QuantumScape (QS) Redeems all Public Warrants

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QuantumScape (QS) Given Lackluster Rating at JP Morgan, But Analyst Still Sees Nearly 50% Upside

July 21, 2021 11:43 AM EDT

JP Morgan announced on Wednesday that they initiated coverage on QuantumScape (NYSE: QS), a solid-state lithium-ion battery development company backed by Volkswagen Group. Analyst, Jose Asumendi, gave the company a Neutral rating and a $35 price target.

The rating reflects "risks associated with successfully developing a commercially viable solid-state battery cell against the upside of... 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