Why QuantumScape Stock Jumped Almost 10% This Week

Some energy stocks have been soaring as investors look to get in early on new technologies that could help supply growing power demand. With electric vehicle (EV) sales continuing to increase and data centers popping up seemingly everywhere to supply increasing needs for artificial intelligence (AI) compute power, investors want to cash in too.

One name that jumped as much as almost 12% this week was solid-state battery company QuantumScape (NYSE: QS). The stock was still higher by 9.3% as of late Thursday afternoon, according to data provided by S&P Global Market Intelligence.

Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue »

Image source: Getty Images.

Solid-state batteries are for more than just electric vehicles

Much of the recent attention on data center power needs has centered on fuel cells or small modular nuclear reactors. The technology QuantumScape is developing has been focused on the EV market as it scales into prototype production and customer testing phases.

QuantumScape is making progress toward commercializing its battery technology. In its first-quarter report, the company said it is ahead of schedule to bring its next phase of manufacturing solid-state battery cells into baseline production.

EV customers are getting closer to field-testing the product. The higher energy density in solid-state batteries should provide EVs with a safer alternative and better vehicle range, with lower costs and enhanced performance. But QuantumScape will have a market beyond EVs too.

Solid-state batteries can be applied for renewable energy storage, consumer electronics, medical devices, and other applications. Investors see a scarcity of energy sources developing as demand ramps up from AI data centers, robotics, and self-driving car fleets. As QuantumScape gets closer to commercialization, the stock is ticking higher along with other energy names this week.

Should you invest $1,000 in QuantumScape right now?

Before you buy stock in QuantumScape, consider this:

The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and QuantumScape wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.

Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $657,871!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $875,479!*

Now, it’s worth noting Stock Advisor’s total average return is 998% — a market-crushing outperformance compared to 174% for the S&P 500. Don’t miss out on the latest top 10 list, available when you join Stock Advisor.

See the 10 stocks »

*Stock Advisor returns as of June 9, 2025

Howard Smith has positions in QuantumScape. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.