Why Shares of Energous Rocketed Higher Today
Shares of Energous (NASDAQ: WATT), a developer of wireless charging technology, soared on Tuesday after the company announced a high-power, Near Field charging solution for electronic devices. Energous claims the solution can provide devices with up to 10 watts of power. The stock was up about 23% at market close.
Energous' new solution is aimed at smartphones, tablets, smart speakers, game controllers, drones, and other small electronic devices. It's a reference design, adding to the company's catalog of reference designs that span a wide range of power levels and use cases.
A WattUp Near Field transmitter plugged into a laptop. Image source: Energous.
Source: Fool.com
Energous Corp. Stock
€0.16
-17.270%
With 11 Sell predictions and only 2 Buy predictions the community sentiment for Energous Corp. is rather negative.
On the other hand, the target price of 2 € is above the current price of 0.16 € for Energous Corp., so the potential is actually 1136.09%.
