Is QuantumScape a buy Zacks?

Is QuantumScape a buy Zacks?

How good is it? See rankings and related performance below. The VGM Score are a complementary set of indicators to use alongside the Zacks Rank.

Momentum Scorecard. More Info.

Zacks Rank Definition Annualized Return
1 Strong Buy 24.93%
2 Buy 18.44%
3 Hold 9.99%
4 Sell 5.61%

Similarly, Who is behind QuantumScape?

QuantumScape is backed by Volkswagen ( VWAGY -2.41% ), which has invested $300 million in the company so far. The two companies have formed a joint venture for a commercial production capacity of 21 gigawatt-hours per year. Volkswagen also continues to validate QuantumScape’s progress in cell development.

Did Bill Gates invest in QuantumScape? QantumScape was founded in 2010 by Singh and backed early by Microsoft founder Bill Gates and auto giant Volkswagen. Both continue to be investors in QuantumScape.

Thereof, Does QuantumScape have a future?

QuantumScape expects to produce cells for car testing next year and could enter full-scale commercialization by 2024. QS stock has had a rough 12 months, shedding over 61% of its value. The stock seems significantly less frothy than in the past and is far more attractive considering the risks involved.

Is QS a good long term investment?

Again, QS stock remains a long-term play. The market realizes that it faces competition between now and commercialization. It looks like a strong choice for investors keen on capitalizing on the niche. But another strategy could be to buy several competitors in the space and reduce holdings as time moves on.

Is QuantumScape overvalued?

QuantumScape Stock Remains Overvalued Despite Morgan Stanley Downgrade. QuantumScape (NYSE:QS) has the potential to lead the electric vehicle (EV) revolution due to its solid-state battery technology. That potential has fueled a 87% gain in the QS stock price over the last 12 months.

Who are the biggest investors in QuantumScape?

Top 10 Owners of Quantumscape Corp

Stockholder Stake Shares owned
The Vanguard Group, Inc. 5.12% 17,107,861
BlackRock Fund Advisors 2.47% 8,249,534
Global X Management Co. LLC 1.36% 4,533,968
SSgA Funds Management, Inc. 0.90% 3,007,611

How much of QuantumScape does Volkswagen own?

Volkswagen and QuantumScape have been working together since 2012; prior to a 100-million dollar investment in 2018, VW already held five per cent of QuantumScape.

Who are the major investors in QuantumScape?

Top 10 Owners of Quantumscape Corp

Stockholder Stake Total value ($)
The Vanguard Group, Inc. 5.12% 341,986,141
BlackRock Fund Advisors 2.47% 164,908,185
Global X Management Co. LLC 1.36% 90,634,020
SSgA Funds Management, Inc. 0.90% 60,122,144

Who invested in QuantumScape?

QuantumScape is backed by Volkswagen, which has also invested $200 million in the battery company so far. In 2021, QuantumScape collaborated with another automaker who is among the top ten by revenue globally.

How far is QuantumScape from production?

It is no longer the controversial special purpose acquisition company (SPAC) electric vehicle battery firm making headlines for all the wrong reasons. The firm seems to have passed that stage. However, they remain years away from commercial production, which is slated for a 2024 – 2025 time frame.

What type of stock is QS?

QuantumScape Corporation Class A Common Stock (QS)

Who is invested in QS?

Top 10 Owners of Quantumscape Corp

Stockholder Stake Total value ($)
The Vanguard Group, Inc. 5.14% 276,120,877
BlackRock Fund Advisors 2.48% 133,147,479
SSgA Funds Management, Inc. 0.90% 48,542,842
Stanford Management Co. 0.86% 46,398,336

Where is QuantumScape?

San Jose, California, U.S. QuantumScape is an American company that does research about solid state lithium metal batteries for electric cars. The company is headquartered in San Jose, California and employs around 400 people.

Is fluence energy a good stock to buy?

Fluence Energy has received a consensus rating of Buy. The company’s average rating score is 2.65, and is based on 12 buy ratings, 4 hold ratings, and 1 sell rating.

Is QuantumScape generating revenue?

Quantumscape (NYSE:QS) is down 29% year-t0-date and off more than 61% from its peak on Nov. 15. The company’s latest earnings report shows no revenue, as expected, and continuing losses. However, capex was as expected.

Who invested in QS stock?

QuantumScape is not owned by hedge funds. Porsche Automobil Holding SE is currently the largest shareholder, with 20% of shares outstanding. Khosla Ventures, LLC is the second largest shareholder owning 8.4% of common stock, and Capricorn Investment Group LLC holds about 4.6% of the company stock.

Who is in the vanguard group?

Vanguard offers two classes of most of its funds: investor shares and admiral shares.

The Vanguard Group.

Type Private
Key people Mortimer J. Buckley (Chairman & CEO)
Products Mutual funds Exchange-traded funds Broker Asset management Sub-advisory services
Revenue $6.936 billion (2020)
AUM $8.1 trillion (2022)

Can I buy QuantumScape stock?

Invest in QuantumScape on Stash

Stash allows you to purchase smaller pieces of investments, called fractional shares, rather than having to pay the full price for a whole share. , you can buy QuantumScape stock in any dollar amount, or any other fund or stock you know on Stash.

Who does QuantumScape supply batteries to?

It already had a joint venture with Volkswagen Group to supply batteries for the German automaker’s electric vehicles beginning in 2024. VW is one of QuantumScape’s major investors, buying a 5% stake in the company in 2014 and following that by investing hundreds of millions of additional dollars in later years.

How did QuantumScape go public?

It has been widely reported that QuantumScape last raised $200 million in June 2020 at a post-money valuation of $2.3 billion. QuantumScape became a publicly listed company on November 22, 2020 after completing a business combination with Kensington Capital Acquisition, a publicly traded SPAC.

Join TheMoney.co community and don’t forget to share this post !

Zeen is a next generation WordPress theme. It’s powerful, beautifully designed and comes with everything you need to engage your visitors and increase conversions.