Why QuantumScape Soared Almost 30% Today
Shares of solid-state battery technology company QuantumScape (NYSE: QS) were 28% higher than Monday's close, as of 12:15 p.m. EST. That brings the two-day combined gain for the stock to about 60%.
Investors have been excited about the company's battery technology since QuantumScape merged with a special purpose acquisition company (SPAC) in late November. Shares have rocketed over 400%, and have more than doubled just since the company released performance data on its technology on Dec. 8.
But rumors of Apple (NASDAQ: AAPL) producing its own electric vehicle (EV) may be driving the most recent gains.
Source Fool.com
