10 Stocks Stealing The Spotlight Today

4. QuantumScape Corp. (NYSE:QS)

QuantumScape ended two days of losses on Wednesday, surging 18.43 percent to close at $14.59 apiece as investors repositioned portfolios after striking a partnership agreement with Corning Inc. for the development of ceramic separator manufacturing capabilities for solid-state batteries.

In a statement, QuantumScape Corp. (NYSE:QS) said the two firms would jointly develop the project in a bid to ramp up the production of its ceramic separators for commercial applications.

“Combining QS and Corning’s strengths in materials science and manufacturing, this agreement marks an important step in building an ecosystem of partners to rapidly industrialize QS’s next-generation battery technology,” QuantumScape Corp. (NYSE:QS) said.

Meanwhile, QuantumScape Corp. (NYSE:QS) is likewise benefitting from optimism for the overall lithium industry following the US government’s acquisition of a 10-percent stake in Lithium Americas. The move was aimed at reducing the country’s dependence on lithium imports, sparking confidence that the Trump administration could be in the works for policies to prop up domestic manufacturing.