Should You Buy QuantumScape While It's Below $9?
It has been a tough backdrop for electric vehicles and related stocks. One stock that has had an up-and-down year is battery manufacturer QuantumScape (NASDAQ: QS). The company had a pretty solid year last year, making strides in its battery technology.
The stock reached $19 per share last October, but today it is 63% below its 52-week high. With shares trading under $9 a share, is QuantumScape stock a buy? Let's dive into the business and its progress to find out.
Last year was a productive one for QuantumScape, as the company made significant progress with its battery technology. One of its top achievements was the integration of what it calls the Cobra separator process into baseline cell production in the second quarter. This manufacturing process achieved a 25x improvement in heat-treatment speed (compared to its previous Raptor process) and requires significantly less floor space, bringing it one step closer to mass-producing its batteries.
Source Fool.com
