QuantumScape (QS)’s Been a Tough Own, Says Jim Cramer

We recently published 10 Stocks Jim Cramer Talked About.  QuantumScape Corporation (NYSE:QS) is one of the stocks Jim Cramer talked about.

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. . .”

While we acknowledge the risk and potential of QS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than QS and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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