Amprius upgraded to Outperform from Market Perform at William Blair

William Blair upgraded Amprius Technologies (AMPX) to Outperform from Market Perform without a price target The firm says the company’s top customers will be beneficiaries of the Trump administration’s mission to develop a domestic drone industry. In addition, the foreign entities of concern risks from Amprius’ China-based contract manufacturing are now removed as the company is bringing South Korea online by year-end, the analyst tells investors in a research note. William Blair believes the company is just starting to convert evaluations into large purchase orders and the stock’s momentum will continue.