Amprius Technologies initiated with bullish view at Alliance Global Partners, here’s why

Alliance Global Partners analyst Jeff Grampp initiated coverage of Amprius Technologies with a Buy rating and $10 price target. Amprius has developed a “game changing” silicon anode battery technology with superior energy and power density compared to traditional graphite anodes and established commercial production in the U.S., the analyst tells investors. Amprius’ two core current target markets, UAS and air transportation, are “perhaps not garnering as much attention as batteries for passenger EVs and stationary energy storage,” but are still a sizable market and one that its breakthrough solution “seems purpose-built to serve,” the analyst added.