Energous (WATT)
Market Price (9/18/2026): $12.12 | Market Cap: $66.8 MilSector: Information Technology | Industry: Communications Equipment
Energous (WATT)
Market Price (9/18/2026): $12.12Market Cap: $66.8 MilSector: Information TechnologyIndustry: Communications Equipment
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -47% Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 431% Megatrend and thematic driversMegatrends include Digital Health & Telemedicine, Smart Buildings & Proptech, and Automation & Robotics. Themes include Wearable Health Devices, Show more. | Weak multi-year price returns2Y Excs Rtn is -86%, 3Y Excs Rtn is -147% Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 13% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -8.6 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -82% Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -150%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -153% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -17% High stock price volatilityVol 12M is 112% Key risksWATT key risks include [1] precarious financial health and persistent unprofitability creating a high risk of bankruptcy, Show more. |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -47% |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 431% |
| Megatrend and thematic driversMegatrends include Digital Health & Telemedicine, Smart Buildings & Proptech, and Automation & Robotics. Themes include Wearable Health Devices, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -86%, 3Y Excs Rtn is -147% |
| Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 13% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -8.6 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -82% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -150%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -153% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -17% |
| High stock price volatilityVol 12M is 112% |
| Key risksWATT key risks include [1] precarious financial health and persistent unprofitability creating a high risk of bankruptcy, Show more. |
Qualitative Assessment
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Energous (WATT) stock has lost about 60% since 5/31/2026 because of the following key factors:
1. Significant Earnings Miss and Continued Net Losses for Fiscal Q2 2026. Despite reporting robust revenue growth of 217% year-over-year to $3.1 million for fiscal Q2 2026, Energous posted a GAAP net loss of $2.9 million, or $0.53 per share. This figure significantly missed analyst expectations of a -$0.21 EPS, indicating a miss of 138.10%. The company's net loss for the first half of fiscal 2026 reached $4.6 million, highlighting ongoing profitability challenges despite increased sales.
2. Persistent Low Gross Margins. Energous reported a gross margin of 19% for the first half of fiscal 2026, which is notably low. This was primarily attributed to near-term pressures from production retooling and elevated supply chain component sourcing costs. While management projects future improvement, the current low margins contribute to unprofitability and weigh on investor sentiment.
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Energous (WATT) stock has lost about 60% since 5/31/2026 because of the following key factors:
1. Significant Earnings Miss and Continued Net Losses for Fiscal Q2 2026. Despite reporting robust revenue growth of 217% year-over-year to $3.1 million for fiscal Q2 2026, Energous posted a GAAP net loss of $2.9 million, or $0.53 per share. This figure significantly missed analyst expectations of a -$0.21 EPS, indicating a miss of 138.10%. The company's net loss for the first half of fiscal 2026 reached $4.6 million, highlighting ongoing profitability challenges despite increased sales.
2. Persistent Low Gross Margins. Energous reported a gross margin of 19% for the first half of fiscal 2026, which is notably low. This was primarily attributed to near-term pressures from production retooling and elevated supply chain component sourcing costs. While management projects future improvement, the current low margins contribute to unprofitability and weigh on investor sentiment.
3. Share Dilution. The company experienced substantial share dilution, with weighted average shares outstanding increasing to 5.51 million in fiscal Q2 2026, compared to 1.19 million in the same period of the prior year. This significant increase in share count can dilute the value of existing shares and negatively impact the stock price.
4. Analyst Downgrade. On August 15, 2026, investment firm Wall Street Zen downgraded Energous's stock rating from "hold" to "sell," reflecting a more pessimistic outlook on the company's future performance and contributing to negative market perception.
