Amprius Technologies (AMPX): Assessing Valuation After ESAero Partnership and CFO Appointment

Amprius Technologies (AMPX) has caught investor attention after announcing a strategic partnership with ESAero to bring its advanced silicon-anode batteries to unmanned aerial vehicles. The company also named Ricardo C. Rodriguez as its new CFO, marking operational progress.

See our latest analysis for Amprius Technologies.

It has certainly been a big year for Amprius Technologies. After a long period out of the spotlight, the stock has staged a dramatic comeback with a 323.08% year-to-date share price return and a remarkable 845.31% total shareholder return over the past twelve months. That surge reflects growing investor belief in its growth story, especially as recent milestones like its ESAero partnership and new CFO continue to reshape sentiment and build momentum around the company’s advanced battery tech.

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But with this rapid climb, is Amprius now trading below its true potential? Have recent gains already captured all the upside from its breakthrough battery tech and leadership shakeup? Could this be a real buying opportunity, or is future growth already priced in?

Most Popular Narrative: 17.5% Undervalued

The narrative places Amprius Technologies’ fair value estimate well above the last closing price, fueling the ongoing debate about its momentum. This perspective is based on aggressive expectations for revenue growth and operational expansion, creating a bullish outlook on the stock’s potential direction.

Ongoing investment in automation and manufacturing capacity (supported by government contracts like the $10.5M Defense Innovation Unit award) positions Amprius to capture a larger share of future high-margin opportunities in defense and critical infrastructure, enhancing both revenue visibility and earnings stability.

Read the complete narrative.

Curious which bold growth projections are driving this valuation? The core of this estimate is unusually steep profit and revenue increases, combined with a forward-looking profit multiple that exceeds what is typical for industry peers. Want to see the full story and the numbers supporting the optimism? There is more to this narrative than just headlines; explore what could propel Amprius beyond its current price.

Result: Fair Value of $14.67 (UNDERVALUED)

Have a read of the narrative in full and understand what's behind the forecasts.

However, execution challenges as Amprius scales production and intensifying competition in advanced battery technology could still threaten its upbeat outlook.

Find out about the key risks to this Amprius Technologies narrative.

Another View: Market Ratio Reality Check

Looking at Amprius Technologies through the lens of its price-to-sales ratio offers a different perspective. The company's ratio now stands at 33.8x, which is dramatically higher than both the US Electrical industry average of just 2.3x and its peer group at 6.4x. Even compared to the fair ratio of 1.6x, Amprius appears expensive. This substantial gap indicates that much of the anticipated growth is already priced in, increasing valuation risk for new buyers. Has the market run too far, too fast, or will Amprius grow into its lofty multiple?

See what the numbers say about this price — find out in our valuation breakdown.

Build Your Own Amprius Technologies Narrative

If the narratives here don't quite fit your outlook or you prefer hands-on analysis, you can dive into the numbers and craft your own perspective in just minutes. Do it your way

A great starting point for your Amprius Technologies research is our analysis highlighting 1 key reward and 3 important warning signs that could impact your investment decision.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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