12 Best Get Rich Fast Stocks To Buy Now

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6. QuantumScape Corporation (NYSE:QS)

Number of Hedge Fund Holders: 22      

QuantumScape Corporation (NYSE:QS) operates as a developer of advanced battery technology for electric vehicles (EVs) and other applications. Capital expenditures in the third quarter were $17.9 million, in line with expectations. In December last year, the company announced the successful installation of its new heat treatment equipment, Cobra, which is now ready for initial separator processing. This milestone keeps the company on track to deliver larger samples of its first commercial product, QSE-5, in 2025, moving closer to commercializing solid-state batteries for electric vehicles. Capital expenditures in the fourth quarter were $11.2 million, and for the full year 2024, were $62.1 million, within guidance.

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