Energous price target lowered to $1.50 from $2 at Roth MKM

Roth MKM analyst Suji Desilva lowered the firm’s price target on Energous to $1.50 from $2 and keeps a Buy rating on the shares. The firm believes Energous has developed next generation RF-based wireless power transfer technology with significant advantages versus first generation coil-based charging. Roth added that it is encouraged by the successful funding executive following earnings.