Why QuantumScape Stock Charged Higher Today
QuantumScape (NYSE: QS) and today announced a new deal that has the electric vehicle (EV) battery start-up's stock soaring.
The news pushed QuantumScape shares higher by as much as 34% Thursday morning. As of 11:05 a.m. ET, the stock was still trading up by 29.2%.
The two companies aren't strangers. Volkswagen was an early investor in QuantumScape hoping that it can successfully commercialize the solid-state battery technology it is developing. QuantumScape's battery technology could address range anxiety and reinvigorate interest in EVs after a slowdown in sales growth.
Source Fool.com
Volkswagen AG VZO Stock
€106.90
-0.050%
We see a rather positive sentiment for Volkswagen AG VZO with 7 Buy predictions and 2 Sell predictions.
On the other hand, the target price of 104 € is below the current price of 106.9 € for Volkswagen AG VZO, so the potential is actually -2.71%.
