Craig-Hallum bullish on Amprius Technologies, initiates with a Buy

As previously reported, Craig-Hallum analyst Eric Stine initiated coverage of Amprius Technologies (AMPX) with a Buy rating and $17 price target The firm believes Amprius has cleared hurdles with its proprietary silicon lithium-ion technology which incorporates a silicon anode as part of an overall battery cell with the end result of superior performance characteristics versus traditional lithium-ion batteries. Importantly, the breakthrough cell is not merely theoretical or at limited scale but rather has already been commercialized and is positioned for mass adoption in markets requiring high energy density and power, lighter weight, rapid charge capabilities, high safety, and the ability to operate over a wider temperature range, Craig-Hallum notes.