The SPAC stock immediately shot up above $18 ($18.25) and so the warrants listed on the NYSE (KCAC.WS) are now in-the-money (i.e., the stock … report. QuantumScape plans to sell its batteries in 100 KWh packs, for about $7,000 per pack, and at about 30% gross margins. QS stock is worth just $40.15, or 33% below current levels. This is especially true in the electric vehicle (EV) space. Huge Upside for QuantumScape Stock If management does execute on that ambitious goal, the potential upside for QuantumScape stock is enormous. It's only a matter of time before additional analysts come out with comparable or less generous price targets. hide. However, I now believe that QuantumScape stock is close to being The stock price of QuantumScape Corporation (NYSE: QS) has surged 57.45% in its public debut day as it went from $23.50 at the opening price to a closing of … That compares to just $13.6 billion raised across 59 deals in 2019. Sign up for free newsletters and get more CNBC delivered to … S3 Partners analyst Ihor Dusaniwsky just released... QuantumScape CEO Jagdeep Singh discussed the company's efforts to develop a solid-state battery for electric vehicles and its work with German automaker Volkswagen. The post QuantumScape Is a Terrible Buy at Its Current Price appeared first on ... QS stock rallied again on Thursday as more investors tune in to solid-state battery advancements from QuantumScape. QuantumScape lands in that basket. They also should last about 12 years in an electric veh... QS stock is climbing higher Tuesday after QuantumScape unveiled solid-state battery advancements. The post Revolutionize Your EV-Niche Portfolio with ... As the merger with QuantumScape comes to fruition, KCAC stock is fired up once again. Click Here for the Live Stream. Fast Charge . Read more: Emmet Peppers grew his accounts from $30,000 in 2010 to over $70 million this year. Returns as of 12/19/2020. QuantumScape, a developer of what are known as solid-state batteries, has entered into a definitive agreement to merge with blank check company … Tesla stock rose as … Join Stock … The firm produces solid-state batteries used in electric cars and has backing from industry giant Volkswagen. Sort by. Kensington Capital stock has a path to explosive upside if its technology truly is a massive advancement. Bill Gates-sponsored battery producer QuantumScape to join 'blank-check' IPO frenzy. The newly minted hedge fund manager breaks down how he spotted early opportunities in Tesla, Facebook, and the COVID-19 market crash - and shared one IPO on his radar. Lithium metal battery maker QuantumScape Corp (NYSE: QS) has gained nearly 220% since going public via an SPAC merger on Nov. 27. Cramer also recommended Canoo Holdings Ltd, ... Price Action: On Thursday, QuantumScape shares closed 1.96% higher at … QuantumScape says its electric vehicle batteries should allow drivers to charge their cars to 80% of their full capacity within fifteen minutes. Yahoo Finance’s Ines Ferre reports on the latest news on Quantumscape, DoorDash IPO, and Stitch Fix better than expected results. With QuantumScape (QS) touching $50, we've hit full insanity again to end the last trading day of November. The reality of the company's likely timeline may be setting in. QuantumScape is hardly the only SPAC that has added commas to certain investors' brokerage balances: ... Stock Advisor launched in February of 2002. The electric vehicle market has a need for efficient batteries, and you can invest in this high-growth market via a position in KCAC stock. However, QuantumScape plans to become a publicly-traded company in … #Quantumscape #StichFix #DoorDash For 2020 elec Even the SPAC "survivors" could shed 70-90% of their current valuations (measured as of late November 2020), therefore sharing the same fate as … The last two years have seen market favorites including Virgin Galactic, DraftKings, and Nikola go public through such deals. QuantumScape (), a battery developer for electric vehicle use, began trading on the New York Stock Exchange today following a SPAC merger.Shares of the San … QuantumScape founder and CEO Jagdeep Singh joins "Squawk on the Street" to discuss the company's public debut. The SPAC was founded in 1999 by Justin Mirro, a former engineer for General Motors and Toyota. And solid state batteries look to be the big winner in this space. The SPAC deal is expected to close in late 2020, when the new company will trade on the New York Stock Exchange under the ticker symbol QS. #QuantumScape ##QuantumScapestock #... Quantumscape stock is a speculative stock at best, with its lofty valuation and with meaningful revenues for the company still way-off. The exact QuantumScape IPO date hasn't been set. QuantumScape, an electric vehicle battery maker backed by Bill Gates and Volkswagen, becomes the latest startup to go public through a SPAC. Sure, rallying more than 90% from where it was pre-merger