QuantumScape Corporation Class A (QS)

QuantumScape's stock price experienced significant fluctuations in the past six months. A surge occurred in late June 2025 due to positive announcements, but a downturn followed since Halloween 2025 due to a risk-off environment, investor concerns, and skepticism about commercial scalability. Evercore ISI Group downgraded QuantumScape from "Outperform" to "In-Line" but raised its price target from $8.00 to $12.00 on November 24, 2025. HSBC downgraded the stock from "Hold" to "Reduce," while increasing the price target from $5.30 to $10.50 on November 19, 2025. TD Cowen maintained a "Hold" rating but significantly raised its price target from $5.00 to $16.00 on October 30, 2025. Baird maintained a "Neutral" rating and increased its price target from $6.00 to $11.00 on July 24, 2025. The company completed a $263 million equity raise earlier in 2025.

There is no specific data indicating demand seasonality for QuantumScape Corp.'s products and services. As the company is in the development and pre-commercialization phase, established seasonal demand patterns are not yet evident.

QuantumScape Corporation is focused on developing and commercializing next-generation solid-state lithium-metal batteries with higher energy density, faster charging, and enhanced safety to facilitate the transition to a lower-carbon future. The company operates in the Electrical Products industry as a battery developer for electric vehicles, with its core product being solid-state lithium-metal battery technology applicable to stationary storage and consumer electronics. QuantumScape's battery cells are anode-free.

QuantumScape Corporation is headquartered in San Jose, California, U.S., and its shares are traded on the New York Stock Exchange (NYSE) under the ticker symbol QS. The stock is also listed on several international exchanges, including the Mexico Stock Exchange, Sao Paulo Stock Exchange, Berne Stock Exchange, Munich Stock Exchange, Dusseldorf Stock Exchange, Hamburg Stock Exchange, and Frankfurt Stock Exchange.

QuantumScape's brand reputation has evolved from being viewed as a "science project" to a business on the cusp of real-world impact, marked by a stock price increase in mid-2025. Skepticism persists regarding commercial scaling and financial risks. Recent analyst downgrades and a cautious outlook reflect concerns about valuation and future revenue visibility. Insider selling has also contributed to bearish sentiment.

QuantumScape Corporation's ownership is distributed among institutional investors, individual investors, and public companies. Individual investors hold approximately 45% of the company, while institutional investors hold a substantial stake, with 572 institutional owners holding a total of 183,163,699 shares. Major institutional owners include Vanguard Group Inc, BlackRock, Inc., Capricorn Investment Group LLC, Geode Capital Management, Llc, and State Street Corp. Key individual and public company owners include Volkswagen Group Of America Investments LLC (11.35% ownership), Jens Wiese (8.82% ownership), Frank Blome (6.29% ownership), Dipender Saluja (2.74% ownership), Jagdeep Singh (1.97% ownership), and Porsche Automobil Holding SE (17% of shares outstanding). As of November 24, 2025, institutional shareholders own 28.04% of the company, insiders own 35.41%, and retail investors own 36.54%.