QS - QuantumScape: Sit Back To See The Company's Progress

2024-03-06 11:51:18 ET

Summary

• QuantumScape is developing a new type of battery that can store more energy and overcome the limitations of lithium batteries.
• The company's technological progress is promising, but caution is needed as there are uncertainties regarding real-life testing, production timeline, and target format.
• QuantumScape's valuation is relatively high compared to its revenue-generating peers, making it less attractive for investment at this stage.

A summary of our thesis

QuantumScape (QS) is a company developing a new kind of battery that can store more energy and eliminate the drawbacks of lithium batteries. The needs and long-term prospects of this niche are bright, but in our analysis, we will discover more about the company’s performance and its unrealized target and production timeline, which gives us a more cautious outlook - hence a Hold rating overall....

For further details see: