QuantumScape Corporation (NYSE:QS) extended its stock rally to a sixth consecutive day on Tuesday, fueled by strong investor confidence ahead of its upcoming second-quarter earnings report.
During intraday trading, shares surged to a new 52-week high of $11.15 before settling to close at $10.85, a gain of 7.96% for the day.
The surge in investor interest comes as the company prepares to release its second-quarter financial results after the market closes on July 23. A conference call is scheduled for 5:00 PM Eastern Time to discuss the performance. In anticipation of the event, QuantumScape has been soliciting questions from its shareholders to be addressed during the call.
Earlier this year, the company provided its financial outlook, projecting a budget between $45 million and $75 million and reiterating an expected adjusted EBITDA loss in the range of $250 million to $280 million.
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