Quantumscape soars after narrower Q1 loss

QuantumScape

23/04/2026 11:54

** Quantumscape QS.O shares surge 24.8% to $9.12 premarket

** Company that makes batteries for electric vehicles reports Q1 loss of 16 cents/shr, down from 21 cents/shr a year earlier

** Analysts on an average expected a loss of 18 cents/shr - data compiled by LSEG

** Firm says it is expanding into new markets; solid-state battery to be a good fit to power data centers amid AI boom

** TD Cowen says Q1 update shows QS continues to make progress on scaling and auto commercialization

** Adds that firm's "deep relationship" with Volkswagen Group suggests room for to deploy QS energy storage

** Seven analysts rate stock "hold", three "sell" or lower, median PT at $8.15 - LSEG-compiled data

** Stock has lost about 30% YTD, till last close

 (Reporting by Purvi Agarwal in Bengaluru)

 ((Purvi.Agarwal@thomsonreuters.com;))