Amprius: A Triple-Digit Revenue Growth Story

  • I'm still bullish on Amprius, although I downgraded my strong buy to a buy due to recent price action and the high chance for an equity financing round. I see triple-digit yoy revenue growth in 2025, driven by the remaining part of the $20 million LEV deal and new aerospace orders, including the $15 million UAS contract. I anticipate further contract wins this year in the UAS and light EV markets, with a good chance to break the $4 resistance on new deal announcements.