Roth MKM lowered the firm’s price target on Energous to $4 from $20 and keeps a Buy rating on the shares. The activity over the last several quarters reflects the company’s focus on smart IoT wireless power transfer applications, the analyst tells investors in a research note. Despite the recent management changes, Energous has already completed multiple POC to production, and the firm expects deployment phase opportunities next, Roth MKM added.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WATT:
- Energous reports FY23 EPS ($4.15) vs. ($6.78) last year
- Energous Announces Major Leadership Changes and Strategy Shift
- Energous CEO Cesar Johnston no longer serving in that role
- Two new option listings and option delistings on February 26th
- WATT Earnings Report this Week: Is It a Buy, Ahead of Earnings?