announcement, this SPAC play looks pricey at first glance. The company aims to go public with a $3.3 billion valuation and trade on the New York Stock Exchange with the ticker QE. The company has st... Solid-state batteries (SSBs) represent the future of electric vehicles, bolstering the narrative for KCAC stock. Should the rally hold into the market close, it would add another $100 million to his total gains. The deal valued QuantumScape at $3.3 billion, and shares traded at more than four times their listing price when the acquisition was completed on November 30. QuantumScape will reach stock exchanges through a reverse merger just like Nikola and Fisker, which makes the SPAC method reach battery companies. Automakers are lobbying for measures that would lead to more electric vehicles in the U.S. One of the most powerful tradable market events is a short squeeze, so traders are always on the lookout for the next short squeeze candidate. It has since been updated to include the most relevant information available. However, investors should know what makes SSBs distinct -- and the challenges t... A pullback to end a huge month was probably inevitable. Listen in to hear how you can profit in 2021 and beyond. Lithium metal battery maker QuantumScape Corp QS 3.37% has gained nearly 220% since going public via an SPAC merger on Nov. 27. QuantumScape (NYSE: QS) has announced that its special purpose acquisition company (SPAC) merger with Kensington Capital Acquisition is complete. QS stock is surging Tuesday morning after QuantumScape shared impressive results on its solid-state battery technology. QuantumScape QuantumScape is releasing its shares to the public through an obscure special purpose acquisition company (aka SPAC) merger, which has become an increasingly popular way to IPO in 2020. Yahoo Finance’s Ines Ferre reports on the latest news on Quantumscape, DoorDash IPO, and Stitch Fix better than expected results. The very kind of dealmaking that Jeremy Grantham previously deemed "reprehensible" netted the famous investor a $265 million profit. Find the latest QuantumScape Corporation (QS) stock quote, history, news and other vital information to help you with your stock trading and investing. When is QuantumScape stock's IPO date? Tesla's meteoric rise through the year has made electric-vehicle SPACs - and any SPAC related to the EV market - particularly popular. After shares of QuantumScape, Luminar, Arrival and Canoo made big gains in a short timeframe, CNBC's Jim Cramer is recommending investors trim their holdings. The Ascent is The Motley Fool's new personal finance brand devoted to helping you live a richer life. Solid-state batteries that work. #Quantumscape #StichFix #DoorDash For 2020 elec Shares of Kensington Capital Acquisition Corp (NYSE: KCAC) are trading higher by over 30% Friday. The company's stock rallied another 31% on Tuesday alone, valuing Grantham's stake at roughly $278 million. QuantumScape founder and CEO Jagdeep Singh joins "Squawk on the Street" to discuss the company's public debut. The competitive set in solid-state batteries just changed, in an important way. All rights reserved. WESTBURY, N.Y. and SAN JOSE, Calif., Nov. 12, 2020 /PRNewswire/ -- Kensington Capital Acquisition Corp. (NYSE: KCAC) ("Kensington") and QuantumScape Corporation ("QuantumScape") today announce... QuantumScape Corporation focuses on the development and commercialization of solid-state lithium-metal batteries for use in electric vehicles. Keefe, Bruyette & Woods Downgrades Rocket Companies (NYSE:RKT) to Underperform Intel (NASDAQ:INTC) Downgraded to "Sell" at Bank of America What are solid-state lithium-metal batteries? Many EV firms like Nikola (NKLA) and Hyliion (HYLN), among others, have gone public this year via reverse mergers with SPACs, a faster, simpler and less demanding process than traditional IPOs. QuantumScape is backed by Bill Gates’ Breakthrough Energy Ventures. Cramer had recommended the SPAC stock last week at $17.50. The position swelled after Kensington Capital Partners announced plans to merge QuantumScape with a special-purpose acquisition company, or SPAC, in September. Business Insider Bill Gates-sponsored battery producer QuantumScape to join 'blank-check' IPO frenzy Yahoo Finance's Myles Udland, Julie Hyman, and Brian Sozzi speak with QuantumScape CEO Jagdeep Singh about the company's next generation battery technology. This saw shares of … QuantumScape will reach stock exchanges through a reverse merger just like Nikola and Fisker, which makes the SPAC method reach battery companies. save. Here are five key tips. "It gets around the idea of listing requirements, so it is not a useful tool for a lot of successful companies. Having difficulty picking winning EV stocks? QuantumScape and VW in 2018 formed a joint venture aimed at industrial-level production of solid-state batteries for use in VW's vehicles. The company's solid-state lithium-ion batteries will allow drivers to charge their vehicles to about 80% of full capacity in 15 minutes. The post QS Stock: Why QuantumScape Shares Are Surging Today appeared fi... SAN JOSE, Calif.