Why QuantumScape Shares Popped Ahead of Tomorrow's Update
Shares of electric-vehicle (EV) battery maker QuantumScape (NYSE: QS) spiked by a double-digit percentage on Tuesday, a day before the company reports its next financial update. The stock closed the day up 10.6%.
Today's move likely isn't directly related to the earnings release tomorrow. But after the report comes at the market close Wednesday, the company will be answering questions from both retail and institutional shareholders. Last month, it produced a research paper on successful results for fast charging with its solid-state battery technology. That is a crucial step toward commercialization, and will likely be the topic of several questions tomorrow.
Source Fool.com
