Better Energy Stock: QuantumScape vs. NuScale Power
QuantumScape (NYSE: QS) and NuScale Power (NYSE: SMR) are both trying to disrupt older energy industries with their newer technologies. QuantumScape is developing solid-state batteries that could replace lithium-ion batteries, and NuScale is developing small modular reactors (SMRs) that could revolutionize nuclear power.
Both companies went public by merging with special purpose acquisition companies (SPACs). QuantumScape's stock opened at $24.80 in November 2020, soared to a record high of $131.67 a month later, but now trades at about $5 a share. NuScale's stock opened at $10.70 in May 2022, sank as low as $2 in November 2023, but now trades at around $21. Let's see why investors abandoned QuantumScape while embracing NuScale -- and if the latter remains a better buy.
Image source: Getty Images.
Source Fool.com
