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Fly News Breaks for March 2, 2020
WATT
Mar 2, 2020 | 16:48 EDT
Roth Capital analyst William Gibson assumed coverage of Energous with a Buy rating and $7 price target, citing the company having developed the next generation of RF-based wireless power transfer technology with significant advantages versus first generation coil-based charging. The analyst also notes that its operating expense levels have stabilized and that he expects Energous to steadily improve margins as it scales revenue.
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