QuantumScape (QS) Skyrockets 16.7% Ahead of Earnings Results

QuantumScape Corporation (NYSE:QS) is one of These 10 Stocks Are Making Big Moves.

QuantumScape jumped by 16.69 percent on Tuesday to end at $8.18 apiece as investors repositioned portfolios ahead of the expected release of its second-quarter earnings later this month.

Based on its historical earnings reporting dates, QuantumScape Corporation (NYSE:QS) will report its financial and operating results in the third or fourth week of July.

Investors will be closely watching out for the company’s earnings and production outlook for the short-term period, given the recent achievement of a milestone through the integration of the advanced Cobra separator process into baseline cell production.

According to QuantumScape Corporation (NYSE:QS), Cobra forms the foundation of its high-throughput, continuous-flow separator production platform. It was designed to enable faster, more energy-efficient production with a smaller equipment footprint compared to earlier processes, and represents a step-change improvement in ceramic separator manufacturing.

QuantumScape (QS) Skyrockets 16.7% Ahead of Earnings Results

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

“Compared to the prior-generation Raptor process, Cobra offers a ~25x improvement in heat treatment speed and occupies a fraction of the physical space per film start—key advantages in the design of a scalable gigafactory production line,” QuantumScape Corporation (NYSE:QS) said.

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Disclosure: None. This article is originally published at Insider Monkey.