Amprius Technologies price target raised to $6 from $5 at B. Riley

B. Riley raised the firm’s price target on Amprius Technologies (AMPX) to $6 from $5 and keeps a Buy rating on the shares. Amprius’s Q4 revenue beat the Street’s estimate, while gross margin was (21.2%) vs. (64.9%) in Q3, the analyst tells investors in a research note. Management continues to monitor larger industry dynamics impacting its ability to proceed further in Colorado, and the company plans to further expand contract manufacturing capacity in 2025 without deploying additional capital, the firm says.