Energous (WATT) AI Stock Analysis

• Market Cap: $15.11M
• Dividend Yield: N/A
• Average Volume (3M): 155.47K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.11
• Revenue Growth: 433.51%
• EPS Growth: 71.19%
• Country: US
• Employees: 26
• Sector: Technology
• Sector Strength: 88
• Industry: Hardware, Equipment & Parts
• EPS (TTM): -2.40
• Shares Outstanding: 1,824,844
• 10 Day Avg. Volume: 348,285
• 30 Day Avg. Volume: 155,465
• PEG Ratio: 0.31
• Price to Book (P/B): -201.25
• Price to Sales (P/S): 282.22
• P/FCF Ratio: -12.25
• Enterprise Value/Market Cap: 0.18
• Enterprise Value/Revenue: 1.35
• Enterprise Value/Gross Profit: 5.11
• Enterprise Value/Ebitda: -0.21
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 46 Neutral
• Price Target: $8.50 ▲(2.41% Upside)

Energous's overall stock score is primarily impacted by its weak financial performance, characterized by declining revenues and high leverage. Technical analysis provides some short-term positive signals, but the long-term outlook remains bearish. Valuation is poor due to negative earnings and lack of dividends, further weighing down the score.

Energous Business Overview & Revenue Model

Company Description

Energous Corporation develops wireless charging solutions. The company develops WattUp wireless power technology that consists of semiconductor chipsets, software controls, hardware designs, and antennas that enables radio frequency-based charging for electronic devices. The company's products are used in building and home automation, electronic shelf labels, industrial IoT sensors, surface and implanted medical devices, tracking devices, hearables, wearables, consumer electronics, and public safety applications. Energous Corporation was formerly known as DvineWave Inc. and changed its name to Energous Corporation in January 2014. The company was incorporated in 2012 and is headquartered in San Jose, California.

How the Company Makes Money

Energous generates revenue through the licensing of its WattUp technology to manufacturers and developers of electronic devices. The company typically enters into partnerships with various hardware manufacturers who integrate its wireless charging technology into their products. This licensing model allows Energous to earn royalties based on the sales of the devices that utilize its technology. Additionally, Energous may generate revenue through the sale of its own proprietary charging systems and through collaborations with firms in sectors such as consumer electronics and IoT, where the demand for wireless charging solutions is rapidly increasing.

Energous Financial Statement Overview

Summary

Energous faces significant financial challenges with declining revenues, persistent losses, and high leverage. The company struggles with cash flow management and relies heavily on external financing. Immediate strategic changes are necessary to improve financial health and sustainability.

Income Statement

Energous shows a declining revenue trend with significant negative net income, indicating persistent losses. The gross profit margin is extremely low, and the company has negative EBIT and EBITDA margins, reflecting operational inefficiencies and high costs relative to revenue.

Balance Sheet

The balance sheet reveals high leverage with negative stockholders' equity, indicating financial instability. The debt-to-equity ratio is not meaningful due to negative equity, and the equity ratio is negative, highlighting potential solvency issues.

Cash Flow

Cash flow analysis shows negative operating and free cash flows, indicating cash burn. The company relies on financing activities to support operations, which is unsustainable long-term. The operating cash flow to net income ratio is negative, reflecting cash inefficiencies.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.98M	768.00K	474.18K	851.32K	756.79K	327.35K
Gross Profit	523.00K	12.00K	195.10K	-426.24K	756.79K	200.81K
EBITDA	-12.47M	-16.84M	-21.55M	-25.64M	-37.16M	-30.78M
Net Income	-13.70M	-18.40M	-19.37M	-26.28M	-41.43M	-31.83M
Balance Sheet
Total Assets	12.34M	3.79M	16.68M	29.75M	51.37M	53.14M
Cash, Cash Equivalents and Short-Term Investments	8.66M	1.35M	13.94M	26.29M	49.07M	50.73M
Total Debt	1.61M	1.49M	1.26M	1.97M	668.72K	1.40M
Total Liabilities	3.56M	4.87M	5.18M	5.11M	4.39M	4.09M
Stockholders Equity	8.77M	-1.08M	11.50M	24.65M	46.98M	49.05M
Cash Flow
Free Cash Flow	-14.38M	-17.70M	-19.44M	-23.80M	-29.09M	-24.93M
Operating Cash Flow	-14.28M	-17.57M	-19.25M	-23.64M	-28.72M	-24.79M
Investing Cash Flow	-102.00K	-123.00K	-187.08K	-164.99K	-365.74K	-136.63K
Financing Cash Flow	18.18M	5.11M	7.08M	1.02M	27.43M	53.97M

