QuantumScape rallies as Seeking Alpha analyst pitches the upside

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QuantumScape Corporation (NYSE:QS [https://seekingalpha.com/symbol/QS]) rallied in morning trading on Thursday as it took back ground lost over the preceding two sessions.

Investor attention on QuantumScape (NYSE:QS [https://seekingalpha.com/symbol/QS]) has been focused on the company's successful public demonstration of its new solid-state lithium-metal battery technology in a Ducati motorcycle at the IAA Mobility event in Munich, which showcased commercial viability and strong technical progress. The solid-state battery development was in partnership with Volkswagen’s battery arm, PowerCo.

Analysts said the live event provided proof that QuantumScape's (QS [https://seekingalpha.com/symbol/QS]) QSE-5 battery, produced with its next-generation Cobra manufacturing process, can power a high-performance electric vehicle—fueling investor optimism about future commercialization.

On Seeking Alpha, Investing Group Leader Stone Fox Capital [https://seekingalpha.com/article/4821739-quantumscape-huge-progress-overlooked-rating-upgrade]said the company's recent technical and partnership milestones, including the Cobra separator and expanded PowerCo deal, significantly advance its commercialization timeline and de-risk the investment. The advice to investors was that QuantumScape (QS [https://seekingalpha.com/symbol/QS]) is interesting after the recent dip.

Shares of QuantumScape (QS [https://seekingalpha.com/symbol/QS]) were up 7.2% at 10:20 a.m. on above-average volume. Short interest on QuantumScape (QS [https://seekingalpha.com/symbol/QS]) stands at 10.0% of the total float.

MORE ON QUANTUMSCAPE

* QuantumScape: Huge Progress Overlooked (Rating Upgrade) [https://seekingalpha.com/article/4821739-quantumscape-huge-progress-overlooked-rating-upgrade]
* QuantumScape: Adding To My Position In The Current Dip [https://seekingalpha.com/article/4813099-quantumscape-adding-my-position-current-dip]
* QuantumScape: Great Tech, High Risk [https://seekingalpha.com/article/4811973-quantumscape-great-tech-high-risk]
* Biggest stock movers Monday: RAPP, MCRB, SATS, QS, SMMT and more [https://seekingalpha.com/news/4492944-biggest-stock-movers-monday-rapp-hour-idya-nfe-and-more]
* QuantumScape and Volkswagen's PowerCo show off solid-state batteries in a Ducati motorcycle [https://seekingalpha.com/news/4492982-quantumscape-and-volkswagens-powerco-show-off-solid-state-batteries-in-a-ducati-motorcycle]