Amprius Technologies stock rating reiterated by Oppenheimer on manufacturing gains

Investing.com - Oppenheimer maintained its Outperform rating and $15.00 price target on Amprius Technologies (NYSE:AMPX), whose shares have surged 28.68% in the past week and 209.29% year-to-date, following a recent management fireside chat focused on the company’s technology and manufacturing strategy.

The research firm highlighted Amprius’ transition from SiMaxx to SiCore technology as "transformative," noting the company can now achieve similar industry-leading performance while utilizing traditional battery manufacturing lines.

This manufacturing shift enables Amprius to establish contract manufacturing operations across multiple regions while accelerating its path to profitability with reduced capital expenditure requirements, according to Oppenheimer’s analysis.

The firm reported that Amprius can achieve approximately 20% gross margins through contract manufacturers and is targeting positive earnings per share at a quarterly revenue run rate of $40-50 million.

Oppenheimer characterized Amprius as an "underappreciated play on defense spending growth" with additional market opportunities in civilian drones, electric vertical takeoff and landing aircraft, micro-mobility, and autonomous robots.

In other recent news, Amprius Technologies reported its Q1 2025 earnings, showing a net loss of $9.4 million or $0.08 per share, which was better than the expected loss of $0.0913 per share. The company achieved a revenue of $11.3 million, marking a 6% increase quarter-over-quarter and a significant 383% rise year-over-year. Additionally, Amprius was selected for the 2025 cohort of the Amazon (NASDAQ:AMZN) Devices Climate Tech Accelerator, highlighting its innovation potential in reducing carbon footprints. In a strategic move, Amprius partnered with a South Korean manufacturer to enhance its battery production capabilities, focusing on SiCore cells for advanced drones. William Blair upgraded Amprius’s stock rating to Outperform, citing the company’s potential benefits from the growth in the domestic drone industry. At its annual meeting, Amprius shareholders approved the election of two directors and the ratification of BDO USA, P.C. as its independent auditor. These developments underscore Amprius’s efforts in expanding its market presence and strengthening its operational framework.

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