Amprius Technologies: Is the Stock Charged for 100% Upside in 2025?
2025.01.08 10:32
Numerous indications, including Amprius Technologies (NYSE:) results, ramping capacity, growing pipeline, analysts’ sentiment, and price action, suggest this stock could rise by triple digits in 2025.
Amprius Technologies is a next-gen lithium-ion battery manufacturer with an industry-leading silicon-anode architecture that is gaining traction. Traction is seen in the growing number of customers, up a quadruple amount in FQ3 2024, and in new deals.
Amprius Gains Traction With Industry Leaders in Mobility and Aerospace
The latest news from Amprius includes a letter of intent (LOI) to supply 2 Gwh of power capability for a Fortune 500 company and a contract worth $20 million. The new contract is with an unnamed LEV manufacturer, an industry for which silicon-anode batteries are well-suited. They proved higher energy density and discharge, allowing lower-weight batteries, better acceleration, quicker charging, and longer use. The LOI with the Fortune 500 company is the second of its kind and is expected to lead to a longer-term supply agreement.
Among the significant details is that 100% of the revenue from the LEV contract will be recognized in the first half, equal to 35% of the entire year’s earnings consensus reported by MarketBeat. This isn’t the only business Amprius does. Much of its business is with the aerospace industry, and demand is growing.
Amprius batteries are used in everything from unmanned aircraft to drones and eVTOL. Customers include Airbus, AeroVironment (NASDAQ:), Teledyne Technologies (NYSE:), and BAE Systems. In Q3, the company engaged with 53 new clients and can deliver. The company’s manufacturing footprint includes the Freemont facility, which is ramping production, numerous Asian-based partners, and plans to build a gigafactory in Colorado. Plans for it are nearing completion.
Analysts Catalyze an Upswing in Amprius Technologies Stock Price
Analysts helped to catalyze the upswing in Amprius Technologies stock price following the Q3 results. The activity includes an upgrade to Buy and a reiterated price target that increased the conviction level indicated by the data. 100% of the eight analysts following this company rate its stock as a Buy, and they view it as a deep value, trading beneath the low end of the target range. A move to the low-end range of $4.00 is likely, given the price action in December and the first week of January; a move to the consensus is worth 100% upside from that level and will likely be reached by mid-year, if not sooner, because of technical market strength.
Market strength is aided by institutional activity. The institutions own a small 5% of the company but have begun to buy the stock more aggressively. Their activity ramped higher in Q3 and Q4 2025, outpacing selling by more than 4-to-1, and will likely remain strong due to the business outlook. Amprius is expected to grow revenue more than 3x in 2025, 4x in 2026, and then double it periodically over the next decade. Profitability is expected by 2028, and the forecasts are likely cautious.
Amprius Technologies Is in a Strong Technical Reversal
Amprius Technologies hit bottom in September 2024 and is now in a strong technical reversal. The bottom is a Head & Shoulders with a gap in the right shoulder, providing strong resistance targets blown away by the upswing. The upswing also blew through the pattern neckline, driven by rising volume that indicates a strengthening market. The volume increases, and spikes converge with the rallies and technical indicators like MACD and stochastic, showing bulls firmly in control.
The MACD is particularly interesting because it shows momentum is rising, convergent with the price action, and at a multi-year extreme, another sign of market strength. The $4.00 target will likely be reached soon; the next target is $4.45 and could be reached by February. The critical resistance target is near $5.25; a move above it opens the door to the $10 level. 
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