Oppenheimer Remains Sidelined on Energous (WATT) Following FCC Aproval

Oppenheimer reiterates a Perform rating on Energous Corp (NASDAQ: WATT) after the company reached a major milestone last week, the first FCC approval for a distance charging solution. With FCC approval, Energous now has a framework to follow.

The FCC approval should provide a pathway for products to get faster approval. More importantly, it provides firm parameters for Energous to focus its R&D on improving power transfer. Oppenheimer expects the first products to be hearables and IoT accessories that require low power charge. Analysts expect the volumes to be small and keeps $3.9M revenue estimate for 2018.

For an analyst ratings summary and ratings history on Energous Corp click here. For more ratings news on Energous Corp click here.

Shares of Energous Corp closed at $21.83 yesterday.

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