QuantumScape Corporation (NASDAQ: QS) experienced a significant uptick in its stock price during premarket trading on Monday, signaling investor positioning prior to the company's anticipated fourth-quarter earnings announcement slated for Wednesday after market close.
The enthusiasm was sparked largely by the company's announcement last week marking a key development milestone in its commercial endeavors to advance solid-state battery technology. On February 5, QuantumScape revealed the launch of its newly established Eagle Line facility situated in San Jose, which is poised to serve as a production site for its QS battery cells aimed at customer sampling and testing purposes. Furthermore, this facility represents a demonstration of the company's ability to scale manufacturing processes to a gigawatt-hour (GWh) level, a crucial step toward mass production and commercialization.
In the days leading up to the earnings release, the stock's technical indicators display a nuanced picture. QuantumScape is trading approximately 5.9% beneath its 20-day simple moving average (SMA) and about 27% below its 100-day SMA. These metrics suggest a bearish short-term trend in price movement. Nonetheless, over the course of the last twelve months, the stock has achieved a cumulative rise of 69.06%, and it sits closer to its 52-week high than its low, signaling underlying potential for price recovery.
Diving deeper into momentum indicators, the Relative Strength Index (RSI) is currently at 35.42, positioning the stock within neutral territory with neither overbought nor oversold conditions clearly established. Meanwhile, the Moving Average Convergence Divergence (MACD) is found below its signal line, indicating prevailing bearish momentum. The combination of neutral RSI and bearish MACD reflects a stock in a state of indecision among market participants.
Market technical analysis further highlights critical price levels, identifying $7.50 as key support and $10.00 as resistance. These thresholds could serve as important markers for potential price fluctuations in the near term.
Investor anticipation is mounting ahead of QuantumScape's formal earnings report, scheduled for February 11, 2026. Analyst forecasts predict an earnings per share (EPS) loss of 17 cents, which reflects an improvement compared to the previous year's loss of 22 cents.
Analyst sentiment remains cautiously balanced with a consensus Hold rating and an average price target near $7.82. Several notable recent analyst movements provide further color on expectations: Morgan Stanley initiated coverage with an Equal-Weight rating and a target price of $12.00 as of December 8, 2025; Evercore ISI Group downgraded the stock to In-Line yet increased its price target to $12.00 on November 24, 2025; and HSBC lowered their rating to Reduce while raising their target to $10.50 on November 19, 2025. This spectrum of opinions underscores a degree of uncertainty regarding near-term performance but acknowledges potential value appreciation.
Reflecting this optimism, QuantumScape's stock price rose by 9.09% to $9.24 in premarket trading on Monday, following a strong close at $8.47 on the preceding Friday, which itself had been a 9.15% gain.
Overall, this upward price movement comes amid the company's proactive efforts in solid-state battery manufacturing scale-up, juxtaposed with cautious analyst outlooks and mixed technical signals. As the market awaits the upcoming quarterly earnings report, investors will likely weigh the company's production achievements alongside financial performance to determine future sentiment.