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Stock Movement Drivers
Fundamental Drivers
The -58.4% change in WATT stock from 5/31/2026 to 9/17/2026 was primarily driven by a -52.8% change in the company's P/S Multiple.| (LTM values as of) | 5312026 | 9172026 | Change |
|---|---|---|---|
| Stock Price ($) | 28.00 | 11.66 | -58.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 8 | 10 | 25.3% |
| P/S Multiple | 13.0 | 6.1 | -52.8% |
| Shares Outstanding (Mil) | 4 | 6 | -29.5% |
| Cumulative Contribution | -58.4% |
Market Drivers
5/31/2026 to 9/17/2026| Return | Correlation | |
|---|---|---|
| WATT | -58.4% | |
| Market (SPY) | 0.8% | 39.9% |
| Sector (XLK) | -1.5% | 45.4% |
Fundamental Drivers
The -1.4% change in WATT stock from 2/28/2026 to 9/17/2026 was primarily driven by a -70.8% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 2282026 | 9172026 | Change |
|---|---|---|---|
| Stock Price ($) | 11.82 | 11.66 | -1.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 3 | 10 | 247.3% |
| P/S Multiple | 6.3 | 6.1 | -2.8% |
| Shares Outstanding (Mil) | 2 | 6 | -70.8% |
| Cumulative Contribution | -1.4% |
Market Drivers
2/28/2026 to 9/17/2026| Return | Correlation | |
|---|---|---|
| WATT | -1.4% | |
| Market (SPY) | 11.5% | 34.5% |
| Sector (XLK) | 35.7% | 35.1% |
Fundamental Drivers
The 56.2% change in WATT stock from 8/31/2025 to 9/17/2026 was primarily driven by a 430.5% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 8312025 | 9172026 | Change |
|---|---|---|---|
| Stock Price ($) | 7.46 | 11.66 | 56.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2 | 10 | 430.5% |
| P/S Multiple | 4.5 | 6.1 | 36.5% |
| Shares Outstanding (Mil) | 1 | 6 | -78.4% |
| Cumulative Contribution | 56.2% |
Market Drivers
8/31/2025 to 9/17/2026| Return | Correlation | |
|---|---|---|
| WATT | 56.2% | |
| Market (SPY) | 19.2% | 27.8% |
| Sector (XLK) | 43.9% | 30.1% |
Fundamental Drivers
The -80.6% change in WATT stock from 8/31/2023 to 9/17/2026 was primarily driven by a -97.2% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 8312023 | 9172026 | Change |
|---|---|---|---|
| Stock Price ($) | 60.00 | 11.66 | -80.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1 | 10 | 1600.7% |
| P/S Multiple | 14.8 | 6.1 | -58.6% |
| Shares Outstanding (Mil) | 0 | 6 | -97.2% |
| Cumulative Contribution | -80.6% |
Market Drivers
8/31/2023 to 9/17/2026| Return | Correlation | |
|---|---|---|
| WATT | -80.6% | |
| Market (SPY) | 75.3% | -0.6% |
| Sector (XLK) | 118.1% | -0.9% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| WATT Return | -31% | -33% | -89% | -45% | -87% | 174% | -99% |
| Peers Return | 52% | -16% | 8% | 13% | 90% | 22% | 262% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 10% | 101% |
Monthly Win Rates [3] | |||||||
| WATT Win Rate | 25% | 42% | 25% | 25% | 25% | 44% | |
| Peers Win Rate | 65% | 35% | 50% | 52% | 67% | 47% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 44% | |
Max Drawdowns [4] | |||||||
| WATT Max Drawdown | -83% | -51% | -91% | -89% | -99% | -71% | |
| Peers Max Drawdown | -23% | -38% | -45% | -37% | -35% | -34% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: VSAT, ADTN, NUR, CSCO, ANET.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 9/17/2026 (YTD)
How Low Can It Go
| Event | WATT | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -48.0% | -18.8% |
| % Gain to Breakeven | 92.5% | 23.1% |
| Time to Breakeven | 101 days | 79 days |
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -30.8% | -7.8% |
| % Gain to Breakeven | 44.5% | 8.5% |
| Time to Breakeven | 138 days | 18 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -36.6% | -24.5% |
| % Gain to Breakeven | 57.7% | 32.4% |
| Time to Breakeven | 83 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -67.2% | -33.7% |
| % Gain to Breakeven | 204.4% | 50.9% |
| Time to Breakeven | 18 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -54.5% | -19.2% |
| % Gain to Breakeven | 119.9% | 23.8% |
| Time to Breakeven | 56 days | 105 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -32.9% | -3.7% |
| % Gain to Breakeven | 49.0% | 3.9% |
| Time to Breakeven | 244 days | 6 days |
In The Past
Energous's stock fell -48.0% during the 2025 US Tariff Shock. Such a loss loss requires a 92.5% gain to breakeven.
