Energous Corporation (WATT - Free Report) was a big mover last session, as the company saw its shares rise nearly 15% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $7.91–$31.57 in the past one-month time frame, witnessed a sharp increase yesterday.
The stock gained as an after-effect of the company receiving FCC approval for its new wireless charging product.
The company has seen no estimate revisions over the past few weeks and the Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Energous currently has a Zacks Rank #4 (Sell) while its Earnings ESP is negative.
A better-ranked stock in the Manufacturing - Electronics industry is Regal Beloit Corporation (RBC - Free Report) , which currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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