10 Best Battery Stocks To Buy According To Analysts

6. QuantumScape Corp. (NYSE:QS)

Analysts Upside Potential as of March 10: 38.39%

Number of Hedge Fund Holders In Q4 2024: 22

QuantumScape Corp. (NYSE:QS) is a new player in the global battery scene. It was listed on the NYSE in August 2020. The San Jose, California-based company is one of the pioneers of solid-state rechargeable lithium batteries for EVs. Their main products are batteries designed to offer greater energy density, enhanced safety, and, most importantly, faster charging.

The company has made significant progress in its development journey, having shipped samples to automotive partners for testing. QuantumScape Corp. (NYSE:QS) calls the samples Alpha-2 battery, and they have advanced packaging and high-loading cathodes. The company has also deployed its “Raptor” separator heat-treatment process to improve manufacturing efficiency and has begun low-volume production of its QSE-5 cells. The cells offer an impressive 844 Wh/L energy density and fast charging capabilities of approximately 12 minutes.

Despite the developments, the company remains pre-revenue. Management revealed that no revenue was generated in Q4 2024. The firm also missed EPS by $0.01 (posted -$0.22) and registered a $114.7 million GAAP net loss for the quarter and $477.9 million for the full year 2024. This is what normally happens with startups that haven’t perfected their products yet; they’re still working on the core technology. That’s why the company’s CapEx was $11.2 million for the quarter and $62.1 million for the full year 2024.