10 Hottest Stocks: What’s Fueling Their Rise

5. Quantumscape Corp. (QS)

Quantumscape saw its stock price rally by 14.34 percent on Thursday to end the day at $6.14 apiece.

The company, which focuses on developing solid-state lithium-metal battery technology for electric vehicles, recently announced the delivery, installation, and release of initial processing of Cobra equipment.

Cobra represents a significant innovation in ceramic solid-state separator production. The milestone is said to be the culmination of advanced research and development on Quantumscape’s fast separator production process, which it regards as the core innovation that will allow its battery technology to be manufactured at a gigawatt-hour scale.

Quantumscape said achieving such a milestone on schedule puts it on track to deliver higher-volume samples of its first planned commercial product in 2025, and is a major step toward the commercialization of solid-state batteries for electric vehicles.