QuantumScape Is A tramp!
Building a better EV battery
Scott Levine (QuantumScape): With the S&P 500 and Nasdaq Composite down about 13% and 22%, respectively, since the start of the year, investors don't have to look hard to find discounted growth stocks. But finding unstoppable growth stocks trading at a discount -- that can be tougher. One such stock that investors will want to consider is QuantumScape.
The company is focused on developing solid-state batteries for use in electric vehicles. And compared to the lithium-ion batteries that power them now, solid-state batteries offer several advantages, including the ability to charge faster and provide greater range.
But QuantumScape is still in the pre-revenue phase -- it's currently developing prototypes of its batteries. In fact, management doesn't expect to begin commercial manufacture of its solid-state batteries until 2024.
Even though it has some road to travel before it can begin to generate sales, QuantumScape has convinced some prominent partners to come along for the ride. Recognizing the significant potential of the solid-state battery solution, Volkswagen has been collaborating with QuantumScape since 2012. In addition, QuantumScape has inked agreements with two top-10 original equipment manufacturers -- one of which has expressed interest in forming a joint venture with it. And EVs aren't the only market for QuantumScape's innovative power solution. The company has also partnered with Fluence Energy, which hopes to use solid-state batteries in its energy storage applications.
Currently priced at around $12, shares of QuantumScape appear to be in the bargain bin considering that they've traded between $10 and $43.08 over the past year. It may take a few years before QuantumScape's solid-state batteries start rolling off the assembly line, but when they do, investors may be looking at some electric returns.
Building a better EV battery
Scott Levine (QuantumScape): With the S&P 500 and Nasdaq Composite down about 13% and 22%, respectively, since the start of the year, investors don't have to look hard to find discounted growth stocks. But finding unstoppable growth stocks trading at a discount -- that can be tougher. One such stock that investors will want to consider is QuantumScape.
The company is focused on developing solid-state batteries for use in electric vehicles. And compared to the lithium-ion batteries that power them now, solid-state batteries offer several advantages, including the ability to charge faster and provide greater range.
But QuantumScape is still in the pre-revenue phase -- it's currently developing prototypes of its batteries. In fact, management doesn't expect to begin commercial manufacture of its solid-state batteries until 2024.
Even though it has some road to travel before it can begin to generate sales, QuantumScape has convinced some prominent partners to come along for the ride. Recognizing the significant potential of the solid-state battery solution, Volkswagen has been collaborating with QuantumScape since 2012. In addition, QuantumScape has inked agreements with two top-10 original equipment manufacturers -- one of which has expressed interest in forming a joint venture with it. And EVs aren't the only market for QuantumScape's innovative power solution. The company has also partnered with Fluence Energy, which hopes to use solid-state batteries in its energy storage applications.
Currently priced at around $12, shares of QuantumScape appear to be in the bargain bin considering that they've traded between $10 and $43.08 over the past year. It may take a few years before QuantumScape's solid-state batteries start rolling off the assembly line, but when they do, investors may be looking at some electric returns.
