QuantumScape stock reaches new three-year high as rally continues for ninth session

QuantumScape (QS), the leading commercial developer of solid-state batteries, has now rallied for nine consecutive sessions. This has led the battery maker to a new three-year high with shares reaching $15.03 in Friday’s afternoon session.

QuantumScape continues to benefit from news of its state-of-the-art Cobra separator process reaching production goals, which will allow the company to begin commercializing its battery technology over the next two years.

The broader market has seen investors head for the exit after a positive week that saw many new index highs. The S&P 500 has gained above half a percentage point placeholder at $7.72. Another is the 161.8% Fibo at $10.14.

QS daily stock chart