Amprius Technologies (NYSE:AMPX – Get Free Report)‘s stock had its “buy” rating reaffirmed by equities research analysts at HC Wainwright in a research note issued to investors on Tuesday, Benzinga reports. They presently have a $18.00 price target on the stock. HC Wainwright’s target price suggests a potential upside of 87.83% from the stock’s previous close.
Other equities analysts have also issued research reports about the stock. JonesTrading initiated coverage on shares of Amprius Technologies in a report on Friday, July 10th. They issued a “buy” rating and a $30.00 price target on the stock. Zacks Research raised Amprius Technologies from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 4th. Clear Str started coverage on Amprius Technologies in a report on Tuesday, June 2nd. They issued a “strong-buy” rating and a $33.00 target price on the stock. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Amprius Technologies in a research report on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $22.50.
Read Our Latest Research Report on AMPX
Amprius Technologies Stock Performance
Insider Activity at Amprius Technologies
In other news, CEO Thomas M. Stepien sold 8,000 shares of the company’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $10.03, for a total value of $80,240.00. Following the completion of the sale, the chief executive officer owned 594,096 shares in the company, valued at $5,958,782.88. This represents a 1.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CTO Constantin Stefan sold 29,681 shares of the company’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $10.34, for a total value of $306,901.54. Following the transaction, the chief technology officer directly owned 771,629 shares in the company, valued at $7,978,643.86. The trade was a 3.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 123,311 shares of company stock valued at $1,272,556 over the last three months. 5.10% of the stock is owned by insiders.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of AMPX. Tidal Investments LLC raised its holdings in shares of Amprius Technologies by 50.1% in the second quarter. Tidal Investments LLC now owns 30,975 shares of the company’s stock valued at $429,000 after buying an additional 10,343 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new position in shares of Amprius Technologies in the 2nd quarter valued at approximately $92,000. Allworth Financial LP raised its stake in shares of Amprius Technologies by 1,150.6% in the 2nd quarter. Allworth Financial LP now owns 4,527 shares of the company’s stock valued at $63,000 after purchasing an additional 4,165 shares during the period. Arizona State Retirement System increased its stake in Amprius Technologies by 5.4% in 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 last quarter. Finally, Nykredit A S bought a new stake in shares of Amprius Technologies during the 2nd quarter worth approximately $79,000. 5.04% of the stock is currently owned by institutional investors and hedge funds.
Key Amprius Technologies News
Here are the key news stories impacting Amprius Technologies this week:
- Positive Sentiment: The grant will fund the retrofit of an existing U.S. electric-vehicle battery production line to manufacture Amprius’ high-energy-density cells for unmanned aerial systems. The award, provided through the Industrial Base Analysis and Sustainment program, supports domestic battery production and strengthens Amprius’ position in the defense and drone markets. Amprius Secures $75 Million Grant for American High-Energy Density Battery Production
- Positive Sentiment: The funding could help Amprius expand production capacity without bearing the full cost of converting the facility itself, while potentially generating future demand for its silicon-anode, high-energy-density batteries as U.S. defense spending and drone deployment grow. Amprius awarded $75M defense grant for U.S. drone battery production
- Neutral Sentiment: The award is for up to $75 million, so the ultimate funding amount and financial benefit will depend on project milestones and execution. The production line is operated by a South Korean manufacturer, adding implementation considerations despite the U.S.-based manufacturing objective. Amprius Wins $75 Mln U.S. Grant To Reconfigure EV Production Line
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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