Why QuantumScape Stock Is Trading Higher Today
Shares of QuantumScape (NYSE: QS) were trading sharply higher Wednesday after the start-up provided an update on its research-and-development efforts and said that it will soon have enough cash to get its innovative batteries into production.
As of 2:15 p.m. EST, QuantumScape's shares were up about 23.4% from Tuesday's closing price.
QuantumScape reported its fourth-quarter and full-year results after the market closed on Tuesday. Most of the numbers were about as expected, given that the company doesn't yet have any meaningful revenue: On an operating basis, it lost $30.2 million in the quarter.
Source Fool.com
