QS
QuantumScape Corporation

QuantumScape CorporationQS

Consumer Cyclical · Auto Parts
4.28USD
+4.14%
Nov 09, 2026
QS overview ready
Pre-commercial Developer of Solid-State Lithium-Metal Batteries for EVs
Pre-commercial pure-play developer of solid-state lithium-metal battery technology for EV applications.
Theme not measured
Energy Storage has no leadership state this session.
Price trend is broken
Longer-term context reads damaged structure, with a near-term setup of base repair.
The tactical setup reads base repair, but the weekly structure is broken.
Demanding valuation
The price embeds expectations that run ahead of the cash the business currently produces.
Low free cash flow yield
Free cash flow yield is weak.
Primary risk
Technology commercialization delays.
Market Nov 6Price action Nov 8Research Jul 17

Conviction Level

Theme Momentum has no canonical measurement for this company — a research-profile dimension, not an input to this score.

PriceAction1.4BusinessPerformance—BusinessQuality—Valuation1.0ThemeMomentum—A revenue trend needs at least three unbroken comparable quarters, so none is read here.

Conviction uses Price Action, Business Performance, Business Quality, Valuation. Theme Momentum is research context, not an input.

Theme momentumPrimary theme · group context, not entry timing
Energy Storage — Energy Storage has no leadership state this session
Its economic family, Power Infrastructure, reads Lagging (−12.0pp vs SPY) — the family’s reading, not this theme’s.
Price
Loading price history…

Price Action

Price trend is broken
Longer-term context reads damaged structure, with a near-term setup of base repair.
The tactical setup reads base repair, but the weekly structure is broken.
EntryDamaged / breakdown

The technical structure itself is broken across timeframes — the weakest entry profile.

Key Financials

Market Cap
$2.7B
Avg Volume (60D)
13.4M
60 sessions
Free Cash Flow Yield
-5.1%
Distance from 200DMA
-34.1%
P/E
N/M
Market metrics as of Nov 8, 2026

Business Performance

Insufficient evidence

A revenue trend needs at least three unbroken comparable quarters, so none is read here.

Latest reported: Q3 FY2026, ended Sep 30
Revenue growthNot enough data
—
— in Q3 FY2026 · no comparable year-ago quarter
Not enough comparable quarters for a YoY sequence.
Earnings growthLoss narrowing
-$0.14
Diluted EPS -$0.14 vs -$0.18 a year earlier · GAAP
Too few comparable EPS quarters: a loss or a turn to profit has no meaningful percentage.
Operating marginNot enough data
—
No year-ago comparison

Business Quality

Not assessed

Not assessed yet — too few fiscal years of filings are on record.

Fundamentals & Valuation

Both valuation perspectives agree this company is expensive.
QuantumScape Corporation has an Expensive valuation stance because the price embeds expectations that run ahead of the cash the business currently produces. The business behind it shows negative free cash flow.

Company Research

Thesis
Pre-commercial pure-play developer of solid-state lithium-metal battery technology for EV applications. The story is still emerging, so the exposure is real but early. QS has a real and specific exposure to the emerging solid-state EV-battery commercialization cycle, rather than a generic electrification adjacency.
Opportunity
Moderate opportunity
Automaker and battery-industry efforts to commercialize higher-energy-density, safer battery architectures that can improve electric-vehicle range, charging performance, and pack efficiency beyond conventional lithium-ion designs.
Key risk
Technology commercialization delays.

Economic classification

Loading the economic classification…

Business & Markets

Consumer Cyclical · Auto Parts
What they do

QuantumScape develops solid-state lithium-metal battery technology primarily for electric vehicles, operating through research, development, and pre-commercialization activities in the United States.

How it earns

Revenue generation is currently limited and likely project-based or through partnerships as the company advances its battery technology toward commercialization.

Products & services
Solid-state lithium-metal batteries
Battery technology development services
Customers & end markets
Electric vehicle manufacturers
Battery industry participants
Market position

Niche pre-commercial pure-play developer focused on next-generation solid-state battery technology.

Demand drivers
High cyclicality

Demand is closely tied to electric vehicle market growth and automotive industry investment cycles.