NEW YORK, May 21, 2026, 06:04 EDT
- Energous shares ended Wednesday at $25.27, up 11.03%. The Nasdaq-listed firm now has a market cap near $139 million.
- Nasdaq traded in the pre-market. The regular session goes from 9:30 a.m. to 4:00 p.m. Eastern. Looking ahead, the next scheduled 2026 market holiday is Memorial Day on May 25.
- The Nasdaq Composite added 1.5% on Wednesday and the Russell 2000 small-cap index was up 2.6%. The move came as both indexes posted gains.
Energous Corp stock heads into Thursday holding most of Wednesday’s sharp jump. Traders are watching the small wireless-power player after its Q1 report posted faster revenue but showed the company still leans on just a few customers.
Why it matters now: WATT is starting to face different questions from investors. The focus has shifted from whether Energous can build up a big patent portfolio to whether it can use those patents to go beyond trial deployments and generate reliable commercial revenue.
Energous Corporation said first-quarter revenue jumped to $3.08 million from $343,000 a year ago. Net loss narrowed to $1.66 million, or 43 cents per share, compared with a loss of $3.37 million, or $3.55 per share, last year. By GAAP, the San Jose, California-based company still posted a loss.
Mallorie Burak, CEO and CFO, called the quarter a “defining moment” and said Energous is shifting from tech validation to commercial rollout. Revenue climbed for a fifth quarter. The company pointed to two active Fortune 10 deployments. One is a U.S. retail rollout with about 4,700 targeted sites, and over 1,500 locations are already installed.
Amazon Web Services was back in the spotlight on the latest call. Pipeline Data’s Mark Gomes asked management about AWS launches. Burak said 50-plus launches on the AWS partner page doesn’t mean 50 customers. She said a launch is “more like an order.” Investing
Competition doesn’t just come from rival wireless power tech. On a call about logistics, Chief Strategy and Growth Officer Giampaolo Marino named Trackonomy, saying UPS uses it for battery-powered Bluetooth Low Energy asset tracking. He said Energous wants to cut out batteries and bring down ownership costs. Bluetooth Low Energy tech is typically found in short-range tags and sensors.
Energous reported $36.6 million in cash on hand at the end of March, after raising $31.9 million in net proceeds through an at-the-market stock sale. The company said it hasn’t sold any shares through the program since March 19, and does not expect to tap it over the coming year.
Risks are clear for Energous. The company reported that about 83% of its first-quarter revenue came from just two customers. In its quarterly filing, Energous warned that enterprise customers might take more time to adopt its technology than the company hopes. It also flagged that it may need more financing, and there’s no guarantee it will get favorable terms.
WATT’s story is cleaner than last year, but challenges are still there. The company now needs its pipeline to convert to bigger deployments quickly, or losses, exposure to a handful of customers, and dilution from recent share offerings will stack up.
