Energous Corporation (Nasdaq:WATT) Faces Uncertainty with Apple iPhone

Energous Corporation (Nasdaq: WATT)

In January of 2017, the U.S. Patent Office rejected a patent challenge and shares of Energous Corporation (Nasdaq:WATT) rocketed – shortly reaching all-time highs. Today the shares are down over 8% on news that the newest Apple  Inc. (NASDAQ:AAPL) may include wireless recharching in a future iPhone model utilizing a chip solution developed by Broadcom Limited (NASDAQ:AVGO) and dealing a potential blow to future Energous sales.

Energous Corporation (Nasdaq:WATT)is the developer of WattUp®—a wire-free charging technology that Energous hopes will transform the way consumers and industries charge and power electronic devices at home, in the office, in the car and beyond. WattUp is a radio frequency (RF) based charging solution that delivers intelligent, scalable power via radio bands, similar to a Wi-Fi router. WattUp differs from other wireless charging systems in that it delivers power at a distance, to multiple devices – thus resulting in a wire-free experience that saves users from having to plug in their devices.

Energous Corporation (Nasdaq:WATT)closed yesterday at $16.78 and gapped down to open at $15.12 on double the normal daily average volumes. Broadcom Limited (NASDAQ:AVGO), an $83 billion company, ended yesterday at $208.18 and gapped up to open at $209.00 – currently AVGO is trading up about 1% on average volumes.

The unknow factor, and key issue, is Apple’s perception of the risks involved with wireless charging given the issues that Samsung has experienced.

I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 96 hours. All information, or data, is provided with no guarantees of accuracy.

 

Energous Corp. (Nasdaq: WATT) Reaches New Highs on Heavy Volume

Energous Corporation; Nasdaq: WATT

SNU first covered Energous Corporation in December when the U.S. Patent Office rejected a patent challenge. Today the shares, traded on the Nasdaq under WATT, have reached new all-time highs and the stock is up over 5%. Volumes are more than double the average.

Below is our original December 22, 2016 report:

Shares of Energous Corporation are up close to 10% on heavy volume. Energous Corporations trades on the Nasdaq under the ticker symbol WATT. Yesterday WATT closed at $17.48 but today’s morning trading has seen the shares trading as high as $19.28.

Energous Corporation is the developer of WattUp®—an award-winning, wire-free charging technology that Energous hopes will transform the way consumers and industries charge and power electronic devices at home, in the office, in the car and beyond. WattUp is a radio frequency (RF) based charging solution that delivers intelligent, scalable power via radio bands, similar to a Wi-Fi router. WattUp differs from other wireless charging systems in that it delivers power at a distance, to multiple devices – thus resulting in a wire-free experience that saves users from having to plug in their devices.

In November the U.S. Patent Office’s Trial and Appeal Board (PTAB) rejected a challenge to the Energous patent.

“Yesterday’s decision from the PTAB confirms our steadfast confidence in the strength of our intellectual property and strategy surrounding our WattUp technology,” said Stephen R. Rizzone, president and CEO of Energous. “As a licensing and semiconductor company, protecting and securing our patents is an important element of our goal of maintaining a dominant leadership position in the emerging market of wire-free power. We will continue to vigorously defend our intellectual property as we innovate and develop breakthrough wire-free charging technologies.”

Three firms follow Energous Corporation and all three give WATT shares a “Strong Buy” rating.

I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 96 hours. All information, or data, is provided with no guarantees of accuracy.

1/13/2017
Ticker Symbol WATT
Last Price a/o 10:52 AM EST  $                    20.04
Average Volume 641,000
Market Cap $361 million
Sales 1.3 million
Shares Outstanding 18.85 million
Share Float 14.08 million
Shortable Yes
Optionable Yes
Inside Ownership 2.30%
Short Float 29.90%
Short Interest Ratio 6.57
Quarterly Return 20.28%
YTD Return 13.71%
Year Return 249.64%

Our Picks for 2016 – If We Had a Time Machine

As we say goodbye to 2016, let’s take a look at some of the best performing Nasdaq small cap performances. The stocks below are our choices for what we would have bought if we could just borrow someone’s time machine. If you happen to have one, we promise that we will return it in better shape than we got it!

  1. Corbus Pharmaceuticals Holdings, Inc. (Nasdaq: CRBP) – This biotechnology firm leads our list with a whopping return of excess of 425% for 2016. Four analysts cover CRBP – all rate it “Strong Buy”. Consensus price target is $18.
  2. Oclaro, Inc. (Nasdaq: OCLR) – OCLR manufactures optical oriented internet infrastructure equipment. YTD returns are over 170%. Ten analysts cover OCLR – nine rate it as a “Strong Buy” while one rates it as a “Hold”. Consensus price target is $12.
  3. Hudson Technologies Inc. (Nasdaq: HDSB) – Hudson Technologies specializes in refrigeration. Cold must be good business – HDSN is up almost 175% YTD. All three analysts that cover the stock give it a “Strong Buy”. Consensus price target is $9.50.
  4. Energous Corporation (Nasdaq: WATT) – Energous develops wireless charging technology. Investors seem to like the idea as WATT is up over 130% YTD. All three analysts that cover WATT give it a “Strong Buy”. Consensus price target is $15.50.
  5. TTM Technologies Inc. (Nasdaq:TTMI) – TTM Technologies designs and manufactures circuit boards. It may not sound sexy, but investors loved TTMI in 2016 – sending it up almost 120%. Three analysts cover TTMI – two rate it “Strong Buy” and one rates it a “Buy”. Consensus price target is $15.00.

I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 96 hours. All information, or data, is provided with no guarantees of accuracy.

Energous Corporation (Nasdaq: WATT) Up Today

Energous Corporation; Nasdaq: WATT

Shares of Energous Corporation are up close to 10% on heavy volume. Energous Corporations trades on the Nasdaq under the ticker symbol WATT. Yesterday WATT closed at $17.48 but today’s morning trading has seen the shares trading as high as $19.28.

Energous Corporation is the developer of WattUp®—an award-winning, wire-free charging technology that Energous hopes will transform the way consumers and industries charge and power electronic devices at home, in the office, in the car and beyond. WattUp is a radio frequency (RF) based charging solution that delivers intelligent, scalable power via radio bands, similar to a Wi-Fi router. WattUp differs from other wireless charging systems in that it delivers power at a distance, to multiple devices – thus resulting in a wire-free experience that saves users from having to plug in their devices.

In November the U.S. Patent Office’s Trial and Appeal Board (PTAB) rejected a challenge to the Energous patent.

“Yesterday’s decision from the PTAB confirms our steadfast confidence in the strength of our intellectual property and strategy surrounding our WattUp technology,” said Stephen R. Rizzone, president and CEO of Energous. “As a licensing and semiconductor company, protecting and securing our patents is an important element of our goal of maintaining a dominant leadership position in the emerging market of wire-free power. We will continue to vigorously defend our intellectual property as we innovate and develop breakthrough wire-free charging technologies.”

Three firms follow Energous Corporation and all three give WATT shares a “Strong Buy” rating.

I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 96 hours. All information, or data, is provided with no guarantees of accuracy.

12/22/2016
Ticker Symbol WATT
Last Price a/o 11:44 AM EST  $             19.15
Average Volume 569,780
Market Cap $327.75
Sales $1.3 million
Shares Outstanding 18.75 million
Share Float 14.08 million
Shortable Yes
Optionable Yes
Inside Ownership 2.30%
Short Float 31.29%
Short Interest Ratio 7.73
Quarterly Return -6.52%
YTD Return 121.00%
Year Return 124.10%