More specifically, D E Shaw was the largest shareholder of Energous Corporation (NASDAQ:WATT), with a stake worth $1.1 million reported as of the end of September. 2 years ago Shares of Energous (NASDAQ: WATT) have plummeted today, down by 25% as … These bearish behaviors are interesting, as total hedge fund interest fell by 2 funds by the end of the third quarter. Unfortunately WATT wasn't nearly as popular as these 20 stocks and hedge funds that were betting on WATT were disappointed as the stock returned -31.2% since the end of September (through 11/27) and underperformed the market. Tip: Try a valid symbol or a specific company name for relevant results Algert Global, Millennium Management, and OZ Management were also very fond of the stock, becoming one of the largest hedge fund holders of the company. Recall shares of Energous skyrocketed nearly 170% last Wednesday when it announced an industry-first FCC certification for its WattUp Mid-Field transmitter, which … Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. Raymond James will receive a 2.5% commission on the gross proceeds. Will a New Partnership Recharge Energous' Stock? The all time high for this statistics is 8. Energous Corporation (NASDAQ: WATT), the developer of WattUp®, a revolutionary wireless charging 2.0 technology, today announced it will present at the 13th Annual LD Micro Main Event Conference on December 15 What happened After pulling back hard on Friday -- albeit after a stunning rally early last week following the FCC approval of a compelling new wireless charging product -- shares of Energous Corporation (NASDAQ: WATT) were up 16.6% as of 3:30 p.m. EST Tuesday ahead of this year's Consumer Electronics Show in Las Vegas. Returns as of 01/06/2021. Our research has shown that hedge funds' small-cap stock picks managed to beat the market by double digits annually between 1999 and 2016, but the margin of outperformance has been declining in recent years. As you can see these stocks had an average of 3.6 hedge funds with bullish positions and the average amount invested in these stocks was $6 million. You can subscribe to our free daily newsletter on our website. On Dec. 26, Energous announced that the FCC had certified its WattUp Mid Field transmitter, the first such certification for a power-at-a-distance wireless charging transmitter. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. What happened Sign Up Log In Dashboard Logout My Account Dashboard Profile Saved items Logout News Local Crime State & Regional Politics Business National World … Nevertheless, we were still able to identify in advance a select group of hedge fund holdings that outperformed the S&P 500 ETFs by 66 percentage points since March 2017 (see the details here). Tumbled Today @themotleyfool #stocks $WATT, FCC's certification of the company's WattUp Mid Field transmitter. And Energous has only enough cash to get them to about October 1 if their spending remains about like it was in the first quarter, so they’re probably looking for opportunities to do a stock offering. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. Energous began shipping chips through partner Dialog Semiconductor in limited quantities during the fourth quarter of 2017, but these shipments were not recognized as revenue. These stocks are BayCom Corp (NASDAQ:BCML), Oxford Square Capital Corp. (NASDAQ:OXSQ), Cidara Therapeutics Inc (NASDAQ:CDTX), Intellicheck Inc. (NASDAQ:IDN), Security National Financial Corp. (NASDAQ:SNFCA), First Business Financial Services Inc (NASDAQ:FBIZ), and First Bank (NASDAQ:FRBA). Image source: Energous. Because Energous Corporation (NASDAQ:WATT) has experienced falling interest from hedge fund managers, we can see that there was a specific group of money managers who sold off their positions entirely by the end of the third quarter. So, let's review which hedge funds were among the top holders of the stock and which hedge funds were making big moves. Energous's claim of creating 3D pockets of energy is pure fiction. This is a slightly positive signal but we'd rather spend our time researching stocks that hedge funds are piling on. Shares of Energous Corp. (NASDAQ:WATT) slumped on Friday after the company disclosed in a filing with the SEC that it entered into an agreement to sell as … That’s a sharp contrast to what happened with Saudi Arabia. How to Best Use Insider Monkey To Increase Your Returns, 7 Happiest Highest Job Satisfaction Nursing Specialties, Democrats inch closer to retaking the U.S. Senate as Warnock declared the winner in Georgia runoff and Ossoff pulls ahead, Warnock makes history with Senate win as Dems near majority, 'Trump is my president': Protesters gather in DC a day before Congress certifies election, clash with police at night, A homeless man was struggling to pay for basic necessities until he