Amprius signs CAMINUS cell production deal, shares fall

By Reuters News

** Shares of battery maker Amprius Technologies AMPX.N fall more than 1% to $9.55

** Co signs deal with battery manufacturer CAMINUS to make its pouch cells in the US

** Under the 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 of the contract has not been disclosed

** All brokerages covering the stock are bulish; median PT - $23 - data compiled by LSEG

** Including session moves, stock has risen 22% YTD

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