Energous Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 8.30
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For WATT, the sentiment is Negative. The current price of 8.3 is below the 20-day moving average (MA) of 8.32, above the 50-day MA of 7.97, and below the 200-day MA of 10.06, indicating a neutral trend. The MACD of 0.27 indicates Negative momentum. The RSI at 49.12 is Neutral, neither overbought nor oversold. The STOCH value of 26.25 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for WATT.

Energous Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
LPTH	55 Neutral	$328.33M	-22.29	-37.15%	―	17.26%	-70.07%
MEI	53 Neutral	$247.58M	-4.69	-7.62%	6.97%	-4.91%	61.77%
WATT	46 Neutral	$15.11M	-0.28	-232.47%	―	433.51%	71.19%
MVIS	46 Neutral	$355.14M	-2.95	-115.11%	―	-71.30%	17.62%
WBX	46 Neutral	$77.81M	―	-184.98%	―	-11.22%	6.15%
GNSS	41 Neutral	$98.44M	-3.48	-177.60%	―	8.95%	14.34%

Energous Corporate Events

Energous Secures $5 Million in Recent Financing Deals

On September 10, 2025, Energous Corporation entered into a securities purchase agreement with an institutional investor for a registered direct offering, resulting in the issuance of shares and warrants, with the transaction closing on September 11, 2025. The company expects net proceeds of approximately $4.1 million, which will be used for working capital and general corporate purposes. Additionally, Energous announced a concurrent warrant exercise transaction, leading to the issuance of new unregistered warrants, with the overall transactions expected to generate gross proceeds of around $5 million. These financial maneuvers aim to strengthen Energous’ market position and operational capabilities.

The most recent analyst rating on (WATT) stock is a Hold with a $9.00 price target. To see the full list of analyst forecasts on Energous stock, see the WATT Stock Forecast page.

Energous Secures Nasdaq Listing with Bid Price Compliance

Energous Corporation received an extension from Nasdaq to comply with the $1.00 minimum bid price requirement, which it successfully met by August 25, 2025, ensuring its continued listing on the Nasdaq Capital Market.

The most recent analyst rating on (WATT) stock is a Sell with a $7.00 price target. To see the full list of analyst forecasts on Energous stock, see the WATT Stock Forecast page.

Energous Announces Reverse Stock Split Effective August 11

On August 7, 2025, Energous Corporation announced a 1-for-30 reverse stock split of its common stock, effective August 11, 2025, to comply with Nasdaq’s minimum bid price requirement. This move, approved by stockholders in June 2025, will see every thirty shares combined into one, with cash payments for fractional shares, ensuring no change in the par value or voting rights. The stock will continue trading under the symbol ‘WATT’ with a new CUSIP number, impacting all stockholders uniformly and adjusting equity awards and securities proportionately.

Energous Corp. Reports Record Revenue and Strategic Growth

Energous Corporation, operating as Energous Wireless Power Solutions, is a leader in the development of scalable, over-the-air wireless power networks, primarily serving industries focused on enterprise infrastructure modernization and asset tracking. The company is known for its innovative wireless power transmitter and receiver technologies that support battery-free devices.