|Bid||0.00 x 1200|
|Ask||0.00 x 900|
|Day's range||29.83 - 32.52|
|52-week range||9.74 - 132.73|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||57.50|
QuantumScape Corporation (QS) closed the most recent trading day at $30.98, moving -5.78% from the previous trading session.
Battery start-up QuantumScape (NYSE: QS) was one of the more successful electric vehicle-related companies that went public via a special purpose acquisition company (SPAC) in 2020, with its stock quickly jumping more than 400%. In April QuantumScape was hit by the other trend impacting auto SPACs, a critical short report, and the stock fell 18.3% for the month as a result, according to data provided by S&P Global Market Intelligence. QuantumScape is developing a solid-state battery that would be a huge improvement over the lithium-ion batteries currently used to power electric vehicles, but its tech is still years away from commercialization.
Ford Motor Company (NYSE: F) said that it's increasing its ownership stake in Solid Power, a Colorado-based maker of solid-state batteries for electric vehicles (EVs) that has positioned itself as a key rival to QuantumScape (NYSE: QS). Ford, which first invested in Solid Power in 2019, said that it will invest an unspecified sum in the battery maker's current $130 million Series B funding round. Once the round is complete, Ford and rival automaker BMW (OTC: BMWYY) (OTC: BAMXF), which is also investing in the Series B round, will own equal stakes in Solid Power.