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why is qs stock down today

by Lenora Champlin Published 3 years ago Updated 2 years ago
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QS stock is down almost 10% this morning after Morgan Stanley downgraded the company to “equal weight” from its previous “overweight” rating. This comes after QuantumScape reported achieving all of their 2021 goals ahead of schedule, citing promising technology development.Nov 16, 2021

Will QS stock rise or fall after the shareholder suit?

Deutsche Bank analyst Emmanuel Rosner launched coverage of QuantumScape (ticker: QS) with a Hold rating and $20 price target, which is above the stock’s market price. https://www.barrons.com ...

How can I get the latest news about QS?

Find the latest QuantumScape Corporation (QS) stock quote, history, news and other vital information to help you with your stock trading and investing.

What does QS stock look like on the weekly chart?

Apr 13, 2022 · QS stock has had a rough 12 months, shedding over 61% of its value. The stock seems significantly less frothy than in the past and is …

Is QS stock a sector breakout to watch in 2021?

Apr 13, 2022 · We track news headlines from hundreds of news outlets and tag them by company. This chart compares the number of articles about this company in the last seven days compared with the average number of articles about this company on a typical week. QS Articles. This Week.

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Why is QuantumScape stock down?

QuantumScape (NYSE: QS), a startup developing solid-state lithium batteries for electric vehicles, has seen its stock price decline by close to 25% over the last week, trading at levels of around $44 on Friday. The sell-off was driven by news that the company will raise additional capital via a stock sale.Feb 1, 2022

Is QS a buy now?

Right now, given the company's red ink and declining share price, investors should wait on Quantumscape. The company needs to time to grow, mature and prove that it is on track with its solid-state batteries. Right now, QS stock is not a buy.Mar 21, 2022

What is the latest news on QuantumScape?

QuantumScape Achieves Final 2021 Goal Ahead of Schedule SAN JOSE, Calif., November 16, 2021--QuantumScape Corporation (NYSE: QS) today released 10-layer battery cell testing data showing 800 cycles at better than one-hour charge rates at 25 °C, achieving the goal it had laid out for 2021.

Will QuantumScape stock recover?

As the company progresses further on its plans, its stock price should recover. The stock is trading 72% below its high price this year, offering an attractive entry point for long-term investors. Notably, QuantumScape stock entails significant risks and is suitable only for investors with a high appetite for risk.Dec 14, 2021

Is QuantumScape a buy Zacks?

How good is it? See rankings and related performance below. The VGM Score are a complementary set of indicators to use alongside the Zacks Rank....Momentum Scorecard. More Info.Zacks RankDefinitionAnnualized Return1Strong Buy24.93%2Buy18.44%3Hold9.99%4Sell5.61%2 more rows

Is QuantumScape a Buy Sell or Hold?

QuantumScape has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 5 hold ratings, and no sell ratings.

Why is QS stock up?

Why QuantumScape Stock Shot Up This Week QuantumScape rocketed the afternoon of March 28 when an article from German business monthly, Manager Magazin, reported Porsche to be working with QuantumScape for solid-state batteries to power an electric version of its 911 sports car.

Who uses QuantumScape batteries?

QuantumScape is an American company that does research about solid state lithium metal batteries for electric cars. The company is headquartered in San Jose, California and employs around 400 people....Automotive Brands.AcuraAlfa RomeoAstonRamRivianSmartSubaruTeslaToyotaVolkswagenVolvo9 more rows•Dec 13, 2021

Is QuantumScape battery real?

Quantumscape has shared new data showcasing further development of its solid-state batteries, whose cells have completed 400 consecutive 15-minute fast-charge cycles, replenishing from 10% to 80% capacity while still retaining over 80% of the initial energy.Feb 2, 2022

Is QS a good long term investment?

Again, QS stock remains a long-term play. The market realizes that it faces competition between now and commercialization. It looks like a strong choice for investors keen on capitalizing on the niche. But another strategy could be to buy several competitors in the space and reduce holdings as time moves on.Jan 20, 2022

Did Bill Gates invest in QuantumScape?

QantumScape was founded in 2010 by Singh and backed early by Microsoft founder Bill Gates and auto giant Volkswagen. Both continue to be investors in QuantumScape.Aug 2, 2021

Who owns QuantumScape?

QuantumScapeTypePublic companyFoundersJagdeep Singh Tim Holme Fritz PrinzHeadquartersSan Jose, California, U.S.Key peopleJagdeep Singh (CEO)Number of employees400 (2021)6 more rows

When will Quantumscape release its results?

What company owns Solid Power?

QuantumScape Corporation (NYSE: QS, or "QuantumScape"), a leader in the development of next generation solid-state lithium-metal batteries for use in electric vehicles (EVs), announced that it will release its first quarter 2021 financial results after market close on Tuesday, May 11, 2021. This will be followed by a conference call at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). Participating on the call will be Jagdeep Singh, Co-founder and Chief Executive Officer, and Kevin Hettrich, Chief Financial Officer, of QuantumScape.

QuantumScape Media Sentiment

Ford Motor Company (NYSE: F) said that it's increasing its ownership stake in Solid Power, a Colorado-based maker of solid-state batteries for electric vehicles (EVs) that has positioned itself as a key rival to QuantumScape (NYSE: QS). Ford, which first invested in Solid Power in 2019, said that it will invest an unspecified sum in the battery maker's current $130 million Series B funding round. Once the round is complete, Ford and rival automaker BMW (OTC: BMWYY) (OTC: BAMXF), which is also investing in the Series B round, will own equal stakes in Solid Power.

Media Coverage

Each headline receives a score ranging from 2 (good news) to -2 (bad news). Our company news sentiment scores track the average news sentiment of articles about each company over the most recent 7 days in order to identify companies that are receiving positive press.

QuantumScape (NYSE QS) News Headlines Today

We track news headlines from hundreds of news outlets and tag them by company. This chart compares the number of articles about this company in the last seven days compared with the average number of articles about this company on a typical week.

The company is raising capital, and it's moving the share price

Sentiment refers to the positivity or negativity of each headline according to our language processing algorithm.

What happened

Howard grew up in Philadelphia watching the Philly sports teams struggle for championships. He has been investing since 1989 and been a Fool since 2001. Prior to joining The Fool as a contract writer in 2019, Howard worked in the steel business as an engineer for 28 years.

So what

For the second day in a row, shares of solid-state battery technology company QuantumScape ( NYSE:QS) dropped by double digits. As of 1:45 p.m. EDT Wednesday, QuantumScape shares were down 12.4% on the day, after a 10.6% decline Tuesday.

Now what

The drop comes as many stocks in the electric vehicle sector have been on the decline, as the overall market shifts to more industrial and value-oriented names. But QuantumScape shares began the recent dip after the company announced it intends to raise more capital through a public offering of common stock.

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