Quantum Landscape (NYSE: QS) will release second-quarter results after the market close on Wednesday.
Wall Street expected the U.S. startup to post earnings of -$0.18 per share. The San Jose, Calif.-based company reported earnings of -$0.24 per share in April.
Investors were deeply impressed after reading Volkswagen(OTCPK:VLKAF) announced earlier this month that it would significantly increase production of solid-state batteries developed with the company. Since then, the stock has risen more than 22%.
Overall, the stock is up more than 20% year to date, outperforming the broader S&P 500.
Analysts are also positive about the deal, with Morgan Stanley analyst Adam Jonas saying the deal is a positive development that validates QuantumScape’s technology and reduces its capital requirements.
However, Seeking Alpha analyst Mark Holder said that while investors may believe QuantumScape may now be on a stronger financial footing as a result of the deal, the stock “is already highly valued and production is likely not until 2027 and beyond.” will begin”.
Likewise, Seeking Alpha analyst Dair Sansyzbayev noted that the timing of commercialization of the technology remains highly uncertain.
Seeking Alpha analysts, Wall Street, and Seeking Alpha Quantitative Ratings are all cautious and rate the stock a Hold.
Over the past three months, EPS estimates have seen two upward revisions and one downward revision.
