Will The Rally Continue? Energous Corp (NASDAQ:WATT) Stock Jumps

Energous Corp (NASDAQ:WATT) is one of the biggest gainers in the pre market session on Wednesday. The stock is up 20% over the past month and 58% year-to-date.

Major Trigger:

Energous and Atmosic Achieve Industry First Interoperability Energy Harvesting, Advancing Development of Wireless Charging Applications

Key Highlights:

  • Energous Corporation (Nasdaq: WATT), the developer of WattUp®, and Atmosic Technologies, an innovator of ultra-low power wireless for the Internet of Things (IoT), today announced they have achieved the industry’s first interoperability for radio frequency (RF) energy harvesting technology.
  • The interoperability combines Energous’ WattUp RF-based wireless charging technology and Atmosic’s M3 Series chipset – the company’s energy harvesting technology that captures RF power – which together open up the market for wireless charging up to two meters away for a diverse array of connected solutions for retail, industrial and consumer applications.

Key Quote:

Atmosic and Energous are both members of the AirFuel Alliance®, a global coalition of companies committed to a world where everyone can power up without plugging in. Dr. Sanjay Gupta, president and chairman of AirFuel of Alliance, commented, “Technological advancements in wireless power, and development of the interoperability and infrastructure to facilitate broad adoption, require collaboration. The partnership between Energous and Atmosic to bring cutting-edge products to market embodies the spirit of the Alliance. We look forward to AirFuel members continuing to pave the way in innovation for the industry.”

Market Reaction

As of 7:47, WATT is trading at $3.37, up 13 %. So far more than 195K shares have exchanged hands.

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