EV battery maker Quantumscape tumbles 12%
10/06/2021 20:09
** Shares of Quantumscape Corp QS.N down 12%, reversing gains
made by the Silicon Valley battery maker since the start of the
month
** QS surged over 1,200% between Sept 2020 and Dec 2020
after the announcement it would go public through a SPAC tie-up
with Kensington Capital. But the stock tumbled from its Dec high
and is now up ~170% from before the merger was announced
** QS down 68% YTD vs S&P 500's .SPX 13% increase
** 4 analysts cover QS, on avg rating it 'buy'. Its median
PT is $46.50, which is 69% above its current price of $27.47
((noel.randewich@tr.com; (415) 677 2542, Twitter: @randewich;))