Northland Doubles Amprius Technologies (AMPX) PT to $20 Following New CFO Appointment

Core Insights - Amprius Technologies Inc. has been identified as a promising investment opportunity, with Northland raising its price target from $10 to $20 following the appointment of a new CFO, Ricardo Rodriguez, who is expected to facilitate the company's anticipated growth [1][3]. Financial Performance - In Q2, Amprius Technologies reported sales of $15.1 million, marking a 34% sequential increase and a 350% year-over-year growth [3]. - The company achieved positive gross margins for the first time, attributed to the success of its Cyorp product, which has consistently maintained positive gross margins since its launch [3]. Customer Base and Growth Potential - Amprius has over 320 customers, with expectations for a sequential revenue increase in Q3 2025 as more customers transition from qualification to placing production orders [2]. - In Q2, the company shipped to 93 customers, 43 of which were new to the platform, indicating significant customer expansion [3]. Product Offering - Amprius Technologies specializes in developing, manufacturing, and marketing lithium-ion batteries for mobility applications, offering silicon anode lithium-ion batteries under the SiCore and SiMaxx product platforms [4].