Amprius Technologies (NYSE:AMPX – Get Free Report)‘s stock had its “buy” rating reaffirmed by investment analysts at HC Wainwright in a report issued on Tuesday, Marketbeat Ratings reports. They presently have a $18.00 target price on the stock. HC Wainwright’s price target points to a potential upside of 88.38% from the stock’s current price.
A number of other equities analysts have also commented on AMPX. Zacks Research raised shares of Amprius Technologies from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 4th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Amprius Technologies in a research report on Friday, July 17th. Clear Str started coverage on Amprius Technologies in a research report on Tuesday, June 2nd. They set a “strong-buy” rating and a $33.00 price target on the stock. Finally, JonesTrading initiated coverage on Amprius Technologies in a research note on Friday, July 10th. They set a “buy” rating and a $30.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Amprius Technologies currently has an average rating of “Moderate Buy” and an average price target of $22.09.
Get Our Latest Analysis on AMPX
Amprius Technologies Stock Down 0.5%
Insider Activity
In related news, CEO Thomas Stepien sold 8,000 shares of the stock in a transaction on Monday, August 24th. The shares were sold at an average price of $10.03, for a total transaction of $80,240.00. Following the transaction, the chief executive officer owned 594,096 shares of the company’s stock, valued at approximately $5,958,782.88. This trade represents a 1.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Kang Sun sold 62,101 shares of Amprius Technologies stock in a transaction on Friday, August 21st. The stock was sold at an average price of $10.34, for a total transaction of $642,124.34. Following the completion of the transaction, the director owned 1,218,397 shares in the company, valued at approximately $12,598,224.98. The trade was a 4.85% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 123,311 shares of company stock valued at $1,272,556. Corporate insiders own 5.10% of the company’s stock.
Institutional Investors Weigh In On Amprius Technologies
Several institutional investors have recently bought and sold shares of AMPX. Tidal Investments LLC boosted its stake in shares of Amprius Technologies by 50.1% during the second quarter. Tidal Investments LLC now owns 30,975 shares of the company’s stock valued at $429,000 after purchasing an additional 10,343 shares during the period. Integrated Wealth Concepts LLC bought a new stake in Amprius Technologies during the 2nd quarter valued at $92,000. Allworth Financial LP boosted its position in Amprius Technologies by 1,150.6% during the 2nd quarter. Allworth Financial LP now owns 4,527 shares of the company’s stock valued at $63,000 after buying an additional 4,165 shares during the period. Arizona State Retirement System boosted its position in Amprius Technologies by 5.4% during the 2nd quarter. Arizona State Retirement System now owns 34,027 shares of the company’s stock valued at $472,000 after buying an additional 1,743 shares during the period. Finally, Nykredit A S bought a new stake in Amprius Technologies in the 2nd quarter worth $79,000. 5.04% of the stock is currently owned by hedge funds and other institutional investors.
Amprius Technologies News Roundup
Here are the key news stories impacting Amprius Technologies this week:
- Positive Sentiment: Amprius was awarded a grant of up to $75 million through the U.S. Department of War’s Industrial Base Analysis and Sustainment program. The funding will help retrofit an existing domestic EV-battery production line to manufacture high-energy-density cells for unmanned aerial systems, strengthening Amprius’ position as a potential U.S. defense supplier. Amprius Secures $75 Million Grant for American High-Energy Density Battery Production
- Positive Sentiment: The project is expected to support production for Group 1–3 drones and could ultimately reach approximately 12 million cells annually. Because the grant helps fund capacity expansion and reduces the need for Amprius to bear the full capital cost, investors view it as reducing financing, demand and domestic-manufacturing risks while improving the company’s long-term growth prospects. U.S. Awards Amprius Up to $75 Million to Expand Domestic Drone Battery Production
- Positive Sentiment: H.C. Wainwright reaffirmed its Buy rating and set an $18 price target, indicating substantial potential appreciation from recent trading levels. The target reinforces the bullish interpretation of the defense award and Amprius’ expected battery-market growth. H.C. Wainwright Reiterates Buy Rating on Amprius Technologies
- Neutral Sentiment: Grant proceeds are tied to milestones, including facility conversion, partner contributions, NDAA compliance, startup and production ramp-up. The award is therefore an important validation but is not an immediate, unrestricted cash infusion.
- Negative Sentiment: The principal risk is execution. Amprius must scale production through a contract-manufacturing partner and meet defense certifications and delivery requirements. Delays, cost overruns or weaker-than-expected commercialization could limit the benefit of the grant and keep pressure on the shares.
Amprius Technologies Company Profile
Amprius Technologies, Inc (NYSE: AMPX) develops and manufactures high-performance lithium-ion batteries designed to deliver greater energy density and power than conventional lithium-ion batteries. Its technology uses silicon nanowire anodes in place of traditional graphite anodes, enabling batteries with increased energy storage potential while supporting demanding weight and performance requirements.
The company’s battery products are designed for applications including electric aviation, unmanned aerial systems, aerospace, defense, electric mobility and other specialized markets.
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