Amprius signs CAMINUS cell production deal, shares fall
AMPX•Amprius signed a deal for battery manufacturer CAMINUS to make Amprius-designed pouch cells at its Indianapolis facility. Financial terms were not disclosed, and Amprius shares fell more than 1% to $9.55.
1. Production agreement
CAMINUS, formerly EnPower, will make Amprius-designed pouch cells at its Indianapolis facility, adding domestic production capacity for Amprius customers in aviation, defense and uncrewed systems. Financial terms were not disclosed.
2. Shares and analyst views
Amprius shares fell more than 1% to $9.55. All brokerages covering the stock were bullish, with a median price target of $23; the stock had risen 22% year to date, including the session’s moves.
