QuantumScape Corporation (QS)

[solong]

I'm reading some analyst for this one along with some other "solid state battery" stocks. And renewables as well. Everyone was excited about these when the company was saying they would be in production either late this year or early 2025.

I've noticed that most of these "new" energy companies are starting to use other language like, "we should be in production in early 2025 with full scale production in 2026".

There are 9 analyst who follow QS and 1 is recommending a "buy", 5 are recommending a "hold" and 3 are recommending a "sell". This is a change from the last time I looked, about 5 months ago.

The consensus target price for the stock this year (from the same analyst) is $6.09 - my view is that it's not unusual for everyone to get caught up in the excitement of a breakthrough product. Then once the "high" wears off the stock comes back to earth, usually because they don't have the revenue to support the current valuation. If it drop further, then I'd be happy to get them cheap, it will come back. IMO