27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
In a new report, Ladenburg Thalmann analyst Daniel Amir explained why he believes now is the time to be loading up on shares of Energous. Amir named several compelling reasons that Energous could be poised for big gains in the next year and a half.
4 Reasons To Buy
In the report, Amir listed four reasons Energous shares could be headed much higher in the near future:
- 1. Wireless charging could become a multi-billion dollar industry.
- 2. Energous offers the only wireless charging solution that potentially could be commercially deployed within the next 18 months.
- 3. Energous currently has a confidential agreement with a Tier 1 customer, which could mean a huge rollout of Energous-integrated products as soon as 2017.
- 4. Amir projects that Energous’ revenue will increase by sevenfold to $21.5 million by 2017.
Wireless Charging Potential
Amir believes that the wide open smartphone market, which already ships more than two billion units per year, is ripe for wireless charging disruption. “We see this as a compelling point for investors who want to invest early in markets with significant growth potential,” he added.
Tier I Partner
Earlier in 2015, Energous announced an agreement with a confidential Tier 1 electronics company to embed WattUp technology in electronic devices. Amir sees this agreement as a vote of confidence in Energous’ technology. The Tier 1 partner also has plans to deploy mobile, wearables and receivers with Energous technology as soon as 2017.
Outlook
Ladenburg Thalmann has initiated coverage on Energous at Buy. The firm has issued a $14 price target for the stock based on 4.5x projected 2018 EV/Sales.
Disclosure: The author holds no position in the stocks mentioned.
Image Credit: Public Domain27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
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