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| Event | WATT | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -48.0% | -18.8% |
| % Gain to Breakeven | 92.5% | 23.1% |
| Time to Breakeven | 101 days | 79 days |
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -30.8% | -7.8% |
| % Gain to Breakeven | 44.5% | 8.5% |
| Time to Breakeven | 138 days | 18 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -36.6% | -24.5% |
| % Gain to Breakeven | 57.7% | 32.4% |
| Time to Breakeven | 83 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -67.2% | -33.7% |
| % Gain to Breakeven | 204.4% | 50.9% |
| Time to Breakeven | 18 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -54.5% | -19.2% |
| % Gain to Breakeven | 119.9% | 23.8% |
| Time to Breakeven | 56 days | 105 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -32.9% | -3.7% |
| % Gain to Breakeven | 49.0% | 3.9% |
| Time to Breakeven | 244 days | 6 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -45.1% | -12.2% |
| % Gain to Breakeven | 82.1% | 13.9% |
| Time to Breakeven | 31 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -68.5% | -6.8% |
| % Gain to Breakeven | 217.4% | 7.3% |
| Time to Breakeven | 140 days | 15 days |
In The Past
Energous's stock fell -48.0% during the 2025 US Tariff Shock. Such a loss loss requires a 92.5% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Energous (WATT)
Energous Corporation (WATT) is a technology company focused on developing advanced wireless charging solutions. Its core offering is the proprietary WattUp wireless power technology, which utilizes radio frequency (RF) waves to enable cable-free charging for a wide range of electronic devices. This comprehensive technology suite includes custom semiconductor chipsets, sophisticated software controls, hardware designs, and antennas, providing a complete system for integrated wireless power delivery.
The WattUp technology is highly versatile, finding applications across numerous sectors. It is designed to power devices in building and home automation systems, electronic shelf labels, and industrial IoT (Internet of Things) sensors. Furthermore, Energous's solutions are critical for powering surface and implanted medical devices, various tracking devices, hearables, and wearables. The company also serves the broader consumer electronics market, aiming to free everyday gadgets from the constraints of physical charging cables.
In essence, Energous provides a foundational platform for wireless power, moving beyond traditional contact-based charging to deliver power over distance using RF technology. By developing this robust and flexible wireless power ecosystem, the company is positioned to serve a diverse client base spanning consumer, medical, industrial, and public safety markets, enabling the next generation of truly wireless connected devices.
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Here are 1-3 brief analogies for Energous (WATT):
- Qualcomm for wireless charging: Just as Qualcomm provides the foundational chipsets and technology that enable wireless communication in countless devices, Energous aims to provide the core technology (chipsets, software, designs) that enables RF-based wireless charging for a wide range of electronic devices.
- NVIDIA for wireless power technology: Similar to how NVIDIA is a leading provider of foundational technology (GPUs, platforms) for graphics and AI processing, Energous seeks to be a foundational technology provider for the emerging field of wireless power, supplying the core components and designs for truly wireless energy transfer.
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- WattUp Wireless Power Technology: This comprehensive solution for radio frequency-based wireless charging includes semiconductor chipsets, software controls, hardware designs, and antennas.
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- SoluM Co., Ltd. (KRX: 248070): SoluM, a leading global provider of electronic shelf labels (ESLs), has integrated Energous's WattUp wireless power solution into its latest generation of ESL devices. This represents a significant and recent commercial adoption of Energous's technology.
- Tag Heuer (part of LVMH Moët Hennessy Louis Vuitton SE, Euronext Paris: MC, OTC: LVMUY): In the past, Tag Heuer, a luxury watchmaker, integrated Energous's WattUp technology into its smartwatches, demonstrating an application in the consumer wearables market.
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Mallorie Burak, Chief Executive Officer and Chief Financial Officer
Mallorie Burak joined Energous in January 2024 and serves as the Company's Chief Executive Officer and Chief Financial Officer. She brings almost 30 years of experience across a broad spectrum of industries, ranging from early-stage start-ups to multi-national, public corporations. Prior to joining Energous, Ms. Burak served as President and Chief Financial Officer of Knightscope, Inc., Chief Financial Officer of ThinFilm Electronics ASA, and Chief Financial Officer of Alta Devices, Inc. Her career history also includes serving as President and Chief Financial Officer at FriendFinder Networks, and Chief Financial Officer at Rainmaker Systems and FoodLink. Additionally, she was Interim Chief Financial Officer of Southwall Technologies. Ms. Burak has extensive experience with public listings, secondary offerings, debt, Reg A offerings, and managing M&A-related activities, as well as turning around special situation companies.
