Oppenheimer Keeps a Hold Rating on Energous (WATT)


In a report released yesterday, Andrew Uerkwitz from Oppenheimer maintained a Hold rating on Energous (NASDAQ: WATT). The company’s shares closed yesterday at $12.89.

According to TipRanks.com, Uerkwitz is a 5-star analyst with an average return of 14.7% and a 62.1% success rate. Uerkwitz covers the Consumer Goods sector, focusing on stocks such as Himax Technologies, Turtle Beach Corp, and Universal Display.

Energous has an analyst consensus of Moderate Buy, with a price target consensus of $29.75.

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Based on Energous’ latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $12.3 million. In comparison, last year the company had a GAAP net loss of $12.92 million.

Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is negative on the stock.

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Energous Corp. engages in the development of technology that enables wireless charging for electronic devices. It focuses on their product, WattUp, a wire-free charging technology that will transform the way consumers and industries charge and power electronic devices at home, in the office and car.

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