QuantumScape Q4 Loss, $250M EBITDA Deficit Guidance Sparks 9% Stock Plunge
QuantumScape’s Q4 loss was $0.17 per share, one cent below forecasts, and it guided full-year EBITDA losses of $250–$275 million with $40–$60 million in capital expenditures. Shares plunged 9% to test support near $8 after Deutsche Bank cut its price target to $9, as the company launched its automated battery pilot line.
1. Q4 Financial Results and Forecast
QuantumScape reported a fourth-quarter net loss of $0.17 per share, one cent wider than analyst estimates. The company forecast full-year EBITDA losses of $250–$275 million and projected $40–$60 million in capital expenditures, underscoring continued heavy investment in battery technology.
2. Market Reaction and Analyst Moves
Following the results, shares fell nearly 9% to test support near $8, and Deutsche Bank reduced its price target from $10 to $9. Short interest reached 13.7% of float, reflecting growing bearish sentiment with rising options volume.
3. Production Line Launch and Commercialization
Last week the company activated its automated battery cell pilot production line, signaling progress toward commercializing its solid-state battery technology. Management indicated the pilot line is entering final validation stages ahead of scaling manufacturing.