QuantumScape (QS) Extends Rally for 9th Session Ahead of Q2
We recently published These 10 Stocks Surprisingly Lead Gains While Wall Street Naps. QuantumScape Corporation (NYSE:QS) is one of this week’s top performers.
The rally in shares of QuantumScape showed no signs of stopping on Friday, extending gains to a ninth consecutive day to hit another all-time high, as investors continued to place bets ahead of its upcoming earnings performance.
Continued investor confidence was primarily driven by the company’s announcement last month of a new milestone that would scale up its production capabilities.
Called the Cobra separator, the new process is designed to enable faster, more energy-efficient production with a smaller equipment footprint compared to earlier processes.
As compared with the prior generation Raptor process, QuantumScape Corporation (NYSE:QS) said Cobra offers a ~25x improvement in heat treatment speed and occupies a fraction of the physical space per film start—both of which are key advantages in the design of a scalable gigafactory production line.
Photo by Kumpan Electric on Unsplash
Investors will be closely watching out for QuantumScape Corporation’s (NYSE:QS) updated outlook for the rest of the year, with a new production process now in full swing. The company is set to release its second quarter earnings results and hold an investor call on Wednesday, July 23, after the market close.
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READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article is originally published at Insider Monkey.
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