- Novembre 22, 2022
- Posted by: Oliver
- Categoria: Uncategorized
It’s easy to figure out why Teladoc stock ran out of steam, but what about QuantumScape stock? It’s down 67% year-to-date, but it’s not as if the world suddenly stopped needing lithium batteries for electric vehicles.
Most likely, the downtrend in QS stock can be explained by investors’ aversion to anything labeled as a “growth stock.” All it took was some tough talk from the Federal Reserve, and many stocks that ran hot in 2020 or 2021 were suddenly out of favor.
That’s a problem if you bought near the top, but also a terrific opportunity if you just sat on the sidelines. Analysts aren’t expecting much upside from QuantumScape stock, but perhaps they’re obsessed with the company’s financials. Unlike Teladoc, however, QuantumScape’s best argument for growth lies within the technology, not the financials.
QS stock can stage a full recovery because QuantumScape is aggressively pushing the envelope of lithium battery technology. Always the innovator and never the imitator, QuantumScape is currently developing a new generation of electric vehicle battery cells with 24 layers. The company is still in the data-gathering stage for this, but QuantumScape plans to provide an “update on this front” in the company’s next quarterly earnings call.
That’s not all that QuantumScape’s been up to, though. The company is also working on a new hybrid cell architecture with two fundamental features. These, QuantumScape explains, are a “frame that wraps around the edge
of the cell stack” and a “flexible outer layer of metalized polymer, which is similar to conventional pouch material.”
The timing is certainly right for this type of electric vehicle battery advancement. QuantumScape correctly cites the passage of the Inflation Reduction Act as an important catalyst, as it allocates significant funding toward domestic clean-energy projects. Today, with the midterm elections behind us and environment-friendly initiatives ready to move forward, QuantumScape can pursue its battery-tech development projects and QS stock can return to its early 2022 high, or perhaps even higher.
What is the Forecast for QS Stock?
QS has a Hold consensus rating based on three Holds and one Sell assigned in the past three months. The average QS stock price target of $8 implies 10.8% upside potential.
