"Just a few years ago, electric vehicles (EVs) were a red-hot topic on Wall Street. It felt like the growth trajectory of solid-state lithium-metal EV battery maker QuantumScape ( NASDAQ:QS) would continue unabated. Those were exciting times, but the outlook isn't quite as optimistic in 2026. Previously, the debate centered around whether QS stock will get back to $15. Today, it's unclear whether the stock will get back to $10. It could happen this year, but no one can make any guarantees."
"That's all well and good, but it appears that the sellers are back in control as QS stock was recently halved from $19 to $8. Apparently, the sizzle phase quickly gave way to the fizzle phase. It's difficult to know whether half-price QuantumScape stock can reasonably be called a bargain. After all, QuantumScape has no price-to-earnings (P/E) ratio since the company isn't profitable."
QuantumScape's stock has experienced extreme volatility, down 86% over five years but up 61% year-over-year, and recently fell from $19 to $8. Low petroleum prices in 2026 could weaken EV demand, complicating growth prospects for the solid-state lithium-metal battery maker. The company remains unprofitable and lacks a P/E ratio, making valuation unclear. A volatile market could push the share price back to $10, but that outcome is uncertain and depends on broader EV demand, company progress, and investor sentiment rather than current low share price alone.
Read at 24/7 Wall St.
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