B. Riley analyst Christopher Souther initiated coverage of Amprius Technologies with a Buy rating and $14 price target. The company’s silicon nanowire anode technology is well positioned as the early battery winner for the electrification of aviation markets, Souther tells investors in a research note. While Amprius has already demonstrated "industry-leading specs," incremental improvements in cell density and cycle life "will continue to present an ongoing positive narrative for the company," says the analyst.
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Published first on TheFly
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