walked into a gas station: 'Oh my God', Trump blasts niece's 'conspiracy theories' as he seeks fraud lawsuit's dismissal. Stocks with higher number of hedge fund positions relative to other stocks as well as relative to their historical range receive a higher sentiment score. All of these stocks' market caps match WATT's market cap. Energous has entered into an agreement with the company Raymond James, through which it will sell up to $40 million of common stock. Shares of Energous Corp (NASDAQ: WATT) gained 30 percent Thursday morning after the maker of wireless charging technologies announced its first customer product approval. With all of this in mind we're going to take a gander at the new hedge fund action surrounding Energous Corporation (NASDAQ:WATT). Devices being wirelessly charged in a kitchen. Heading into the fourth quarter of 2020, a total of 6 of the hedge funds tracked by Insider Monkey were bullish on this stock, a change of -25% from the previous quarter. Energous expects to report just $0.03 million of revenue for the fourth quarter, along with GAAP operating expenses between $11.2 million and $11.5 million. Stock Advisor launched in February of 2002. What's that all about? This sale will dilute the positions of existing investors. My last coverage of Energous was during the Christmas/New Year week when they announced a "new product" that happened to be a rebadging of a previous release from 8 months prior. Company Name: Energous Corp., Stock Symbol: WATT, Industry: Electronics and components, Total Posts: 1698, Last Post: 12/24/2020 12:41:46 PM Patent #: 9124125 Issue Date: 09/01/2015 Summary: The present disclosure describes a methodology for wireless power transmission based on … However, Energous "expects that its chip revenue will remain at modest levels through the third quarter of 2018, with opportunities for growth thereafter.". WATT was in 6 hedge funds' portfolios at the end of the third quarter of 2020. “What we witnessed has been a strong market demand from all corners of the mobile and battery power devices market,” Holmes told investors attending a conference call on November 11 . Disclosure: None. The company had $12.8 million of cash and cash equivalents at the end of 2017, a number that will be boosted when the company sells additional shares. Energous Corporation (NASDAQ:WATT) went up by 10.13% from its latest closing price when compared to the 1-year high value of $4.78 and move down -83.14%, while WATT stocks collected +20.83% of gains with the last five trading sessions. Energous Corp (WATT) Q2 2019 Earnings Call Transcript, Energous Corp (WATT) Q1 2019 Earnings Call Transcript, Energous (WATT) Q4 2018 Earnings Conference Call Transcript, Copyright, Trademark and Patent Information. FCC regulations limit the transmitting of power through radio waves to milliwatt levels. We have been tracking and sharing the list of these stocks since February 2017 in our quarterly newsletter. On February 23, 2017, fourteen new non-executive employees were issued … One of their picks is Energous Corporation (NASDAQ:WATT), so let’s take a closer look at the sentiment that surrounds it in the current quarter. He's a value investor at heart, doing his best to avoid hyped-up nonsense. At the top of the heap, Donald Sussman's Paloma Partners dropped the biggest position of all the hedgies tracked by Insider Monkey, valued at about $0.5 million in stock, and Ryan Tolkin (CIO)'s Schonfeld Strategic Advisors was right behind this move, as the fund dropped about $0.2 million worth. This news comes a few weeks after the stock spiked following the FCC's certification of the company's WattUp Mid Field transmitter. WATT investors should pay attention to a decrease in activity from the world's largest hedge funds recently. Cidara Therapeutics Inc (NASDAQ:CDTX) is the most popular stock in this table. There were 8 hedge funds in our database with WATT positions at the end of the second quarter. – 5 stars review On Wallet Investor, there is a very inspiring list of various kinds of instruments that one can get analysis about. Energous expects to recognize "modest levels" of chip revenue in the first quarter of 2018. That is because the Jun 19, 2020 $2.50 Put had some of the highest implied volatility of all What happened Shares of Energous Corp. (NASDAQ: WATT) slumped on Friday after the company disclosed in a filing with the SEC that it entered into … What Happened The FCC granted a certification for Energous' WattUp Near Field transmitter, which runs at 900 MHz. For example, Federal Reserve has been creating trillions of dollars electronically to keep the interest rates near zero. After all, previously the stock was hyped based on what Energous no longer claims to be able to do. On the other hand Intellicheck Inc. 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