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Benzinga
Benzinga
Business
Henry Khederian

QuantumScape (QS) Stock Rebounds Ahead Of Q2 Earnings: What's Going On?

QuantumScape QS
QuantumScapeQSE-5-and-A0-Prototype-2

QuantumScape Corp (NYSE:QS) shares are trading higher Tuesday afternoon, rebounding ahead of its second-quarter earnings report, scheduled for after the market close on Wednesday. The stock is bouncing back from a pullback on Monday that followed a greater than 200% rally over the past month.

What To Know: The recent surge, which pushed the stock to a new 52-week high last week, was fueled by positive company developments. In late June, QuantumScape announced a manufacturing breakthrough called the “Cobra” process, which is expected to dramatically increase the production speed of its solid-state battery separators.

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