A Look At Amprius Technologies (AMPX) Valuation After CES 2026 Battery Recognition And Nokia Drone Showcase

Amprius Technologies (AMPX) is back on investor radars after receiving a CES 2026 Innovation Award for its 520 Wh/kg silicon anode battery and showcasing a Nokia drone powered by its high energy density cells.

See our latest analysis for Amprius Technologies.

Those CES 2026 headlines arrive after a mixed stretch for the stock, with a 7 day share price return of 17.37% following a 30 day share price decline of 24.55%. The 1 year total shareholder return of 159.60% points to strong longer term momentum from much lower levels.

If this kind of battery breakthrough has your attention, it could be a good moment to scan other high growth tech and AI names using high growth tech and AI stocks.

So with Amprius posting a 1 year total return of 159.60%, recent short-term volatility, and analysts seeing room above the last close of US$9.19, is there still a buying opportunity here, or is future growth already priced in?

Most Popular Narrative: 46.5% Undervalued

With the most followed narrative putting fair value near US$17.17 against a last close of US$9.19, the gap between story and price is wide.

The industry's increasing need for lightweight, high-energy-density battery solutions (for drones, electric aviation, and next-gen vehicles) enables Amprius to maintain premium pricing and outperform on gross and net margins due to its demonstrated product performance advantages, as evidenced by record energy density and recent customer wins (e.g., AALTO/Airbus and U.S. Army).

Read the complete narrative.

Curious what kind of revenue ramp, margin shift, and earnings multiple could justify that valuation gap? The full narrative spells out a bold earnings path and a rich future P/E that underpin this fair value call.

Result: Fair Value of $17.17 (UNDERVALUED)

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

However, this upbeat story still leans heavily on ramping production smoothly and avoiding supply chain or geopolitical hiccups related to its Korea and China manufacturing partnerships.

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

Build Your Own Amprius Technologies Narrative

If you are not fully on board with this story or simply want to weigh the numbers yourself, you can build your own view in minutes, starting with Do it your way.

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

Ready for more investment ideas?

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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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