Why QuantumScape Stock Charged Higher Today
QuantumScape (NYSE: QS) and today announced a new deal that has the electric vehicle (EV) battery start-up's stock soaring.
The news pushed QuantumScape shares higher by as much as 34% Thursday morning. As of 11:05 a.m. ET, the stock was still trading up by 29.2%.
The two companies aren't strangers. Volkswagen was an early investor in QuantumScape hoping that it can successfully commercialize the solid-state battery technology it is developing. QuantumScape's battery technology could address range anxiety and reinvigorate interest in EVs after a slowdown in sales growth.
Source Fool.com
Volkswagen AG VZO Aktie
95,16 €
-0,23 %
Leichte Kaufneigung bei Volkswagen AG VZO, mit mehr Buy- als Sell-Einschätzungen.
Das Community-Kursziel von 110 € für Volkswagen AG VZO deutet auf ein leicht positives Wachstumspotenzial gegenüber 95.16 € hin.
