Oppenheimer raised the firm’s price target on Amprius Technologies (AMPX) to $17 from $15 and keeps an Outperform rating on the shares. The firm notes the company posted upside across metrics. Oppenheimer continues to believe Amprius is in process of enjoying a significant revenue inflection with its products delivering clear industry leading gravimetric density, while offering the widest operating temperature range to enable high-altitude applications. The firm is also encouraged by recent awards with U.S. Department of Defense for expanding electrode capacity in Fremont and Amazon’s (AMZN) Climate Tech Accelerator.
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