What’s Next for Energous Corp (WATT) After Today’s Significant Increase?

September 17, 2017 - By Peter Erickson

Investors sentiment increased to 2.18 in Q4 2016. Its up 0.13, from 2.05 in 2016Q3. It improved, as 3 investors sold Energous Corp shares while 19 reduced holdings. 21 funds opened positions while 27 raised stakes. 5.71 million shares or 7.09% less from 6.14 million shares in 2016Q3 were reported.
Ls Lc stated it has 350 shares. Hood River Capital Mngmt Limited Liability Co accumulated 0.74% or 506,449 shares. 8,523 were reported by American Interest Grp Inc Inc Inc. Glenmede Trust Company Na stated it has 0% in Energous Corp (NASDAQ:WATT). Kcg reported 19,231 shares. Bank Of America De invested in 0% or 3,682 shares. Jane Street Gru Ltd Liability accumulated 26,213 shares or 0% of the stock. Leisure Cap reported 20,323 shares. 207 were accumulated by Parallax Volatility Advisers Lp. Driehaus Cap Management Ltd Liability Co stated it has 0.11% of its portfolio in Energous Corp (NASDAQ:WATT). Metropolitan Life holds 0% of its portfolio in Energous Corp (NASDAQ:WATT) for 11,424 shares. Aqr Capital Limited Liability has invested 0% in Energous Corp (NASDAQ:WATT). Invesco Limited has invested 0% in Energous Corp (NASDAQ:WATT). Usca Ria Lc holds 17,150 shares or 0.04% of its portfolio. Eam Lc owns 119,934 shares.

Since March 16, 2017, it had 0 buys, and 3 sales for $71,567 activity. Johnston Cesar also sold $587,486 worth of Energous Corp (NASDAQ:WATT) shares. On Wednesday, June 14 the insider Sahejpal Neeraj sold $25,592. 945 shares valued at $14,975 were sold by Sereda Brian J on Wednesday, June 14.

The stock of Energous Corp (NASDAQ:WATT) is a huge mover today! The stock increased 6.03% or $0.66 on September 15, reaching $11.6. About 787,123 shares traded. Energous Corp (NASDAQ:WATT) has risen 57.63% since September 17, 2016 and is uptrending. It has outperformed by 40.93% the S&P500.
The move comes after 6 months positive chart setup for the $254.04M company. It was reported on Sep, 17 by Barchart.com. We have $11.95 PT which if reached, will make NASDAQ:WATT worth $7.62 million more.

Wall Street await Energous Corp (NASDAQ:WATT) to release earnings on November, 6. Analysts forecast earnings per share of $-0.56, up exactly $0.01 or 1.75 % from 2014’s $-0.57 EPS. After posting $-0.63 EPS for the previous quarter, Energous Corp’s analysts now forecast -11.11 % EPS growth.

Energous Corp (NASDAQ:WATT) Ratings Coverage

Among 3 analysts covering Energous Corp (NASDAQ:WATT), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Energous Corp had 7 analyst reports since August 14, 2015 according to SRatingsIntel. The stock of Energous Corp (NASDAQ:WATT) earned “Buy” rating by Oppenheimer on Monday, September 21. Oppenheimer maintained Energous Corp (NASDAQ:WATT) rating on Saturday, August 22. Oppenheimer has “Outperform” rating and $13 target. The stock has “Buy” rating by Roth Capital on Monday, August 7. Ladenburg Thalmann initiated the stock with “Buy” rating in Monday, December 7 report. The rating was downgraded by Oppenheimer to “Perform” on Tuesday, January 24. The firm has “Hold” rating by Oppenheimer given on Thursday, August 10. As per Friday, August 14, the company rating was upgraded by Zacks.

More recent Energous Corp (NASDAQ:WATT) news were published by: Fool.com which released: “Why Energous Corp. Shares Soared Today” on August 22, 2017. Also Benzinga.com published the news titled: “What iPhone’s Wireless Charging Tech Means For Energous; CEO Says Company …” on September 14, 2017. Schaeffersresearch.com‘s news article titled: “Apple Event Helps Energous Short Sellers Win the Day” with publication date: September 13, 2017 was also an interesting one.

Energous Corporation is engaged in developing a technology called WattUp that consists of semiconductor chipsets, software, hardware creates and antennas that can enable radio frequency wire-free charging for electronic devices, providing power at a distance and enabling charging with mobility under software control. The company has market cap of $254.04 million. The Company’s technology can be utilized in a range of devices, including wearables, Internet of Things (IoT) devices, smartphones, tablets, e-book readers, keyboards, mice, remote controls, rechargeable lights, cylindrical batteries and any other device with similar charging requirements that would otherwise need a battery or a connection to a power outlet. It currently has negative earnings. The Firm is engaged in developing a solution that charges electronic devices by surrounding them with a contained three-dimensional (3D) RF energy pocket (RF energy pocket).

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