Market Overview

This Company Has Multi-Billion Dollar Disruptive Potential In Wireless Charging

This Company Has Multi-Billion Dollar Disruptive Potential In Wireless Charging

  • Ladenburg Thalmann believes Energous Corp (NASDAQ: WATT)’s wireless charging technology has major disruptive potential.
  • The firm projects that the wireless charging market could grow to be a multi-billion dollar annual business.
  • Energous has a partnership with a confidential Tier 1 electronics company that could begin rolling out WattUp-equipped devices as soon as 2017.
  • 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.

    Related Link: UPDATE: Ladenburg Says Energous Wireless Technology "The Only Solution..."

    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.


    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 Domain

    Posted-In: Daniel AmirAnalyst Color Long Ideas Price Target Initiation Analyst Ratings Tech Trading Ideas Best of Benzinga


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