QuantumScape (QS) Gains Ground After Losses, up 10% Ahead of Q2 Earnings

We recently published 10 Stocks with Surprising Gains. QuantumScape Corporation is one of Tuesday’s top performers.

QuantumScape bounced back from losses on Tuesday, jumping 10.22 percent to close at $13.80 apiece as investors reloaded positions ahead of its earnings performance tomorrow, July 23.

QuantumScape Corporation has experienced a notable rally over the past few weeks, stretching its win to a nine-day rally between July 8 and 18, before profit-taking persisted to end Monday’s session lower.

Investor confidence was primarily driven by QuantumScape Corporation’s announcement of a new milestone last month that would become key to ramped-up production capabilities.

Called the Cobra separator, the new process is designed to enable faster, more energy-efficient production with a smaller equipment footprint compared to earlier processes.

A line of electric vehicles parked in front of a research & development building in San Jose, California.

As compared with the prior generation Raptor process, QuantumScape Corporation said Cobra offers a ~25x improvement in heat treatment speed and occupies a fraction of the physical space per film start—both of which are key advantages in the design of a scalable gigafactory production line.