Amprius Technologies Inc. logo

Amprius Technologies Inc.(AMPX)

upturn advisory logo
ADVISORIES YOU CAN VERIFY
QUALITY SIGNAL
3-STAR RATING
PASS
LAST CLOSE
$9.1
09/16/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
  • ALL
  • 1Y
  • 1M
  • 1W
  • BUY Advisory
  • SELL Advisory (Profit)
  • SELL Advisory (Loss)
  • Profit
  • Loss
  • PASS (Skip)
Upturn Stock price based on last close iconStock price based on last close

Advisory Performance History (Simulated)Advisory Performance History info

Upturn Advisory & Investor View for AMPX

09/16/2026: AMPX (3-star) is currently NOT-A-BUY. Pass it for now.

Amprius Technologies is a specialized developer of high-energy-density batteries using unique silicon-nanowire anode technology. The company stands out for its success in high-barrier aerospace and defense markets, where its performance-critical batteries offer a clear technical advantage. Its primary growth opportunity lies in scaling production to serve emerging aviation sectors like eVTOLs and drones. However, significant execution risks remain, particularly regarding the ability to scale manufacturing profitably and the competitive pressure from other next-generation battery developers. The stock is best suited for growth-oriented investors with a high risk tolerance, who should closely monitor production facility milestones and the securing of large-scale commercial supply contracts.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorMixed fitThe company offers exposure to disruptive battery tech but carries the execution risks inherent in early-stage manufacturing.
Momentum investorStrong fit while signal remains positiveThe stock often reacts strongly to technology milestones and government contract announcements.
Value investorWeak fitAs a pre-profit, high-capex company, it lacks the earnings history required for value investing.
Dividend investorWeak fitNo dividends are paid, nor are they expected in the near future.
Low-risk investorWeak fitHigh volatility and operational uncertainty make this unsuitable for risk-averse portfolios.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityHighSpeculative nature of the industry leads to significant daily price swings.
Valuation riskHighValuations are highly dependent on future growth assumptions rather than current earnings.
Competition risk (Battery tech)Medium / highNumerous well-funded startups are chasing the same high-density battery milestones.
Business qualityMediumTechnology is proprietary, but commercialization at scale remains unproven.
Dividend incomeLow / noneThe company focuses entirely on growth and capital preservation.
Execution riskHighSuccessfully moving from lab to mass manufacturing is a primary hurdle.

Price Behavior

Rolling Over
PRICE PATH

Rolling Over

The price momentum is slowing down and beginning to turn downward.

Extreme Price Shocks
PRICE STABILITY

Extreme Price Shocks

The stock has experienced exceptionally large and disruptive price movements during the period.

Analysis of Past Performance

Type Stock
Historic Profit 224.41%
Avg. Invested days 26
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 3.0
Stock Returns Performance Upturn Returns Performance icon 5.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 09/16/2026

Upturn Scorecard

Upturn Star Rating

AMPX receives a 3-star rating, supported by solid analyst coverage. The rating is constrained by weak unit economics, soft quantitative characteristics, and weak price momentum.

Company Fundamentals

AMPX has moderate overall fundamentals (3 stars), with soft financial health, solid growth momentum, and solid ownership. In FY2025 versus FY2024, moderate earnings growth (+1.4%) and strong revenue growth (+202.1%) are partially offset by soft cash generation (FCF margin -48.7%), soft profitability (net margin -60.3%), modest insider ownership of 4.36%.

Financial Health Rating

AMPX's financial health is supported by solid liquidity, including working-capital and asset support (WC/assets 69.2%). Profitability is weak (1 stars), which helps explain the 2-star overall score.

Growth Momentum Score

Revenue growth is AMPX's strongest growth driver at +202.1% FY2025 versus FY2024 (strong, 5 stars). By comparison, while earnings growth (+1.4%, moderate) and free-cash-flow growth (+2.8%, moderate) hold the profile back, so recent growth is not broad-based across the business.

Ownership

Institutional ownership is 69.6% and approximately 97.5% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership of 4.36% provides only moderate management-shareholder alignment.

Top 5 Institutional Investors

BlackRock Inc 6.32%
Vanguard Capital Management, LLC 3.36%
Two Sigma Investments LLC 2.96%
Jane Street Group LLC 2.85%
Driehaus Capital Management LLC 2.60%

Unit Economics (Per $1K Revenue)

AMPX generates approximately $113 of gross profit, $-639 of operating income, and $-487 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Strong cash conversion and healthy margins support the rating, although capital efficiency remains below the highest tier.

Economic Dimensions

Effective Tax Rate: 0.00%

Quantitative Style Profile

AMPX has a liquid profile. Weak momentum is the primary drawback, while valuation that is moderately attractive rather than deeply discounted.

Style Classification

Quality Focused

High VolatilitySmall / Mid Cap RiskShort Squeeze RiskHighly Liquid / Institution-Friendly

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 1.33B USD
Price to earnings Ratio -
1Y Target Price 23
Price to earnings Ratio -
1Y Target Price 23
Volume (30-day avg) 5.2M shares
Beta 2.34
52 Weeks Range 7.71 - 24.23
Updated Date 09/16/2026
52 Weeks Range 7.71 - 24.23
Updated Date 09/16/2026
Dividends yield (FY) -
Basic EPS (TTM) -0.29

How Company Makes Money

Business areaWhat it includesRetail investor read
Battery Cell SalesRevenue from sales of silicon-nanowire cells for drones, aerospace, and defense partners.The company sells specialized high-performance batteries, mostly to custom, high-value industry clients.
Strategic ProgramsContract-based revenue for battery development and testing programs.The company receives payments for R&D and developing custom solutions for major partners.

Analyzing Revenue: Products, Geography and Growth

Revenue by Geography

Geography revenue - Year on Year

Advertisement

Valuation

Trailing PE -
Forward PE 151.52
Enterprise Value 1.27B
Price to Sales(TTM) 12.17
Enterprise Value 1.27B
Price to Sales(TTM) 12.17
Enterprise Value to Revenue 11.74
Enterprise Value to EBITDA -34.49
Shares Outstanding 146.08M
Shares Floating 142.36M
Shares Outstanding 146.08M
Shares Floating 142.36M
Percent Insiders 4.36
Percent Institutions 69.56

Icon representing Upturn AI-generated SWOT analysis summary Upturn AI Summary

Information icon for Upturn AI Summarization accuracy disclaimer AI Summarization is directionally correct and might not be accurate.

Information icon for Upturn AI Summarization data freshness disclaimer Summarized information shown could be a few years old and not current.

Information icon warning about Upturn AI Fundamental Rating based on potentially old data Fundamental Rating based on AI could be based on old data.

Information icon warning about potential inaccuracies or hallucinations in Upturn AI-generated summaries AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

About Amprius Technologies Inc.

Exchange NYSE
Headquarters Fremont, CA, United States
IPO Launch date 2022-09-15
CEO, President & Director Mr. Thomas Michael Stepien
Sector Industrials
Industry Electrical Equipment & Parts
Full time employees 97
Full time employees 97

Amprius Technologies, Inc. develops, manufactures, and markets lithium-ion batteries for mobility applications. The company provides silicon anode lithium-ion batteries under the SiCore and SiMaxx product platforms. Its batteries are primarily used for existing and emerging aviation applications, including unmanned aerial systems, such as drones and high-altitude pseudo satellites. The company was founded in 2008 and is headquartered in Fremont, California.