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QuantumScape Pulls Back After July Surge: Is It Ready to Rebound? 
After 13 years, QuantumScape Co. (NYSE: QS) is getting closer to the launch of its first commercial solid-state lithium-metal (SSLM) battery. Its announcement of the extended production agreement with Volkswagen AG (OTCMKTS: VWAGY) subsidiary PowerCo sent shares rocketing over 40% up to $9.52 on July 17, 2024. Shares have since pulled back down to complete the gap-fill at $5.45, and it's getting ready to bounce again. The company is targeting 2025 to begin high-volume production of its solid-state electrolyte separator. The launch of its first commercial product, QSE-5, will follow after. QuantumScape operates in the auto/tires/trucks sector, competing with EV battery technology companies, including NIO Inc. (NYSE: NIO), Enovix Co. (NASDAQ: ENVX), and Tesla Inc. (NASDAQ: TSLA). Did you know there's a way to flip options and target big potential paydays?
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And Apollo does just that. Click Here to Experience the Future of Trading. QuantumScape: Preparing For the Launch In March 2024, QuantumScape started shipping 6-layer Alpha-2 prototype battery cells, which feature the primary function of QSE-5, enabling key customers to test performance parameters. The 6-layer cells are actually denser than the earlier 24-layer. They are being tested in customer labs and awaiting feedback. Customers include automotive and consumer electronics manufacturers. The next step is the actual QSE-5s, which can push the boundaries of solid-state performance. The low-volume prototype production of QSE-5 B0 is expected in 2024, and it will be heading into the 2025 production of its solid-state electrolyte-separator using the Cobra equipment and process. Commercial launch of the 24-layer QSE-5 is expected shortly after that. 
QS Stock Completes the Gap Fill and Starts to Rise Again The daily candlestick chart for QS illustrates the initial falling wedge breakout on the PowerCo news that triggered a gap from $5.45 to $6.57, accelerating to a peak of $9.52. When the smoke cleared, QS fell all the way back to where it started at the $5.45 gap-fill level. Backfilling, it's like pouring cement into a hole in the sidewalk. It solidifies the gap. Shares have started to climb again, filling the gap. The daily relative strength index (RSI) is slowly rising again to the 50-band. Pullback support levels are at $5.45 gap fill, $4.99, $4.67, and $4.15. Pre-Revenue Stage Nothing Burger, Yet On July 24, 2024, Quantumscape reported a Q2 2024 EPS loss of 25 cents, missing consensus estimates by 2 cents. Revenues were zero since the company is still in its pre-revenue stage, as it has been for the past 13 years. The company maintains its full-year 2024 guidance of adjusted EBITDA loss between $250 million to $300 million. It expects to be on the lower end of its capital expenditure guidance range of $70 million to $120 million. Shares fell 7% on the release. The Benefits of QuantumScape's SSLM Batteries Since SSLM batteries have no flammable liquid components like the current lithium-ion batteries, they are much safer products. The batteries have a longer useful lifetime due to eliminating capacity loss at the anode interface. The 15-minute full fast charge is also superior to existing EV batteries, which can take hours to charge fully. SSLM batteries can charge 80% in 10 minutes. QuantumScape CEO Siva Sivaram commented regarding the safety of its cells, “One noteworthy result from prototype cell testing was demonstrating thermal stability up to 300 degrees centigrade. For reference, we tested conventional high-energy lithium-ion cells, which burst into flame between 174 and 185 degrees C.” Sivaram concluded, “In our discussions with our customers, safety is a different maker. A cell that can offer fundamentally safer chemistry not only adds value to existing applications like automotive and consumer electronics but also potentially opens up new markets that current technology is unable to serve effectively.” QuantumScape analyst ratings and price targets are at MarketBeat. There are seven Wall Street analyst ratings on QS stock: one Buy, four Holds, and two Sells. QS has an 11.5% short interest. Written by Jea Yu Read this article online › Featured Stories: | 
