Amprius Technologies (NYSE:AMPX) Earns Buy Rating from HC Wainwright

Amprius Technologies (NYSE:AMPX)‘s stock had its “buy” rating reaffirmed by investment analysts at HC Wainwright in a note issued to investors on Tuesday, Marketbeat.com reports. They currently have a $18.00 price objective on the stock. HC Wainwright’s target price indicates a potential upside of 87.83% from the stock’s current price.

A number of other equities analysts also recently commented on AMPX. Zacks Research raised shares of Amprius Technologies from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 4th. Weiss Ratings restated a “sell (e+)” rating on shares of Amprius Technologies in a research note on Friday, July 17th. JonesTrading began coverage on Amprius Technologies in a report on Friday, July 10th. They set a “buy” rating and a $30.00 target price on the stock. Finally, Clear Str initiated coverage on shares of Amprius Technologies in a research report on Tuesday, June 2nd. They issued a “strong-buy” rating and a $33.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $22.50.

Amprius Technologies Trading Down 1.7%

Shares of AMPX opened at $9.58 on Tuesday. The firm has a market capitalization of $1.36 billion, a P/E ratio of -33.04 and a beta of 2.33. The stock’s fifty day simple moving average is $10.19 and its 200 day simple moving average is $14.49. Amprius Technologies has a twelve month low of $7.71 and a twelve month high of $24.23.

Insider Buying and Selling

In other Amprius Technologies news, CEO Thomas Stepien sold 8,000 shares of the company’s stock in a transaction that occurred 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 directly 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 dated Friday, August 21st. The shares were sold at an average price of $10.34, for a total value of $642,124.34. Following the transaction, the director directly owned 1,218,397 shares of the company’s stock, valued at $12,598,224.98. This represents a 4.85% decrease in their position. 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 have sold a total of 123,311 shares of company stock valued at $1,272,556 over the last quarter. Corporate insiders own 5.10% of the company’s stock.

Institutional Investors Weigh In On Amprius Technologies

Hedge funds have recently modified their holdings of the stock. Tidal Investments LLC increased its stake in Amprius Technologies by 50.1% in the 2nd quarter. Tidal Investments LLC now owns 30,975 shares of the company’s stock worth $429,000 after purchasing an additional 10,343 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new position in shares of Amprius Technologies in the second quarter worth about $92,000. Allworth Financial LP increased its position in shares of Amprius Technologies by 1,150.6% in the second quarter. Allworth Financial LP now owns 4,527 shares of the company’s stock worth $63,000 after acquiring an additional 4,165 shares in the last quarter. Arizona State Retirement System increased its position in shares of Amprius Technologies by 5.4% in the second quarter. Arizona State Retirement System now owns 34,027 shares of the company’s stock worth $472,000 after acquiring an additional 1,743 shares in the last quarter. Finally, Nykredit A S purchased a new stake in shares of Amprius Technologies in the 2nd quarter valued at approximately $79,000. 5.04% of the stock is owned by hedge funds and other institutional investors.

Amprius Technologies News Summary

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

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.