Giampaolo Marino, Chief Strategy & Growth Officer
Giampaolo Marino joined Energous in June 2022. Before Energous, he was at Analog Devices Inc. (ADI), a global leader in data conversion, signal processing, and power management technologies, where he led the global strategic marketing and system applications teams with a focus on consumer and IoT applications. Prior to ADI, Mr. Marino worked at NXP Semiconductors, serving as General Manager and Head of Product Line, Audio & Voice Solution Products, managing a global team responsible for R&D, marketing and applications, business development, system architecture, and product definition.
Gregory Sadikoff, Chief Accounting Officer
Gregory Sadikoff joined Energous in February 2024 and was promoted to Chief Accounting Officer, effective January 12, 2026. He is a Certified Public Accountant with over 20 years of professional experience across early-stage start-ups through large, complex organizations. Prior to joining Energous, Gregory served as a Senior Finance Manager at Knightscope, Inc. for two years. Earlier in his career, he was a Controller at Compass Group, where he supported large-scale operations and complex financial reporting requirements.
Peter Weinberg, General Counsel & Chief of Staff
Peter Weinberg serves as Energous's General Counsel and Chief of Staff. His career spans over three decades and various sectors including design/build construction, IT and communication technologies, semiconductor manufacturing, marketing, renewable energy, and security robotics. Before joining Energous, Mr. Weinberg served as General Counsel at Knightscope, Alta Devices, NEC Electronics America, and Takenaka USA Corp.
Alister Hoss, Technical Fellow and Vice President, Technology & Engineering
Alister Hoss joined Energous in 2014 as the lead principal engineer, overseeing the development of novel RF and antenna technologies and systems. As a technical fellow in the office of the then-founder and CTO, he has co-invented Energous' unique WPT (Wireless Power Transfer) portfolio, including wireless systems, antennas, and chips. Dr. Hoss has over 25 years of experience in engineering, research, and development, and over 10 years of leadership experience.
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1. Financial Health and Sustainability
Energous faces significant financial challenges, frequently receiving "F" grades for both financial health and profitability. The company has chronic unprofitability, evidenced by negative operating and net margins, and has experienced substantial losses. Its Altman Z-Score is consistently in the distress zone, indicating a potential risk of bankruptcy within the next two years. Furthermore, Energous has a high cash burn rate relative to its market capitalization, leading to a short cash runway and a reliance on external funding and equity raises, which can result in shareholder dilution.2. Market Adoption and Competitive Landscape
The widespread adoption of Energous' wireless charging technology faces significant hurdles. While promising, RF-based wireless charging remains a niche technology compared to more established inductive charging solutions. The company operates in a highly competitive technology industry and struggles with the challenges of commercializing new technologies and generating widespread market demand. Energous competes against larger, more resourced companies, including major players in consumer electronics and IoT, making it difficult to gain substantial market share and secure broad technology adoption.3. Nasdaq Listing Compliance and Stock Volatility
Energous has repeatedly faced issues with maintaining compliance with Nasdaq's listing requirements, particularly concerning its minimum share price and stockholders' equity. These compliance challenges have led to notifications of potential delisting and the need for actions such as reverse stock splits to regain compliance, which can be detrimental to shareholder value. The company's stock is also characterized by high volatility, making it a high-risk investment.AI Analysis | Feedback
One clear emerging threat to Energous Corporation is direct competition from other companies developing and commercializing radio frequency (RF)-based, power-at-a-distance wireless charging technologies. Specifically, companies like Ossia Inc., with its Cota technology, are operating in the same nascent market, targeting similar applications (e.g., IoT, enterprise, medical devices) and vying for market adoption and regulatory approvals. The success of a competitor in securing key partnerships, design wins, or establishing a dominant technology standard in this emerging space could significantly hinder Energous's market penetration and growth opportunities.
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Energous Corporation (WATT) develops wireless charging solutions for a variety of applications. The addressable markets for their core wireless power technology span across several rapidly growing sectors globally.
Overall Wireless Power Transmission/Charging Market
The global wireless power transmission market was valued at approximately USD 23.0 billion in 2024 and is projected to reach USD 177.5 billion by 2033, exhibiting a compound annual growth rate (CAGR) of 24.22% during the period of 2025-2033. Other estimates place the global wireless charging market size at USD 35.41 billion in 2025, forecasted to grow to USD 160.52 billion by 2032 with a CAGR of 24.1%. Another report indicated a market size of USD 37.28 billion in 2025, projected to reach USD 237.03 billion by 2034, with a CAGR of 22.80%. The U.S. wireless charging market alone was valued at approximately USD 2.2 billion in 2025.
