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Stock impact report

Here's Why QuantumScape Stock Is a Buy Before April 23 [Yahoo! Finance]

QuantumScape Corporation Class A (QS) 
Company Research Source: Yahoo! Finance
The solid state battery maker's stock opened at $24.80 and surged to a record high of $131.67 less than a month later. At the time, it claimed it could commercialize its first batteries by 2024, and that its revenue would reach $14 million in 2024, $39 million in 2025, and $275 million in 2026. But like many other SPAC-backed start-ups, QuantumScape missed its lofty goals by a mile. It still hasn't commercialized any of its batteries yet, and it doesn't expect to achieve that goal until 2026. As a result, it isn't generating any revenue as it racks up steep losses. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » That's why QuantumScape's stock now trades at less than $4. But with a market cap of $2.1 billion, a lot of growth is still baked into its valuation. It's also increased its number of outstanding shares by 57% since its public debut with its stock-based compensation and secondary offer Show less Read more
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