Amprius jumps as Northland more than doubles target, names a 2025 top pick

Northland analyst Ted Jackson raised the firm’s price target on Amprius Technologies (AMPX) to $10 from $4 and keeps an Outperform rating on the shares, which the analyst is designating as a “2025 top pick.” The firm expects full-year 2024 revenue of $21.2M and forecasts FY25 total sales to grow 285% to $81.8M, notes the analyst, who calls Amprius “a high-risk-high-reward play on battery technology.” Amprius shares are up $1.03, or 34%, to $4.06 in Friday morning trading.