Specific Addressable Markets:
- Consumer Electronics (Hearables, Wearables, Smartphones, Tablets, Consumer Electronics):
- The consumer electronics segment consistently holds the largest share of the wireless charging market, accounting for around 45% in 2025 and 52.9% in 2025.
- The global hearables market was valued at USD 34.3 billion in 2022 and is expected to reach USD 123.3 billion by 2032, with a CAGR of 13.6%.
- The broader wireless audio device market was valued at USD 69.02 billion in 2023 and is expected to reach USD 190.54 billion by 2032, growing at a CAGR of 11.99%.
- The proliferation of smartphones and wearables is a primary driver for wireless charging market expansion.
- Industrial IoT Sensors & Electronic Shelf Labels:
- The industrial applications segment for wireless charging is expected to account for 29% of the market in 2026.
- The global Wireless Electronic Shelf Label market size was US$ 140 million in 2025 and is forecasted to reach US$ 422 million by 2032, with a CAGR of 17.3% during 2026-2032.
- In the U.S., the electronic shelf label market size was valued at USD 255 million in 2024 and is estimated to reach USD 1,175 million by 2033, growing at a CAGR of 18.5%.
- The global electronic shelf label market was valued at USD 2.2 billion in 2025 and is projected to grow to USD 7.4 billion by 2035 at a CAGR of 12.7%.
- Surface and Implanted Medical Devices:
- The Wireless Charging for Medical Implants Market is anticipated to expand from $3.1 billion in 2024 to $8.7 billion by 2034, growing at a CAGR of approximately 10.9%.
- The medical application sector of the wireless power market is projected to achieve multi-billion-dollar valuations by the early 2030s.
- The global market for wireless portable medical devices was valued at US$ 15 billion in 2020 and is projected to top US$ 33 billion by 2031, expanding at a CAGR of 11%.
- Building and Home Automation:
- Wireless charging is being increasingly integrated into smart homes and public infrastructure, aligning with the broader trend towards connectivity and automation.
- The increasing adoption of artificial intelligence and smart home technologies is driving the demand for wireless charging solutions for various consumer electronics.
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Expected Drivers of Future Revenue Growth for Energous (WATT)
Over the next 2-3 years, Energous (WATT) is expected to drive future revenue growth through several key initiatives and market trends:
- Accelerating Adoption and Major Enterprise Deployments: Energous anticipates significant revenue growth from the increasing adoption of its wireless power network solutions. The company has a confirmed order backlog of approximately $4.2 million, driven by the initial phases of major enterprise deployments. This includes shipments to Fortune 10 customers and an expansion of deployment scope to nationwide stores for a Fortune 10 client, focusing on supply chain modernization.
- Product Portfolio Expansion and Innovation: The introduction of new products such as e-Sense, e-Compass, PowerBridge MOD, and PowerBridge PRO+ in 2025 is expected to contribute to revenue growth. These products are specifically designed to support wireless power networks in growing markets like retail, supply chain, and logistics environments, backed by sustained investment in product innovation.
- Expansion into New Geographic Markets: Energous's PowerBridge Pro Directional transmitter received regulatory approvals in the EU and UK in December 2025. This allows for commercialization across EU member states and the UK, opening up new international markets for the company's wireless power solutions. Furthermore, the company reported 14 international deployments in 2025.
- Strategic Partnerships and Customer Engagement: Strategic partnerships, such as the one with Amazon Web Services (AWS), are strengthening Energous's opportunity pipeline and driving accelerated market reach and customer engagement. This partnership has led to three active proofs-of-concept (POCs), including engagements with multiple Fortune 500 companies.
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Share Issuance
- In September 2025, Energous announced a registered direct offering resulting in $5 million in gross proceeds from the sale of 585,347 shares of common stock and accompanying warrants at $7.92 per share.
- During the first two months of 2025, the company raised $13.4 million in net proceeds through its "at-the-market" common stock equity offering program.
- In March 2023, Energous completed an underwritten offering of 8,250,000 shares of common stock and warrants at $0.40 per share, generating approximately $3.3 million in gross proceeds.
