10 Stocks with Potential to Rise 1000 Percent

7. QuantumScape Corporation (NYSE:QS)

Number of Hedge Fund Holders: 22

QuantumScape Corporation (NYSE:QS) is developing solid-state lithium-metal battery technology aimed at enhancing energy density, charging speed, and safety for EVs. Their proprietary design features an anode-free architecture and a solid ceramic electrolyte separator, which collectively improve performance and simplify manufacturing. The company’s first planned commercial product, the QSE-5, is designed to offer high energy density and fast-charging capabilities.

The year 2024 was exceptional for QuantumScape Corporation (NYSE:QS), reinforcing its position as the global leader in solid-state battery technology. The company achieved significant milestones including shipping Alpha-2 samples with advanced packaging and high loading cathodes, ramping up the Raptor separator heat-treatment process, and beginning low-volume B0 production of QSE-5 cells with industry-leading performance metrics – including energy density of 844 watt-hours per liter, fast charging in about 12 minutes, and excellent discharge power and low temperature operation. The company unveiled a cornerstone commercial licensing strategy through its partnership with PowerCo, the battery manufacturing company of the Volkswagen Group, building a 150-plus person joint team working in San Jose, California.

For 2025, QuantumScape Corporation (NYSE:QS) is focused on four key goals: bringing Cobra into baseline production, installing higher-volume cell production equipment, shipping QSE-5 B1 samples for customer testing, and expanding commercial engagements. On the financial front, the company ended 2024 with $910.8 million in liquidity, which includes $128.5 million raised under its at-the-market equity program, extending its cash runway into the second half of 2028. The company forecasts 2025 CapEx between $45 million and $75 million and adjusted EBITDA loss between $250 million and $280 million, representing a reduction in overall spending from 2024 levels.