- The stock price of Energous Corp (NASDAQ: WATT) is trading at over 30% pre-market. This is why it happened.
The stock price of Energous Corp (NASDAQ: WATT) is trading at over 30% pre-market as of 6:51 AM ET. This appears to be a sympathy play around a report by Bloomberg that Apple is working on a magnetic battery pack.
Apple is reportedly working on a magnetically attached battery pack for the newest iPhones, which is an accessory that could wirelessly charge handsets.
Energous’ WattUp wireless charging 2.0 technology — which enables contact and distance charging — provides a number of possible benefits for wireless charging, including the ability to be designed into devices with non-flat surfaces. And it also eliminates cords along with inputs/outputs on a device, enabling products to be waterproof and able to withstand harsh outdoor environments.
Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.