Inbound Investments
- Energous strengthened its financial position in 2025 by raising approximately $23.9 million in equity capital, which was used to eliminate debt and certain liabilities from its balance sheet and support product innovation and deployment.
- The company secured $13.8 million of net proceeds through its at-the-market offering program during the first quarter of 2025 to fund growth and strategic objectives.
Capital Expenditures
- Funds raised through the at-the-market program in 2025, along with cost reductions, were intended to provide sufficient capital for general corporate purposes, including capital expenditures, for at least 12 months.
- Energous' capital allocation is primarily focused on sustained investment in product innovation, commercial expansion, and strategic growth initiatives.
Peer Outperformance in Communications Equipment
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Electronic Manufacturing Services | 9 | 54.0% | 178.6% | 261.5% | TTMI 776% · FLEX 709% · SANM 410% |
| Technology Distributors | 9 | 31.2% | 69.0% | 89.9% | CLMB 331% · AVT 184% · SNX 145% |
| Semiconductor Materials & Equipment | 26 | 100.7% | 77.9% | 89.0% | AXTI 755% · AEHR 715% · KLAC 380% |
| Communications Equipment ← | 36 | 22.0% | 85.1% | 73.6% | AAOI 1214% · FEIM 960% · LITE 947% |
| Electronic Components | 26 | 33.2% | 61.2% | 61.6% | CLS 3805% · BELFA 1273% · COHR 390% |
| Technology Hardware, Storage & Peripherals | 20 | 37.6% | 78.5% | 48.5% | DELL 1179% · STX 1013% · SMCI 983% |
| Semiconductors | 55 | 24.9% | 25.0% | 33.5% | POET 1744% · MU 1249% · NVDA 906% |
| Internet Services & Infrastructure | 6 | 11.5% | 42.2% | 19.5% | DOCN 62% · VRSN 41% · GDDY 36% |
| Electronic Equipment & Instruments | 26 | -15.6% | 5.6% | -10.6% | PI 213% · OSIS 115% · ACFN 105% |
| IT Consulting & Other Services | 28 | -22.5% | -13.1% | -27.0% | CHRN 529637% · APLD 1174% · TSSI 684% |
| Application Software | 122 | -28.7% | -15.0% | -44.9% | VIDA 165355% · INLX 5104% · PLTR 514% |
| Systems Software | 68 | -16.1% | 10.0% | -57.8% | QNC 467% · ZETA 381% · PANW 372% |
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Energous Earnings Notes | 12/16/2025 | |
| Is Energous Stock Built to Withstand More Downside? | 10/17/2025 |
| Title | |
|---|---|
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 42.34 |
| Mkt Cap | 10.0 |
| Rev LTM | 2,882 |
| Op Inc LTM | 53 |
| FCF LTM | 301 |
| FCF 3Y Avg | 8 |
| CFO LTM | 842 |
| CFO 3Y Avg | 601 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 13.8% |
| Rev Chg 3Y Avg | 13.2% |
| Rev Chg Q | 27.6% |
| QoQ Delta Rev Chg LTM | 6.4% |
| Op Inc Chg LTM | 31.5% |
| Op Inc Chg 3Y Avg | 16.0% |
| Op Mgn LTM | 1.1% |
| Op Mgn 3Y Avg | -7.0% |
| QoQ Delta Op Mgn LTM | 0.3% |
| CFO/Rev LTM | 15.3% |
| CFO/Rev 3Y Avg | 15.6% |
| FCF/Rev LTM | 7.3% |
| FCF/Rev 3Y Avg | 0.9% |
Price Behavior
| Market Price | $11.66 | |
| Market Cap ($ Bil) | 0.1 | |
| First Trading Date | 03/28/2014 | |
| Distance from 52W High | -67.0% | |
