Overview
- QuantumScape shares closed Monday up 15.58% at $16.99, trading near the 52-week high of $17.79, according to Benzinga Pro.
- China’s new export licensing for certain rare earths and specific lithium batteries was cited as a catalyst, while a weekend post by President Donald Trump eased tariff worries.
- Recent production agreements with Corning and Murata bolstered expectations that the company is moving closer to commercializing its solid-state lithium‑metal cells.
- Momentum indicators turned notably bullish, with QS well above its 50-, 100- and 200-day moving averages and earning a Benzinga Edge Momentum score of 97.66.
- QuantumScape remains pre-revenue with undisclosed deal terms and timelines, and it has scheduled a third-quarter investor update for Oct. 22.