QuantumScape Stock: Buy, Sell, or Hold?
QuantumScape (NYSE: QS), a developer of solid-state lithium-metal batteries, went public by merging with a special purpose acquisition company (SPAC) on Nov. 27, 2020. Its stock started trading at $24.80 on the first day and soared to a record high of $131.67 less than a month later. But as of this writing, it trades at about $5.
QuantumScape initially impressed investors with the disruptive potential of its solid-state batteries, which are less volatile, more heat resistant, and charge more quickly than traditional lithium-ion batteries. But that enthusiasm quickly waned as the company repeatedly delayed the commercialization of its first batteries.
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Source Fool.com
