Amprius: A Better Entry Point After A 50%+ Decline (Rating Upgrade)

Amprius Technologies is capitalizing on surging drone battery demand, delivering 125.7% YoY revenue growth and improved gross margins. AMPX raised 2026 revenue guidance to at least $140 million and targets $600 million revenue, 30% gross margin, and 20% EBITDA by 2030. Operating leverage is emerging, with EBITDA break-even expected imminently and a strong $74.5 million cash position supporting growth. Valuation is now more attractive after a 50% pullback; I am a buyer near $10, seeing significant upside as NDAA compliance unlocks US market potential.

Amprius Technologies, Inc. (AMPX) has seen its stock fluctuate significantly year to date. This volatility comes with the current status of the company and where it is positioned in the market. It is a small-cap stock.