Amprius Technologies (NYSE:AMPX – Get Free Report)‘s stock had its “buy” rating reissued by investment analysts at HC Wainwright in a report issued on Tuesday, MarketBeat.com reports. They currently have a $18.00 price target on the stock. HC Wainwright’s price target points to a potential upside of 88.90% from the stock’s previous close.
Other analysts have also issued reports about the stock. JonesTrading started coverage on shares of Amprius Technologies in a research note on Friday, July 10th. They issued a “buy” rating and a $30.00 price target for the company. Weiss Ratings restated a “sell (e+)” rating on shares of Amprius Technologies in a research report on Friday, July 17th. Clear Str assumed coverage on shares of Amprius Technologies in a research report on Tuesday, June 2nd. They set a “strong-buy” rating and a $33.00 target price for the company. Finally, Zacks Research raised shares of Amprius Technologies from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $22.09.
Get Our Latest Stock Analysis on AMPX
Amprius Technologies Price Performance
Insider Buying and Selling at Amprius Technologies
In other Amprius Technologies news, CEO Thomas M. Stepien sold 8,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer directly 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 filing with the SEC, which can be accessed 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 the firm’s stock in a transaction that occurred 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 sale, the director directly owned 1,218,397 shares in the company, valued at $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. Over the last ninety days, insiders sold 123,311 shares of company stock valued at $1,272,556. 5.10% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Amprius Technologies
A number of institutional investors have recently added to or reduced their stakes in the stock. TD Waterhouse Canada Inc. lifted its holdings in Amprius Technologies by 355.6% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 2,105 shares of the company’s stock valued at $29,000 after purchasing an additional 1,643 shares in the last quarter. Arizona State Retirement System raised its holdings 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 period. KBC Group NV acquired a new position in Amprius Technologies in the 1st quarter valued at about $57,000. Corient Private Wealth LP grew its position in Amprius Technologies by 22.3% in the 2nd quarter. Corient Private Wealth LP now owns 19,573 shares of the company’s stock valued at $271,000 after acquiring an additional 3,574 shares in the last quarter. Finally, State of Wyoming grew its position in Amprius Technologies by 155.2% in the 1st quarter. State of Wyoming now owns 6,041 shares of the company’s stock valued at $102,000 after acquiring an additional 3,674 shares in the last quarter. Institutional investors and hedge funds own 5.04% of the company’s stock.
More Amprius Technologies News
Here are the key news stories impacting Amprius Technologies this week:
- Positive Sentiment: Amprius was awarded 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 U.S. electric-vehicle battery production line to manufacture high-energy-density cells for Group 1-3 unmanned aerial systems. U.S. Awards Amprius Up to $75 Million to Expand Domestic Drone Battery Production
- Positive Sentiment: The grant could substantially reduce Amprius’ capital burden while expanding its access to defense and drone markets. The planned facility is intended to eventually produce up to 12 million cells annually, supporting demand for batteries that offer greater energy density, range and payload capacity. Amprius Secures $75 Million Grant
- Positive Sentiment: H.C. Wainwright reaffirmed its Buy rating and set an $18 price target, implying substantial upside from recent trading levels. The view reinforces expectations that government-backed production and anticipated revenue growth could accelerate Amprius’ path toward profitability. H.C. Wainwright Reiterates Buy Rating on Amprius Technologies
- Neutral Sentiment: Additional grant funding depends on milestones including facility retrofitting, partner contributions, NDAA compliance, operational startup and production ramp-up. Investors may therefore focus on execution updates and the company’s expected early-November third-quarter earnings report.
- Negative Sentiment: The new production line will be operated through a manufacturing partner rather than owned outright by Amprius, leaving the company exposed to scaling delays, certification issues and slower-than-expected commercialization. These risks may explain why the stock has eased despite the favorable grant announcement.
About Amprius Technologies
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.
Featured Articles
- Five stocks we like better than Amprius Technologies
- CarMax Just Gave Investors a Better Reason to Believe in the Turnaround
- CoreWeave Comes With Risks: Analysts Split on What Matters Most
- Bottlenecking the Future: TSMC Prices Out the Competition
- Fervo Energy Hits Geothermal Milestone: Will It Matter For The Stock?
Receive News & Ratings for Amprius Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amprius Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
