Amprius Technologies price target raised to $20 from $16 at Cantor Fitzgerald

Cantor Fitzgerald raised the firm’s price target on Amprius Technologies (AMPX) to $20 from $16 and keeps an Overweight rating on the shares. Amprius’ outlook is improving as the company continues to execute against a growing demand pipeline, the analyst tells investors in a research note. Strong demand for its SiCore battery technology and access to roughly $600M in cell manufacturing capacity support expectations for accelerating customer re-orders and growth through 2030, the firm says.