| 50 Days | 200 Days | |
| DMA Price | $14.06 | $15.43 |
| DMA Trend | up | down |
| Distance from DMA | -17.1% | -24.5% |
| 3M | 1YR | |
| Volatility | 88.7% | 112.6% |
| Downside Capture | 446.88 | 286.42 |
| Upside Capture | -9.00 | 294.27 |
| Correlation (SPY) | 34.5% | 29.9% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 5.33 | 3.41 | 2.83 | 3.16 | 2.55 | -0.56 |
| Up Beta | 10.91 | 8.73 | 5.28 | 3.91 | 3.04 | 1.03 |
| Down Beta | 5.93 | 1.11 | 1.87 | 1.18 | 1.16 | 5.80 |
| Up Capture | -33% | -131% | -2% | 500% | 713% | -0% |
| Bmk +ve Days | 10 | 21 | 32 | 68 | 138 | 427 |
| Stock +ve Days | 11 | 18 | 28 | 59 | 118 | 319 |
| Down Capture | 539% | 456% | 336% | 251% | 175% | 92% |
| Bmk -ve Days | 11 | 21 | 32 | 59 | 113 | 324 |
| Stock -ve Days | 10 | 24 | 36 | 68 | 132 | 411 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with WATT | |
|---|---|---|---|---|
| WATT | 62.7% | 112.3% | 0.93 | - |
| Sector ETF (XLK) | 38.8% | 26.4% | 1.21 | 32.6% |
| Equity (SPY) | 16.6% | 12.9% | 0.92 | 30.1% |
| Gold (GLD) | 17.4% | 29.3% | 0.55 | 17.5% |
| Commodities (DBC) | 45.8% | 20.7% | 1.72 | -3.5% |
| Real Estate (VNQ) | 5.7% | 13.5% | 0.16 | 3.0% |
| Bitcoin (BTCUSD) | -34.9% | 43.9% | -0.85 | 11.5% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with WATT | |
|---|---|---|---|---|
| WATT | -61.9% | 1,126.8% | 0.44 | - |
| Sector ETF (XLK) | 19.8% | 25.9% | 0.68 | 0.2% |
| Equity (SPY) | 12.6% | 17.2% | 0.56 | 0.7% |
| Gold (GLD) | 18.9% | 18.8% | 0.81 | -2.8% |
| Commodities (DBC) | 11.7% | 19.6% | 0.47 | 1.0% |
| Real Estate (VNQ) | 1.0% | 18.8% | -0.05 | -0.4% |
| Bitcoin (BTCUSD) | 10.4% | 52.5% | 0.38 | 2.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with WATT | |
|---|---|---|---|---|
| WATT | -49.3% | 803.1% | 0.33 | - |
| Sector ETF (XLK) | 24.2% | 25.0% | 0.88 | 1.4% |
| Equity (SPY) | 15.1% | 18.0% | 0.71 | 1.9% |
| Gold (GLD) | 12.0% | 16.4% | 0.60 | -2.0% |
| Commodities (DBC) | 8.5% | 18.1% | 0.39 | 1.0% |
| Real Estate (VNQ) | 4.4% | 20.7% | 0.17 | 0.9% |
| Bitcoin (BTCUSD) | 62.0% | 66.1% | 1.02 | 1.6% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 9/14/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/12/2026 | -12.2% | -24.9% | -33.3% |
| 5/13/2026 | 11.7% | 7.0% | 0.4% |
| 3/25/2026 | -5.0% | -13.4% | 29.3% |
| 1/13/2026 | -6.1% | 13.9% | 79.6% |
| 11/12/2025 | -6.3% | -9.7% | -31.5% |
| 7/29/2025 | -1.0% | -96.8% | -38.8% |
| 5/13/2025 | -5.6% | -4.0% | -4.0% |
| 2/27/2025 | -2.9% | -13.3% | -23.6% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 7 | 7 | 7 |
| # Negative | 18 | 18 | 18 |
| Median Positive | 3.7% | 8.4% | 25.2% |
| Median Negative | -5.9% | -14.1% | -23.4% |
| Max Positive | 11.7% | 13.9% | 79.6% |
| Max Negative | -26.0% | -96.8% | -67.0% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/12/2026 | -12.2% | -24.9% | -33.3% |
| 5/13/2026 | 11.7% | 7.0% | 0.4% |
| 3/25/2026 | -5.0% | -13.4% | 29.3% |
| 1/13/2026 | -6.1% | 13.9% | 79.6% |
