for working capital, prepayment of $45 million in outstanding debt, and investments in initiatives to drive near-term revenue and advancements in battery technologies [2]. Group 3: Company Overview - Dragonfly Energy is a leader in lithium battery technology, focusing on cell manufacturing and system integration, with a mission to develop nonflammable, all-solid-state battery cells [5]. - The company has established a strong presence in the lithium battery market through its Battle Born Batteries® brand, with a significant deployment of battery packs across various applications [5].

Core Insights - Microvast Holdings Inc. (NASDAQ:MVST) shares have seen a significant increase, rising 5.76% to $6.61 in after-hours trading following China's announcement of new export restrictions on rare-earth materials and lithium batteries [1][2]. Industry Developments - China's Commerce Ministry has introduced export restrictions requiring licenses for products containing more than 0.1% domestically sourced rare earths or those utilizing Chinese extraction, refining, or magnet-making technology, effective December 1 [2]. - The U.S. government, under Treasury Secretary Scott Bessent, is expected to increase investments in companies affected by these restrictions, indicating a strategic response to bolster domestic capabilities [3]. Company Performance - Microvast has experienced a remarkable stock performance, surging 2,740.91% over the past year and 278.79% in the last six months, with a market capitalization of $2.03 billion [5]. - The stock has fluctuated between $0.15 and $6.42 over the past year, closing at a 12-month high of $6.25, reflecting a 19.05% increase on Wednesday [5]. - Benzinga's Edge Stock Rankings indicate that MVST has a strong momentum in the 99th percentile, showing a positive price trend across all time frames [6].

Group 1 - The article highlights Cellinity as a breakthrough battery storage solution specifically designed for AI infrastructure, which eliminates the need for rare earth elements [1] - BioLargo, Inc. is identified as a cleantech innovator focused on developing and commercializing sustainable technologies [1] - The management team of BioLargo, Inc. will present at the LD Micro Main Event XIX on October 20, 2025, at 2:00 p.m. Pacific Time in San Diego, California [1]