Kensington Capital Acquisition Corp. II is primarely in the business of blank checks. But then, on Sept. 3, traders went ballistic when Kensington Capital announced that it was merging with QuantumScape. The single most important factor in a company's success is the team that's leading the company, Why Kensington Capital Stock Is Charging Higher Today, SPACs Are in a Bubble, but These 3 Stocks Will Make It Through, Forget Tesla's Battery Day, These EV Stories Are More Important, Why Bloom Energy, Sunrun, and Kensington Capital Acquisition Stocks Are All Down Today, Why 3 Electric Vehicle Stocks Collapsed Today, 3 Surprising Ways You Can Play the Electric-Vehicle Revolution, Copyright, Trademark and Patent Information. Why? Kensington Capital (NYSE: KCAC) is one of the more intriguing growth stocks in the market right now.Even by the standards of an electric vehicle sector that has an obvious and massive opportunity, Kensington Capital stock has potentially explosive upside. On the date of publication, David Moadel did not have (either directly or indirectly) any positions in the securities mentioned in this article. Better Batteries In this video, I provide a timely assessment of Kensington Capital Acquisition Corporation (KCAC) stock. What really sets QuantumScape’s state-of-the-art battery apart is that, according to the company, this battery could potentially increase the distance electric vehicles can travel on a single charge by 50%. © 2021 Verizon Media. November 13, 2020 3:56 pm . Eventually, Kensington Capital stock will perform its reverse merger with QuantumScape, a battery startup that Gates backs. Here are three companies we're watching closely. Big Cap Pro. There’s risk involved, sure, but the potential for disruption – and for upside in KCAC stock – is considerable. Kensington Capital shares are on a tear in the wake of today’s development. The company’s stock price has collected 5.02% of gains in the last five trading sessions. Top Stock Picker Reveals His Next 1,000% Winner Read More » Kensington Announces the Appointment of Jeffrey Pike as Senior Vice-President. Kensington Capital Stock Is Pursuing Scientific Perfection Arguably, before Tesla (NASDAQ: TSLA ) came along, not too many folks appreciated Nikola Tesla the scientist. Follow KCAC.U. Among them is Kensington Capital (NYSE:KCAC), a blank-check company that merged with QuantumScape. It’s a “picks and shovels” type of play with powerful upside potential, even if the share price has already doubled. Kensington Capital Acquisition II is a newly organized, blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Shares of Kensington were up more than 50% during trading Thursday morning to more than $15. A high-level overview of Kensington Capital Acquisition Corp. II Units (KCAC.U) stock. As an investment, KCAC stock is really still in the early innings. But from mid-September, it’s off 21%. The Upside for Kensington Capital Stock Is North of 50% InvestorPlace's Mark Hake argues that based on 2027 revenues, Kensington Capital stock is worth $18.70 a share. Powered by QuantumScape’s batteries, Volkswagen’s electric vehicle offerings could set the standard for the industry. Find the latest Kensington Capital Acquisition Corp. (KCACU) stock quote, history, news and other vital information to help you with your stock trading and investing. Source: Tada Images / Shutterstock.com QuantumScape Corporation ("QuantumScape"), a leader in the development of next generation solid-state lithium-metal batteries for use in electric vehicles, announced today that it has completed its business combination with Kensington Capital Acquisition Corp. ("Kensington") (NYSE: KCAC), a special purpose acquisition company. Die Aktien sollen an der New York Stock Exchange unter dem Kürzel “QS” gehandelt werden. Kensington Capital … Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools. $67.09. Kensington Capital Partners (“Kensington” or the “Company) is pleased to announce the sale of Prodomax Automation Ltd., a ... Rick Nathan, Co-Chair of CIX – The Canadian Innovation Exchange opens the Toronto Stock Exchange. InvestorPlace contributor Chris Markoch perfectly summed up the importance of QuantumScape’s product offerings when he wrote, “… lithium-ion batteries are the Achilles heel of the EV revolution. Subscribe to Premium to view Fair Value for KCAC-UN. The implied value of the combined company, which will list on the New York Stock … 10.96 0.00 (0.0%) Upgrade to Real-Time Regular Market . United States Westbury, NY 11590 Consider instead investing in the companies that supply them. Date Posted: November 10, 2011. The post Revolutionize Your EV-Niche Portfolio with Kensington Capital appeared first on InvestorPlace. The SPAC is near completion of its deal to merge with a next-generation battery maker. As an illustration, the stock is currently up a whopping 54.10 percent in … The timeline for KCAC has been fairly quick, but QuantumScape’s been around for a while. But at the end of the day, they’ll all need efficient lithium batteries. Training wheels, anyone? In fact, it’s not in the business of selling cars and trying to compete with Tesla (NASDAQ:TSLA) or Nio (NYSE:NIO). At the current Kensington Capital stock price, and accounting for the fact that the capital being raised will be spent in the next few years, QuantumScape is valued at less than $7 billion. Market data powered by FactSet and Web Financial Group. By this, I mean that QuantumScape provides something that all electric-car companies will need rather than the cars themselves. Each unit consists of one share of common stock and one-fourth of a warrant, exercisable at $11.50. Our focus will be on the North American automotive and automotive-related sector. Currency in USD, Trade prices are not sourced from all markets. And that heel will only get more exposed as demand for electric vehicles increases.” Not sure who wins among electric-vehicle competitors? Capital Markets, 1400 Old Country Road Suite 301 Why Kensington Capital Stock Is Charging Higher Today Lou Whiteman | Nov 13, 2020 The SPAC is near completion of its deal to merge with a next-generation battery maker. Here are three that will survive the shakeout. Fueling the Revolution Kensington Capital Acquisition Corp. II operates as a blank check company. This means the securities are negotiable only by First Southwest Company, and can be mailed safely. How do I endorse stock certificates over to Kensington Capital to open an account? Real-Time Alerts for Volume Breakouts, Highs and Lows for NYSE, NASDAQ, Amex, OTC Markets and OTCBB. There's a lot of news these days concerning electric vehicles. Sector: The KCAC share price didn’t immediately shoot to the moon. Beginning on November 27, 2020, QuantumScape shares will trade on the NYSE under the ticker symbol "QS" and its warrants will trade on the NYSE under the ticker symbol "QS.W". QuantumScape Corporation ("QuantumScape"), a leader in the development of next generation solid-state lithium-metal batteries for use in electric vehicles (EVs), announced today that it will be providing a first look at its solid-state electric vehicle battery technology at its "Solid-State Battery Showcase" on December 8, 2020, at 11am ET. Free trial. The event can be accessed via the following link: quantumscape.com/livestream. The SPAC, or blank-check company, is acquiring privately held QuantumScape. Since pulling out of the garage in September, Kensington Capital stock has shot up 48%; it trades at $14.76 per share. Financials Kensington Capital Stock and High-Energy Hype Why Everyone Is Investing in 5G All WRONG But the question is, what’s special about this company? The SEC chair's comments may be weighing on energy tech stocks. On June 25 of this year, Kensington Capital announced that it would price its initial public offering (IPO) at $10 per unit, with 20 million of those units to be sold. Here's why he's right. If you are looking for stocks with good return, Kensington Capital Acquisition Corp II - Units (1 Ord Class A & 1/4 Wa can be a profitable investment option. Given that QuantumScape trades in a brand-new technology, that question isn’t the easiest to answer. 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