Should You Buy QuantumScape Stock Right Now?
QuantumScape (NYSE: QS) stock doesn't look like much of a bargain at first glance. After all, it's zoomed nearly 140% in price this year. That's over 10 times the percentage rate increase of the benchmark S&P 500 index. Yikes!
But there are very good reasons for the rally, and I think QuantumScape remains a buy thanks to a future that could be -- pardon the expression -- very electric. Read on for more.
For the uninitiated, QuantumScape is a next-generation battery developer focused on the electric vehicle (EV) market. It specializes in solid state power packs, which have numerous advantages over the models currently packed into most EVs. Its batteries charge quickly, for one (in under 15 minutes, per the company's literature), and are relatively safer and longer-lasting.
Source Fool.com
