QuantumScape (QS) Rockets 34% on Game-Changing Battery Tech Breakthrough

Solid-state just got real—and Wall Street's throwing confetti. QuantumScape's production leap sent its stock screaming past skeptics like a lithium-ion dragster.

The holy grail, unlocked?

QS claims they've cracked scalable quantum glass battery production—the same tech that had short sellers circling for years. Suddenly, 500-mile EV ranges don't sound so sci-fi.

Street analysts are scrambling. Morgan Stanley upgraded QS to 'overweight' within hours, while Tesla bulls quietly sweated over their 4680 battery bets. Nothing moves markets faster than FOMO on the next energy revolution.

Of course, battery startups have a habit of flaming out faster than a cheap vape pen. Remember Nikola's 'gravity-powered' truck? Exactly. But for now, QuantumScape's riding the lightning—34% worth, to be precise.

Confident Investing Starts Here:

• Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
• Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter

Interestingly, the Cobra process significantly improves production efficiency by treating battery cell components 25 times faster than previous methods while using much less equipment. This allows QuantumScape to scale production more easily, even to gigafactory levels. The company states that the new process could help deliver longer battery life, faster charging times, and lower costs, all of which are crucial for commercializing solid-state batteries. CEO Siva Sivaram called Cobra “a powerful path forward” for making its advanced battery tech more widely available.

It is worth mentioning that solid-state batteries are often called the “holy grail” for EVs because they offer more energy in a smaller, lighter FORM and can charge faster than traditional lithium-ion batteries. QuantumScape’s long-time backer, Volkswagen (VWAGY), which holds a 24% stake in the company, is especially interested in using the new tech in its electric vehicles. In fact, Volkswagen signed a deal last year to license QuantumScape’s production technology. QuantumScape also revealed that it has signed agreements to supply battery samples to several other major and luxury car manufacturers.

Is QS Stock a Good Buy?

Turning to Wall Street, analysts have a Hold consensus rating on QS stock based on one Buy, four Holds, and two Sells assigned in the past three months, as indicated by the graphic below. Furthermore, the average QS price target of $4.90 per share implies 16.1% downside risk.