QuantumScape Sinks 14%, Solid Power and SES AI Fall as Solid-State Battery Stocks Slide
The company posted a narrower quarterly loss and reaffirmed guidance, but investors sold the stock after the Honda partnership announcement.
3 Articles
3 Articles
QuantumScape Sinks 14%, Solid Power and SES AI Fall as Solid-State Battery Stocks Slide
QuantumScape just posted an earnings beat and announced a marquee Honda partnership, yet the stock is cratering anyway, dragging Solid Power and SES AI down with it. Here is what the brutal sell-off reveals about where investor patience with solid-state battery promises actually stands.
Deeper dive: why QuantumScape stock's post-earnings decline makes sense
QuantumScape (QS) stock is under immense pressure on July 23 after the solid-state lithium metal batteries specialist posted earnings for its second financial quarter. While the company technically beat bottomline estimates on paper, a deeper dive into the quarterly release reveals a few major negatives that are leading to bearish sentiment this morning. The Q2 print add to pressure on QuantumScape shares that – heading into Thursday – were alre…
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