Amprius Technologies initiated with a Buy at Roth MKM

Roth MKM initiated coverage of Amprius Technologies with a Buy rating and $10 price target. The firm expects the stock’s outperformance will hinge upon management’s ability to transition to high-volume manufacturing. The analyst expects demand for the company’s leading energy-density solutions to grow significantly in the coming years. Roth also sees potential for numerous catalysts ahead of the gigafactory build-out, including achievement of key milestones, potential additions to management, and new product, customer and partnership announcements.