Why QuantumScape Stock Charged Higher Today
QuantumScape (NYSE: QS) and today announced a new deal that has the electric vehicle (EV) battery start-up's stock soaring.
The news pushed QuantumScape shares higher by as much as 34% Thursday morning. As of 11:05 a.m. ET, the stock was still trading up by 29.2%.
The two companies aren't strangers. Volkswagen was an early investor in QuantumScape hoping that it can successfully commercialize the solid-state battery technology it is developing. QuantumScape's battery technology could address range anxiety and reinvigorate interest in EVs after a slowdown in sales growth.
Source Fool.com
Volkswagen AG VZO Stock
€92.90
0.190%
With 7 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
As a result the target price of 110 € shows a slightly positive potential of 18.41% compared to the current price of 92.9 € for Volkswagen AG VZO.
