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QuantumScape Downgraded Amid Valuation Concerns Despite Battery Tech Promise

QuantumScape Downgraded Amid Valuation Concerns Despite Battery Tech Promise

Author:

Global Cryptocurrency

Published:

2025-11-24 14:42:02

15

3

BTCCSquare news:

QuantumScape shares fell 1.2% in pre-market trading after Evercore ISI's downgrade to Hold, despite a raised price target to $12. Analyst Chris McNally acknowledges the company's solid-state battery breakthroughs but cautions on valuation after a 187% six-month rally.

The technology maintains competitive advantages for EVs, with potential applications extending to robotics and energy storage. McNally's model assumes 1.5M units by 2030 through Volkswagen and one unnamed OEM partner - representing just 4-5% market penetration.

This comes as battery innovators face heightened scrutiny following 2023's capital-intensive scaling challenges across the sector. QuantumScape's proprietary lithium-metal solutions remain among the most closely watched in the industry.

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