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0.000687922952629265 -0.00331162909754103 0.00188778856768043 0.000287967747612307 -0.00451149471259219 -0.01291055401795 -0.0213096133233077 -0.0165101508631034
Stock impact report

HSBC downgrades QuantumScape flagging visibility on contract economics [Yahoo! Finance]

QuantumScape Corporation Class A (QS) 
Company Research Source: Yahoo! Finance
of the limited disclosure around its commercial agreements and uncertainty over how its technology will be monetized. QuantumScape has delivered several milestones this year, including launching production of its Cobra separator, expanding its agreement with PowerCo to up to 85 GWh a year, securing a $131 million upfront payment, and beginning shipments of its QSE 5 B1 samples. It also signed development deals with Murata and Corning. HSBC said these achievements strengthen confidence in the company's progress. But the analysts said the stock's 145% jump this year reflects expectations that go well beyond what can be supported by available information. HSBC said its own forecasts assume 180 GWh of licensed volumes and a 15% royalty rate, but the stock's value implies the market is betting on as much as 10 to 30% higher volumes and royalty rates of 12.5 to 20% by 2035, which it said is not realistic given current visibility. HSBC said QuantumScape's limited disclosure on lice Show less Read more
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