QuantumScape Corporation (QS) is having a good Monday. Shares jumped in premarket trading as investors gear up for the company's fourth-quarter 2025 earnings report, which hits Wednesday after the bell.

Production Progress Fuels Optimism

The rally builds on last week's news about the Eagle Line inauguration, a meaningful step forward in QuantumScape's push to commercialize solid-state batteries. On Feb. 5, the company unveiled its newly installed Eagle Line facility in San Jose, built to produce QS battery cells for customer sampling and testing. The facility also demonstrates that the company can scale production to gigawatt-hour levels, which matters if this technology is ever going to move beyond the lab.

What the Charts Say

From a technical perspective, things look complicated. QuantumScape is trading 5.9% below its 20-day simple moving average and 27% below its 100-day SMA, which signals a bearish short-term trend. But zoom out, and the picture gets more interesting: shares are up 69.06% over the past 12 months, and the stock sits closer to its 52-week highs than lows, suggesting there's room for recovery.

The RSI sits at 35.42, which is neutral territory, while the MACD is below its signal line, pointing to bearish pressure. Translation: the momentum is mixed, and the stock seems stuck in an indecisive phase.

Key Support: $7.50

Key Resistance: $10.00

What to Expect Wednesday

QuantumScape Corporation is set to report earnings on Feb. 11, 2026.

• EPS Estimate: Loss of 17 cents (Up from Loss of 22 cents YoY)

Analyst Consensus & Recent Actions: The stock carries a Hold rating with an average price target of $7.82. Recent analyst moves include:

• Morgan Stanley: Initiated with Equal-Weight (Target $12.00) (Dec. 8, 2025)
• Evercore ISI Group: Downgraded to In-Line (Raises Target to $12.00) (Nov. 24, 2025)
• HSBC: Downgraded to Reduce (Raises Target to $10.50) (Nov. 19, 2025)

QS Price Action: QuantumScape shares were up 9.09% at $9.24 during premarket trading on Monday. The stock closed Friday's regular session at $8.47, up 9.15%.