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Fly News Breaks for November 8, 2019
WATT
Nov 8, 2019 | 08:25 EDT
Roth Capital analyst William Gibson noted that Energous lost a bit more than he expected in the third quarter and royalties from sales of the company's WattUp wireless charging technology continue to lag expectations, leading him to lower his estimates "once again." Gibson cut his price target for Energous shares to $7.00 from $8.20, but still believes commercialization of WattUp "is a question of when, not if," leading him to maintain a Buy rating on the stock.
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