QuantumScape (NYSE:QS) shares

2022-11-10

QuantumScape (NYSE:QS) shares marked a double-digit percentage decline on Wednesday as Morgan Stanley Adam Jonas shifted his rating to a Sell-equivalent.

“We believe 3Q results were narrative changing,” he advised clients on Wednesday. “While solid-state batteries may still represent thefuture of energy storage, the path to getting there is proving to be more difficult and longer-dated than we and the market had expected.”

Given the uncertainty of the timeline to scale and gain acceptance among OEMs, as well as the more difficult funding environment confronting the company, Jonas took his rating to “Underweight” from “Equal-Weight”. Additionally, he slashed his price target from $12 to just $4, a new Street low.

Shares of the San Jose-based solid state lithium metal battery startup fell 15% on Wednesday. The decline on the day extends about an 81% drop for the name in the past year.

source：Seeking Alpha

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Comments

leilei369
2022-11-10
leilei369
thanks for sharing
An Long
2022-11-10
An Long
[smile] [smile]
Victor Ang
2022-11-10
Victor Ang
Thanks for sharing
可爱的独行虎
2022-11-10
可爱的独行虎
Thanks for sharing
PrimRose
2022-11-14
PrimRose
Ya
shaun_flyfly
2022-11-12
shaun_flyfly
Yup

Leave a comment

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