Reported 2 months ago
QuantumScape's stock experienced a notable surge, rising nearly 6%, after HSBC upgraded its recommendation from sell to hold and increased its price target by 13% to $5.30. The upgrade reflects progress in the company's solid-state battery technology and a significant partnership agreement with Volkswagen's battery division, PowerCo, which could enhance their production capabilities. While the investment remains high-risk, successful development of the new technology could revolutionize EV batteries.
Source: YAHOO