Stocks · News reference
QuantumScape is launching a 100 megawatt-hour (MWh) cell production line in partnership with Muehlbauer Group to supply solid-state batteries for AI data centers, aerospace, and defense markets.
Reference Details
Poisar stores the source's headline, summary and market tags for reference. Reporting and full article text remain with the original publisher.
Keep reading
QuantumScape announced strong quarterly results and a major new manufacturing partnership, but the stock failed to rise significantly. Investors remain concerned about the company's lack of progress toward commercialization, suggesting that positive announcements alone are insufficient to drive investor confidence without clear pathways to revenue generation.
Evercore analyst Chris McNally maintained a 'Hold' rating on QuantumScape while lowering the price target from $10 to $7.
Deutsche Bank has lowered its price target for QuantumScape from $7 to $6 while maintaining a Hold rating.