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OFFON

ENERGOUS CORPORATION

(WATT)
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Energous Shares Jump After FCC OKs Unlimited Distance Over-the-Air Charging

10/19/2021 | 06:10am EST

By Robb M. Stewart

Wireless-charging technology company Energous Corp. said Tuesday it received regulatory approval in the U.S. for over-the-air power transfer at any distance, sparking a rally in its shares.

Energous said the Federal Communications Commission granted equipment authorization for unlimited distance over-the-air wireless charging, complementing similar approval in Europe given in May. Together, the approvals expand the reach, customers and partners for Energous's WattUp wireless charging technology, the company said.

In premarket trading, the shares were 41% higher after ending Monday at $2.81, up 11% since the end of last year.

The company said its 1W Active Energy Harvesting transmitter can charge multiple devices at once, enabling at-any-distance over-the-air charging for a growing ecosystem of Internet of Things devices such as retail sensors, electronic shelf labels and industrial devices.

Write to Robb M. Stewart at robb.stewart@wsj.com

(END) Dow Jones Newswires

10-19-21 0810ET

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Analyst Recommendations on ENERGOUS CORPORATION
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Financials (USD)
Sales 2021 1,03 M - -
Net income 2021 -35,9 M - -
Net Debt 2021 - - -
P/E ratio 2021 -2,57x
Yield 2021 -
Capitalization 112 M 112 M -
Capi. / Sales 2021 109x
Capi. / Sales 2022 9,85x
Nbr of Employees 54
Free-Float 97,7%
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Mean consensus BUY
Number of Analysts 2
Last Close Price 1,49 $
Average target price 4,50 $
Spread / Average Target 202%
EPS Revisions
Managers and Directors
Cesar Johnston Chief Executive Officer, COO & EVP-Engineering
William Mannina CFO, Vice President-Finance & Controller
Daniel W. Fairfax Chairman
Rahul G. Patel Independent Director
Reynette K. Au Independent Director
Sector and Competitors