Amprius Technologies transferred with an Outperform at Northland

Northland transferred coverage of Amprius Technologies with an Outperform rating and $12 price target, down from $16. The analyst is more bullish than the firm’s prior covering analyst on the potential for Amprius’ approach to serve as a workaround for longstanding chemistry-based limits in battery innovation, but “less sure” on the need/urgency for scaling this approach to GW-scale on an accelerated timeline.