Amprius Technologies’ (AMPX) “Buy” Rating Reaffirmed at HC Wainwright

Amprius Technologies (NYSE:AMPX)‘s stock had its “buy” rating reissued by HC Wainwright in a report issued on Tuesday, Benzinga reports. They currently have a $18.00 price target on the stock. HC Wainwright’s price target points to a potential upside of 87.83% from the company’s previous close.

Other research analysts have also issued research reports about the stock. Weiss Ratings restated a “sell (e+)” rating on shares of Amprius Technologies in a research note on Friday, July 17th. Zacks Research raised shares of Amprius Technologies from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 4th. JonesTrading started coverage on Amprius Technologies in a research report on Friday, July 10th. They issued a “buy” rating and a $30.00 price objective for the company. Finally, Clear Str assumed coverage on Amprius Technologies in a research report on Tuesday, June 2nd. They set a “strong-buy” rating and a $33.00 price objective on the stock. One investment 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 given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $22.50.

Amprius Technologies Price Performance

AMPX opened at $9.58 on Tuesday. The company has a market capitalization of $1.36 billion, a PE ratio of -33.04 and a beta of 2.33. Amprius Technologies has a fifty-two week low of $7.71 and a fifty-two week high of $24.23. The business has a 50-day moving average of $10.19 and a 200-day moving average of $14.49.

Insiders Place Their Bets

In other Amprius Technologies news, CTO Constantin Stefan sold 29,681 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 $306,901.54. Following the completion of the transaction, the chief technology officer directly owned 771,629 shares of the company’s stock, valued at approximately $7,978,643.86. This trade represents a 3.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Thomas Stepien sold 23,529 shares of Amprius Technologies stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $10.34, for a total transaction of $243,289.86. Following the transaction, the chief executive officer directly owned 602,096 shares of the company’s stock, valued at $6,225,672.64. This represents a 3.76% 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 123,311 shares of company stock worth $1,272,556 over the last three months. 5.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Amprius Technologies

A number of institutional investors have recently modified their holdings of the stock. TD Waterhouse Canada Inc. grew its stake in shares of Amprius Technologies by 355.6% during the second 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 during the last quarter. KBC Group NV bought a new position in Amprius Technologies in the 1st quarter worth approximately $57,000. Allworth Financial LP raised its position in Amprius Technologies by 1,150.6% in the 2nd quarter. Allworth Financial LP now owns 4,527 shares of the company’s stock worth $63,000 after purchasing an additional 4,165 shares during the last quarter. Nykredit A S acquired a new position in Amprius Technologies during the 2nd quarter worth $79,000. Finally, State of Wyoming boosted 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 buying an additional 3,674 shares during the last quarter. 5.04% of the stock is owned by institutional investors.

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.