Oppenheimer Maintains Buy on Amprius (AMPX), Next-Gen Battery Story Supports Company Outlook

Amprius Technologies Inc. (NYSE:AMPX) is one of the best multibagger stocks to invest in right now. Amprius’ investment case rests on the company’s silicon nanowire anode, which enables the use of a 100% silicon anode, a technology that was previously considered unattainable in battery design. This breakthrough delivers energy densities of up to 500 watt-hours per kilogram, which far surpass those of conventional graphite batteries.

Its products have several other advantages that could drive outsized growth as demand for next-generation batteries accelerates.

On September 3, Oppenheimer analyst Colin Rusch reiterated a Buy rating on Amprius Technologies Inc. (NYSE:AMPX) with an unchanged price target of $17, implying a potential upside of over 135%.

silicon-anode lithium-ion batteries

This update follows Amprius Technologies Inc.’s (NYSE:AMPX) presentation at ‘The Gateway Conference 2025’, which was organized by Gateway Group during September 3-4. The company highlighted its ability to deliver superior energy and power density compared to conventional batteries, and also announced plans to introduce the enhanced SiCore platform in 2025.

Amprius Technologies Inc.’s (NYSE:AMPX) management said that they target markets where performance outweighs cost, such as aviation, defense, and light electric vehicles. Their clients include Airbus and the U.S. military, with recent momentum supported by a $15 million order from Nordic Wing, a European drone manufacturing company. Its contract manufacturing in Asia provides nearly 2 gigawatts of capacity, while plans for a U.S. partnership are advancing.

Amprius Technologies Inc. (NYSE:AMPX) is a developer and manufacturer of high-energy-density and high-power-density silicon-anode lithium-ion batteries.

While we acknowledge the potential of AMPX to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AMPX and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 10 Most Shorted Stocks Right Now and 10 Best High Beta Stocks To Buy Now.

Disclosure: None. This article is originally published at Insider Monkey.