| 11/12/2025 | -6.3% | -9.7% | -31.5% |
| 7/29/2025 | -1.0% | -96.8% | -38.8% |
| 5/13/2025 | -5.6% | -4.0% | -4.0% |
| 2/27/2025 | -2.9% | -13.3% | -23.6% |
| 11/12/2024 | -3.4% | -12.5% | -44.5% |
| 8/8/2024 | -5.6% | -15.8% | -8.9% |
| 5/14/2024 | 2.6% | -4.5% | -23.1% |
| 3/28/2024 | -10.3% | -5.9% | -31.0% |
| 11/9/2023 | -26.0% | -20.7% | -21.4% |
| 8/10/2023 | -6.6% | -56.1% | -67.0% |
| 5/10/2023 | -5.2% | -15.4% | -14.8% |
| 3/9/2023 | -11.3% | -17.7% | -20.8% |
| 11/3/2022 | -9.9% | -12.4% | -17.4% |
| 8/10/2022 | 1.5% | 7.5% | 3.7% |
| 5/11/2022 | -3.0% | 11.3% | 25.2% |
| 2/24/2022 | 9.3% | 0.9% | 13.1% |
| 11/15/2021 | 0.0% | -18.2% | -24.6% |
| 7/29/2021 | 3.7% | 11.5% | -1.6% |
| 5/12/2021 | -4.6% | 8.4% | 26.6% |
| 2/26/2021 | 7.3% | -14.9% | -14.0% |
| 11/9/2020 | -8.5% | -12.4% | -24.4% |
| SUMMARY STATS | |||
| # Positive | 7 | 7 | 7 |
| # Negative | 18 | 18 | 18 |
| Median Positive | 3.7% | 8.4% | 25.2% |
| Median Negative | -5.9% | -14.1% | -23.4% |
| Max Positive | 11.7% | 13.9% | 79.6% |
| Max Negative | -26.0% | -96.8% | -67.0% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/13/2026 | 10-Q |
| 03/31/2026 | 05/14/2026 | 10-Q |
| 12/31/2025 | 03/26/2026 | 10-K |
| 09/30/2025 | 11/13/2025 | 10-Q |
| 06/30/2025 | 07/31/2025 | 10-Q |
| 03/31/2025 | 05/13/2025 | 10-Q |
| 12/31/2024 | 02/27/2025 | 10-K |
| 09/30/2024 | 11/13/2024 | 10-Q |
| 06/30/2024 | 08/12/2024 | 10-Q |
| 03/31/2024 | 05/14/2024 | 10-Q |
| 12/31/2023 | 03/28/2024 | 10-K |
| 09/30/2023 | 11/14/2023 | 10-Q |
| 06/30/2023 | 08/15/2023 | 10-Q |
| 03/31/2023 | 05/17/2023 | 10-Q |
| 12/31/2022 | 03/30/2023 | 10-K |
| 09/30/2022 | 11/10/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/13/2026 | 10-Q |
| 03/31/2026 | 05/14/2026 | 10-Q |
| 12/31/2025 | 03/26/2026 | 10-K |
| 09/30/2025 | 11/13/2025 | 10-Q |
| 06/30/2025 | 07/31/2025 | 10-Q |
| 03/31/2025 | 05/13/2025 | 10-Q |
| 12/31/2024 | 02/27/2025 | 10-K |
| 09/30/2024 | 11/13/2024 | 10-Q |
| 06/30/2024 | 08/12/2024 | 10-Q |
| 03/31/2024 | 05/14/2024 | 10-Q |
| 12/31/2023 | 03/28/2024 | 10-K |
| 09/30/2023 | 11/14/2023 | 10-Q |
| 06/30/2023 | 08/15/2023 | 10-Q |
| 03/31/2023 | 05/17/2023 | 10-Q |
| 12/31/2022 | 03/30/2023 | 10-K |
| 09/30/2022 | 11/10/2022 | 10-Q |
| 06/30/2022 | 08/16/2022 | 10-Q |
| 03/31/2022 | 05/16/2022 | 10-Q |
| 12/31/2021 | 03/23/2022 | 10-K |
| 09/30/2021 | 11/15/2021 | 10-Q |
| 06/30/2021 | 08/11/2021 | 10-Q |
| 03/31/2021 | 05/17/2021 | 10-Q |
| 12/31/2020 | 03/24/2021 | 10-K |
| 09/30/2020 | 11/09/2020 | 10-Q |
| 06/30/2020 | 08/10/2020 | 10-Q |
| 03/31/2020 | 05/11/2020 | 10-Q |
| 12/31/2019 | 03/13/2020 | 10-K |
| 09/30/2019 | 11/12/2019 | 10-Q |
Industry Resources
| Information Technology Resources |
| TechCrunch |
| Wired |
| CIO |
| MIT Technology Review |
| Gartner Insights |
| Ars Technica |
| Communications Equipment Resources |
| Light Reading |
| Fierce Network |
| Telecoms.com |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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