TLDR
- QuantumScape (QS) stock fell 7% on Monday, closing at $4.56 after touching a new 52-week low of $4.54.
- The stock is down about 56% so far this year, with no company-specific news behind Monday’s drop.
- TD Cowen cut its price target to $6 and kept a Hold rating; the Street consensus is also Hold.
- Insiders sold over 321,000 shares worth nearly $2 million in the past 90 days, while some institutions added to their positions.
- The company still targets 2029 for commercial production with Volkswagen’s PowerCo, and Honda signed a new research deal in June.
QuantumScape (QS) stock dropped 7% on Monday, closing at $4.56. It touched a fresh 52-week low of $4.54 during the session.
QuantumScape Corporation, QS
The stock has now fallen about 56% since the start of the year. There was no new company announcement tied to Monday’s move.
Instead, investors appear to be weighing how long it will take QuantumScape to reach commercial production. The solid-state battery maker has been public for years without turning a profit.
Trading volume told part of the story too. Around 7 million units changed hands, well below the daily average of nearly 19 million.
TD Cowen trimmed its price target on the stock from $8 to $6 back in July. The firm kept a Hold rating in place.
Wall Street’s broader view is mixed. Five analysts rate the stock Hold and one rates it Sell, giving it a consensus Reduce rating and an average target near $9.47.
QS Stock Faces Pressure From Ongoing Losses
QuantumScape keeps spending heavily as it develops its battery technology. The company posted a net loss of $98.2 million in the second quarter.
For all of 2026, it expects an adjusted EBITDA loss between $250 million and $275 million. That is a wide gap the business still needs to close.
On the positive side, QuantumScape ended the quarter with $859 million in liquidity. It also lowered its 2026 capital spending forecast to a range of $27 million to $37 million.
The company revised its deal with Volkswagen’s PowerCo in July too. Milestone payments were reduced from about $131 million to $75 million, though QuantumScape says lower project costs should offset the cut.
Customer activity has moved in a better direction. Second-quarter billings reached $10.8 million, pushing first-half billings to $21.8 million, already ahead of the $19.5 million booked for all of 2025.
QuantumScape Builds Out Its Customer Pipeline
The company is working to double cell output from its Eagle Line during the second half of 2026. More cells mean more testing data for both QuantumScape and its partners.
Honda signed a multi-year research agreement with QuantumScape in June after reviewing the battery technology. That adds to existing work with Volkswagen’s PowerCo.
QuantumScape is also working with two other major automakers. It has shipped cells to one additional carmaker for testing.
CEO Siva Sivaram has said the company still expects commercial production with PowerCo in 2029. That date remains the central milestone for the business.
Insiders have not been buying into the recent weakness. CTO Timothy Holme sold 45,000 units in mid-September at an average price of $5.09.
CFO Kevin Hettrich sold 9,800 units in July at an average price of $7.28. In total, insiders sold 321,644 units worth nearly $2 million over the past 90 days.
Institutional investors have taken the opposite approach. Dimensional Fund Advisors grew its position by over 134% in the first quarter, and Geode Capital Management added to its stake as well.
Corporate insiders currently hold about 3.93% of the company. Hedge funds and other institutions own close to 29.87% of the stock.
Stop guessing and start investing with confidence. KnockoutStocks gives you the AI insights, market intelligence, and stock research you need to spot opportunities, cut through the noise, and make smarter investment decisions — all in one powerful platform.
Sign up today and get 50% OFF full access to our premium stock picks.
Simply use coupon code SPECIAL50 at checkout to claim your exclusive discount.
Get 3 Free Stock Ebooks
Discover top-performing stocks in AI, Crypto, and Technology with expert analysis.
- Top 10 AI Stocks - Leading AI companies
- Top 10 Crypto Stocks - Blockchain leaders
- Top 10 Tech Stocks - Tech giants
