What is HC Wainwright's Forecast for AMPX FY2029 Earnings?

Key Points

• HC Wainwright raised its FY2029 EPS estimate for AMPX to $0.39 from $0.35, signaling improved long-term expectations for Amprius Technologies. The firm also projected FY2030 EPS of $0.59.
• Amprius recently beat revenue expectations in its latest quarter, posting $28.54 million in sales versus the $25.72 million estimate, though it still reported a loss of $0.04 per share. Profitability remains a challenge, with negative margins and return on equity.
• Overall analyst sentiment remains constructive, with eight Buy ratings and one Sell and a consensus price target of $19.75. Recent insider selling and share volatility suggest some caution even as longer-term growth optimism continues.

Amprius Technologies, Inc. (NYSE:AMPX - Free Report) - Stock analysts at HC Wainwright increased their FY2029 EPS estimates for Amprius Technologies in a research report issued on Friday, May 8th. HC Wainwright analyst A. Dayal now expects that the company will earn $0.39 per share for the year, up from their previous estimate of $0.35. The consensus estimate for Amprius Technologies' current full-year earnings is ($0.07) per share. HC Wainwright also issued estimates for Amprius Technologies' FY2030 earnings at $0.59 EPS.

Amprius Technologies (NYSE:AMPX - Get Free Report) last issued its quarterly earnings data on Thursday, May 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.02). The firm had revenue of $28.54 million during the quarter, compared to analysts' expectations of $25.72 million. Amprius Technologies had a negative return on equity of 17.48% and a negative net margin of 43.98%.

Other analysts have also issued research reports about the company. Craig Hallum increased their price objective on Amprius Technologies from $17.00 to $21.00 and gave the company a "buy" rating in a report on Friday, March 6th. Needham & Company LLC restated a "buy" rating and set a $20.00 target price on shares of Amprius Technologies in a research note on Tuesday, March 10th. B. Riley Financial upped their target price on Amprius Technologies from $16.00 to $22.00 and gave the company a "buy" rating in a research report on Monday, March 9th. Weiss Ratings reiterated a "sell (e+)" rating on shares of Amprius Technologies in a research note on Monday, April 20th. Finally, Wall Street Zen downgraded Amprius Technologies from a "hold" rating to a "sell" rating in a report on Saturday. Eight investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $19.75.

Amprius Technologies Stock Up 0.2%

Shares of AMPX opened at $16.74 on Monday. The company has a 50 day moving average of $17.53 and a two-hundred day moving average of $13.25. Amprius Technologies has a twelve month low of $2.32 and a twelve month high of $22.80. The company has a market cap of $2.29 billion, a price-to-earnings ratio of -55.78 and a beta of 2.20.

Insider Activity at Amprius Technologies

In other Amprius Technologies news, Director Steven Chu sold 166,632 shares of the firm's stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $17.92, for a total value of $2,986,045.44. Following the completion of the transaction, the director owned 127,339 shares of the company's stock, valued at approximately $2,281,914.88. This trade represents a 56.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Kang Sun sold 1,500,000 shares of Amprius Technologies stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $15.91, for a total transaction of $23,865,000.00. Following the sale, the director owned 1,342,400 shares of the company's stock, valued at $21,357,584. The trade was a 52.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 2,539,829 shares of company stock worth $42,323,376. Corporate insiders own 5.10% of the company's stock.

Institutional Trading of Amprius Technologies

Several large investors have recently added to or reduced their stakes in AMPX. Bank of America Corp DE increased its holdings in shares of Amprius Technologies by 31.1% in the fourth quarter. Bank of America Corp DE now owns 12,890 shares of the company's stock valued at $36,000 after purchasing an additional 3,055 shares during the period. Quarry LP acquired a new stake in shares of Amprius Technologies during the third quarter worth about $42,000. Rhumbline Advisers lifted its holdings in shares of Amprius Technologies by 61.1% during the first quarter. Rhumbline Advisers now owns 15,690 shares of the company's stock worth $42,000 after purchasing an additional 5,951 shares during the period. Legal & General Group Plc boosted its position in Amprius Technologies by 1,385.4% in the second quarter. Legal & General Group Plc now owns 10,383 shares of the company's stock valued at $44,000 after buying an additional 9,684 shares during the last quarter. Finally, XTX Topco Ltd acquired a new position in Amprius Technologies in the 2nd quarter worth approximately $44,000. Hedge funds and other institutional investors own 5.04% of the company's stock.

Key Amprius Technologies News

Here are the key news stories impacting Amprius Technologies this week:

• Positive Sentiment: Amprius reported first-quarter revenue of $28.54 million, beating Wall Street expectations and rising sharply year over year, which shows continued demand for its silicon-anode battery products. Amprius Technologies (AMPX) Reports Q1 Loss, Beats Revenue Estimates
• Positive Sentiment: The company said it is seeing momentum in its forward outlook and highlighted recent business developments, which may support the longer-term growth story. Amprius Technologies Reports First Quarter 2026 Financial Results and Recent Business Highlights
• Neutral Sentiment: Amprius announced agreements to exchange public warrants for common stock in an effort to simplify its capital structure, a move that may improve financial clarity but could also increase share count. Amprius Technologies to Simplify Capital Structure Through Exchange of Public Warrants for Common Stock
• Neutral Sentiment: Commentary around the post-earnings move suggests the stock had already run up significantly this year, so recent volatility may reflect profit-taking after a strong rally rather than a change in the company’s long-term prospects. Assessing Amprius Technologies (AMPX) Valuation After Strong Returns And Recent Share Price Volatility
• Negative Sentiment: Amprius missed earnings estimates, posting a $0.04 loss per share versus expectations for a $0.02 loss, underscoring that profitability remains a challenge. Amprius Technologies (AMPX) Reports Q1 Loss, Beats Revenue Estimates
• Negative Sentiment: The stock has seen sharp short-term weakness, including a steep one-day decline and a larger pullback over the past week, as investors reassess valuation after the earnings release. Amprius (AMPX) Stock Plunges 27% Despite Q1 Revenue Surge of 153%

Amprius Technologies Company Profile

Amprius Technologies, Inc NYSE: AMPX is a U.S.-based developer of high-energy-density lithium-ion batteries that leverage silicon anode technology to deliver performance levels beyond conventional graphite-based cells. The company's batteries are designed to offer industry-leading gravimetric energy density, enabling longer run times and reduced weight for portable power applications. Amprius blends advanced materials science and scalable manufacturing processes to commercialize next-generation battery solutions.

At the core of Amprius' product portfolio are cylindrical and prismatic cells that employ a proprietary silicon nanowire anode, which supports high charge/discharge rates while maintaining cycle life.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.