We recently published 10 Stocks with Surprising Gains. QuantumScape Corporation (NYSE:QS) is one of Tuesday’s top performers.
QuantumScape bounced back from losses on Tuesday, jumping 10.22 percent to close at $13.80 apiece as investors reloaded positions ahead of its earnings performance tomorrow, July 23.
QuantumScape Corporation (NYSE:QS) has experienced a notable rally over the past few weeks, stretching its win to a nine-day rally between July 8 and 18, before profit-taking persisted to end Monday’s session lower.
Investor confidence was primarily driven by QuantumScape Corporation’s (NYSE:QS) announcement of a new milestone last month that would become key to ramped-up 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.
A line of electric vehicles parked in front of a research & development building in San Jose, California.
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.
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