Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why QuantumScape Rocketed 26% Higher in July

TheMotleyFool

0 0

Why QuantumScape Rocketed 26% Higher in July: https://g.foolcdn.com/editorial/images/694632/ev-charging-station-woman-getty.jpeg

Shares of QuantumScape (NYSE: QS) soared 26% higher in July, according to data from S&P Global Market Intelligence, as the next-generation electric vehicle (EV) battery maker rallied along with the broader market.

The stock is still down 44% year to date and is more than 71% off its 52-week high, but investors enjoyed the respite from the continuously declining value of its shares.

QuantumScape is a pre-revenue company, meaning it doesn't have any sales yet, but its revolutionary technology that allows for safer and faster charging of electric car batteries has gained a lot of attention from the industry.

Source Fool.com

Like: 0

Share