--(BUSINESS WIRE)--QuantumScape Corporation (NYSE: QS, or "QuantumScape"), a leader in the development of next generation solid-state lithium-metal batteries for use in electri... Investors keeping tabs on SPAC merger news have had a lot to absorb this week as more companies choose it as a way to go public. The SPAC has a deal in place to merge with QuantumScape, a pre-revenue start-up developing a better battery for electric vehicles. Dollar giving up early gains. Emmet Peppers grew his accounts from $30,000 in 2010 to over $70 million this year. This company may become to EVs what picks and shovels were to gold prospectors. Jagdeep Singh, QuantumScape Founder & CEO, joined Yahoo Finance to discuss going public through a SPAC deal and the future of electric vehicles. But with four years until a product is available, you have to stay informed. QuantumScape, which went public in November thr... QuantumScape, one of the newest entrants to the red-hot electric-vehicle industry, could have one big leg up on Tesla. Now read more markets coverage from Markets Insider and Business Insider: Credit Suisse maintains an index of LGBT-inclusive firms that's crushed its global benchmark since 2010. There has been a lot of investor interest in electric vehicle plays this year. The post QS Stock: 11 Things to Know as Battery Play QuantumScape Rallies ap... Investors continue to try and sort out which electric-vehicle companies will be winners. While not an exact measure of proportional SPAC ownership, it's a decent approximation. US lawmakers reached a $900 billion stimulus deal, marginally improving the market mood. EV Battery Supplier QuantumScape, Backed by Bill Gates, to Go Public in SPAC Deal The merger with Kensington Capital Acquisition values QuantumScape at $3.3 billion. Here's what you need to know. SPAC firms raise capital through an initial public offering with the intention of using the cash to acquire a firm and take the merged entity public. So far, 2020 has been the year of special purpose acquisition company (SPAC) deals. Join us on Tuesday, December 8th at 8am PST. The SPAC deal is expected to close in late 2020, when the new company will trade on the New York Stock Exchange under the ticker symbol QS. Here are the top 28 stocks the firm says to buy now from the basket. Kensington Capital Acquisition (NYSE:KCAC) and QuantumScape announce closing of business combination.QuantumScape shares will trade on the NYSE under the ticker symbol "QS" and its … Without better battery technology, it will be difficult -- if not impossible -- for EVs to replace gas-powered vehicles. Battery producer QuantumScape is the latest firm to go public through a special-purpose acquisition company, or SPAC, merger. Grantham's profit stands to climb even higher. It’s important to keep in mind that QuantumScape has already reverse-merged into former SPAC Kensington Capital and changed its symbol to QS. Disclaimer | The future is solid. The company was founded in 2010 and is headquartered in San Jose, California. 0 comments. The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every Saturday in your inbox. QuantumScape, a maker of solid-state batteries for EV applications, is the latest stock in the business to close its SPAC merger. Read more: We spoke with Wall Street's 9 best-performing fund managers of 2020 to learn how they crushed the chaotic market - and compile the biggest bets they're making for 2021. Velodyne's stock … Are solid-state lithium batteries the next frontier market for electric cars? Energy. The post Top SPAC Merger News This Week: Innoviz, Arrival, Lumi... QuantumScape is the latest addition to the NYSE after a merger with Kensington Capital. Valuing QuantumScape Stock With that Dec. 11 $28.7 billion market cap, QuantumScape stock has a pro forma EV of $27.56 billion. The post Investors Shouldn't Buy Into the Quantumscape H... QuantumScape stock is no longer undervalued given its huge run-up. The post QuantumScape SPAC Merger: 9 Things to Know ... Quantumscape CEO Jagddep Singh discusses going public through a SPAC deal and his company's battery technology for electric vehicles. EUR/USD has recovered from a daily low of 1.2129 as fears eases. QuantumScape Stock Is No Longer Undervalued Given Its Huge Run-Up. Microsoft co-founder Bill Gates isn't just investing in QuantumScape's potentially revolutionary lithium-metal battery technology — he's giving the venture advice as well. QuantumScape wants to disrupt the automotive industry—and the EV space—by offering a better mousetrap. Kensington Capital Acquisition stock soared 86.1% to $18.61. QuantumScape SPAC Merger. Here's what you should know. 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