Why QuantumScape Stock Rose Then Fell Thursday

Motley Fool 2021-02-26

The CEO of the solid-state EV battery maker that has garnered much investor interest gave an interview today. What happened The stock of aspiring solid-state battery technology company QuantumScape (...

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Comments

jangxz
2021-03-01
jangxz
I never trust Motley Fools ?
RickyMTH
2021-03-01
RickyMTH
Ok
Rep
2021-03-01
Rep
o0
Sinktel
2021-03-01
Sinktel
O-kie
- BenWong888:
  Why
- 新運股:
  hua t
KOKOWA
2021-03-01
KOKOWA
RMO > QS
Xkuanx
2021-03-01
Xkuanx
Risky one
- Xkuanx:
  No Risk no Gain

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Movement in the stock today mirrored that pattern. After an early 10% jump, shares closed more than 3% lower on Thursday.\nSo what\nShares of the company are down more than 30% year to date after a triple-digit spike in late 2020. The company tends to trade with the electric-vehicle (EV) sector as a speculative stock hoping to revolutionize EV battery technology.\nToday, QuantumScape CEO Jagdeep Singh gave an interview to Yahoo! Finance, which may have contributed to the stock's volatile trading.\nNow what\nDuring today's interview, Singh reiterated some positive developments the company shared with investors last week in its earnings release. The company is working toward commercializing the solid-state battery technology that could provide EV makers with a safer, faster-charging battery that can also deliver longer ranges.\nThe company reported it has successfully built its first multilayer battery cell with four layers. This helps confirm the technology is feasible. 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