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Stock impact report

Why Did QuantumScape Stock Soar Today? [Yahoo! Finance]

QuantumScape Corporation Class A (QS) 
Company Research Source: Yahoo! Finance
QuantumScape is transitioning to begin updating investors on customer billings. 10 stocks we like better than QuantumScape › QuantumScape (NYSE: QS) wants to revolutionize electric vehicle (EV) battery technology. The company is developing next-generation solid-state lithium-metal battery technology that it hopes will become the EV standard in the coming years. The company just released its third-quarter update, and two important things stood out. That led investors to jump into the stock today. QuantumScape shares soared 14% higher at the peak, and still retained a gain of 10.2% as of 1:52 p.m. ET. Image source: Getty Images. A transition is underway at QuantumScape The highlights in QuantumScape's financial update included the prediction that its cash position will now last until 2030. That's a full year extension compared to prior guidance. A "capital-light licensing focus" has helped it achieve that improvement. In another sign of progress toward commercialization, Show less Read more
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