QuantumScape (QS)'s Pilot Product Draws Analyst Attention

We recently published 9 Best Battery Stocks to Buy Before They Explode. QuantumScape Corporation (NASDAQ:QS) is one of the best battery stocks to buy before they explode.

Evercore ISI discussed solid-state battery firm QuantumScape Corporation (NASDAQ:QS)’s shares in late February. The bank kept an In-Line rating for the stock and reduced the share price target to $10 from $12. The development came after HSBC had covered the stock on February 19th. The bank had raised QuantumScape Corporation (NASDAQ:QS)’s rating to Hold from Reduce and cut the share price target to $8.3 from $10.50. As part of the coverage, HSBC outlined that while QuantumScape Corporation (NASDAQ:QS) was progressing with its Eagle Line solid-state battery production, the firm would be better served to provide clarity about contracts and revenue streams.

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Eagle Line is the firm’s automated production line for the solid-state lithium-metal cells called QSE-5. QuantumScape Corporation (NASDAQ:QS) inaugurated the Eagle Line pilot at the start of February and outlined that Eagle Line would allow it to ship cells to customers for testing, demonstration, and product integration.

QuantumScape Corporation (NASDAQ:QS) is a solid-state battery designer that caters primarily to the needs of the electric vehicle industry. The firm is headquartered in San Jose, California.

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