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Is This Forgotten Battery Stock Primed To Deliver Gains In The Next Leg of The EV Revolution?

The Motley Fool·
Is This Forgotten Battery Stock Primed To Deliver Gains In The Next Leg of The EV Revolution?

QuantumScape, a solid-state battery developer, has seen its stock plunge 95% from its $131.67 all-time high to $7.55 after missing commercialization targets and generating no revenue. However, the company is now manufacturing B-sample cells and plans to commercialize designs by 2027 through licensing agreements with Volkswagen and other automakers. With the solid-state battery market projected to grow at 47.6% CAGR through 2034, analysts expect QuantumScape's revenue to reach $99 million by 2028, potentially offering significant upside for early investors.

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