QuantumScape (QS) Given Lackluster Rating at JP Morgan, But Analyst Still Sees Nearly 50% Upside
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QuantumScape (QS) Redeems all Public Warrants
July 23, 2021 6:45 AM EDTQuantumScape Corporation (NYSE: QS; Public Warrants - NYSE: QS.WS) today announced that it has elected to redeem, at 5:00 p.m. Eastern Daylight Time on August 24, 2021 (the Redemption Date), all of QuantumScapes outstanding public warrants (Public Warrants) that were issued under the Warrant Agreement dated as of June 25, 2020, as amended on February 13, 2021 (the Warrant Agreement), by and between Kensington Capital Acquisition Corp. (Kensington) and Continental Stock Transfer & Trust Company, as warrant agent. The Public Warrants were originally issued in connection with Kensingtons initial public offering in June 2020 (the IPO), and subsequently assumed by QuantumScape in November 2020 in connection with the business combination by... More
UPDATE: JPMorgan Starts QuantumScape (QS) at Neutral
July 21, 2021 3:27 AM EDT(Updated - July 21, 2021 4:27 AM EDT)
JPMorgan analyst Jose Asumendi initiates coverage on QuantumScape (NYSE: QS) with a Neutral rating and a price target of $35.00.
The analyst comments "QuantumScape (backed by VW Group) is developing solid-state battery prototypes for the... More
