10 Stocks Jim Cramer Talked About

3. QuantumScape Corporation (NYSE:QS)

Number of Hedge Fund Holdings: 28

QuantumScape Corporation (NYSE:QS) is a battery technology company focusing on solid-state batteries. Its shares are up by 30% over the past year but are down by 34% year-to-date. The firm released its fiscal fourth quarter earnings report in February and disclosed that its loss per share for the quarter stood at $0.17 while for the full year it was $0.76. QuantumScape Corporation (NYSE:QS) added that by focusing on cost discipline, it had managed to reduce its fourth quarter net loss to $100.4 million from the year-ago figure of $114.7 million. For the full year, the firm’s net loss improved by 9% to $435 million. As for its guidance, QuantumScape Corporation (NYSE:QS) now expects to bring in $250 million to $275 million for flat growth and spend $40 million to $60 million in capital expenditure to mark a growth over last year’s $36.3 million. Cramer discussed QuantumScape Corporation (NYSE:QS)’s share price movement:

“I have been around for a while, I know that it’s never been clear that their technology works. It’s been a very tough own. But a lot of people, at one point, were focused on battery technology. Solid state, whatever. . .”