Hunted on Reddit $AMPX
TL;DR:
Amprius Technologies (AMPX) develops advanced EV batteries with 100% silicon anode technology, doubling the performance of standard graphite batteries. Despite poor financials since its 2022 IPO, AMPX has been ramping up production by building factories, with revenue growth starting to show.
• Q3 2024 revenue doubled to $7.86M (up from $3.35M).
• CEO confirmed $20M in contracts by May 2025, potentially tripling revenue YoY.
• Cost savings of $2.9M from factory completion in Colorado.
• Partnerships with major players (Airbus, BAE) and a collaboration with KULR (linked to a recent U.S. Navy contract) could lead to further growth.
Analysts predict stock price growth ($10-$14 targets). AMPX is seen as a potential breakout stock, benefiting from eVTOL and electric vehicle industry momentum.
https://www.reddit.com/r/Shortsqueeze/s/CdSwBDC4Xj