10 Stocks Beating Wall Street’s Bets

7. QuantumScape Corp. (NYSE:QS)

QuantumScape extended gains for a second day on Friday, jumping 14.73 percent to finish at $16.82 apiece as investors continued to load up portfolios amid impressive earnings performance in the third quarter of the year.

Last Wednesday, QuantumScape Corp. (NYSE:QS) said it narrowed its net loss by 11.5 percent to $105.8 million from $119.6 million in the same period last year, while loss from operations dwindled by 11.6 percent to $114.99 million from $130.16 million year-on-year.

In the same quarter, the company successfully shipped its most advanced QS cells to date—the Cobra-based QSE-5 B1—following the launch of the product through the Volkswagen Group’s Ducati V21L motorcycle.

In line with its expansion program, QuantumScape Corp. (NYSE:QS) is underway with the installation of a highly automated cell production pilot line, the Eagle Line, at its headquarters in San Jose, California.

“We are working together with our partners to bring our groundbreaking solid-state lithium-metal battery technology to market as quickly as possible. This announcement is another critical step toward achieving our goal of revolutionizing energy storage,” QuantumScape Corp. (NYSE:QS) COO Luca Fasoli said.