Energous Corporation (WATT) AI Stock Analysis

Energous Corporation pioneers innovative wireless charging solutions centered on WattUp, a wireless power platform. WattUp combines semiconductor chipsets, software controls, specialized hardware, and antennas to deliver radio frequency-based charging that powers devices without physical contact. The technology supports a broad range of applications, including building and home automation, electronic shelf labels, and industrial IoT sensors. It also powers surface and implanted medical devices, hearables, wearables, tracking units, consumer electronics, and public safety equipment. Founded in 2012 and formerly known as DvineWave Inc., the San Jose, California-based company rebranded in January 2014.

Energous increased its revenue from $756,793 in FY2021 to $5.6M in FY2025, posting a 5-year CAGR of 76.6%. Annual revenue expanded 633.1% in FY2025, supported by a gross margin of 36.0%. Over the trailing twelve months, revenue reached $10.5M, aided by a 216.8% YoY quarterly revenue increase for the period ended June 30, 2026. However, profitability remains negative. The company reported net losses of -$41.4M in FY2021, -$26.3M in FY2022, -$19.4M in FY2023, -$18.4M in FY2024, and -$9.6M in FY2025. TTM operating margin was -101.1%, and TTM EPS was -$2.13.

As of June 30, 2026, Energous held $31.2M in cash and short-term investments against $839,000 in total debt, resulting in net cash of $30.4M. Its current ratio stood at 8.79, and debt-to-equity was 0.02. Total assets were $45.4M alongside shareholders' equity of $40.1M. Cash generation remained negative, with an operating cash flow of -$12.4M and free cash flow of -$12.5M in FY2025. Capital expenditures totaled $82,000 in FY2025, while the share count expanded 4430.0% over 5 years.

Energous trades at a price-to-sales multiple of 4.5x, above the 2.8x median of its US-listed Technology peers. Its enterprise value-to-revenue ratio is 4.1x, and EV-to-EBITDA stands at 0.1x compared to the peer median of 16.6x. With a market cap of $47.4M, the stock trades at a price-to-book ratio of 1.8x. Over the past year, WATT returned -16.0% compared to a 16.8% gain for SPY. Over a 5-year period, the stock declined 99.3%, while SPY rose 83.0%. The stock closed at $8.57 on October 16, 2026, which is 47.0% below its 200-day average.

Wall Street coverage includes 1 Strong Buy rating, with no Buy, Hold, Sell, or Strong Sell recommendations. The mean price target is $28.25, representing a 229.6% premium over the last close of $8.57. For the fiscal year ending December 31, 2026, analysts expect an EPS of -$3.39 on revenue of $15.1M. For the next fiscal year, 1 analyst projects positive EPS of $0.81 on revenue of $37.5M, reflecting 148.8% estimated revenue growth. Energous beat EPS estimates in 2 of the last 4 quarters, and its next earnings date is November 11, 2026.

This page is an AI-written research summary of Energous Corporation (WATT). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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