Energous Surges 5.6% on Record Revenue Hype—But Can the Momentum Hold?

Summary
• Energous (WATT) rockets 5.6% to $5.84, clawing back from a 14% intraday plunge to its 52-week low of $3.62
• Preliminary 2025 revenue jumps 630% to $5.6M, with Q4 revenue up 139% to $3.0M
• $23.9M equity raise and 25,000 PowerBridge units shipped fuel commercial optimism

Today’s volatile session for Energous underscores a dramatic reversal of fortune. After opening at $6.83 and cratering to $5.84—the lowest since 2024—investors have rallied to the stock, driven by the company’s record revenue surge and strategic milestones. The 5.6% intraday gain masks a broader narrative of financial restructuring and product expansion, though the stock remains 63% below its 2025 peak of $18.36.

2025 Revenue Surge Ignites Short-Term Optimism
Energous’ 5.6% rebound stems from its preliminary 2025 financial results, which revealed a 630% year-over-year revenue jump to $5.6M and a 139% Q4 sequential increase to $3.0M. The company also raised $23.9M in equity, eliminated debt, and shipped over 25,000 PowerBridge units. These milestones—coupled with Amazon Marketplace and AWS partner network integrations—have reignited investor confidence. However, the stock’s 14% intraday drop to $5.84 highlights lingering skepticism about the sustainability of this momentum, particularly given the 52-week low of $3.62 and a dynamic PE ratio of -1.15.

Technical Setup: Overbought RSI and MACD Crossover Signal Caution
• RSI: 72.05 (overbought), MACD: -0.189 (bullish histogram), 200-day MA: $3.86 (below current price), Bollinger Bands: $5.55 (upper), $4.49 (middle), $3.44 (lower)

The technical landscape for WATT is a mixed bag. While the RSI at 72.05 suggests overbought conditions and the MACD histogram (0.238) indicates bullish momentum, the stock remains 63% below its 52-week high of $18.36. The 200-day MA at $3.86 acts as a critical support level, and the Bollinger Bands show extreme volatility, with the upper band at $5.55 and lower band at $3.44. Aggressive traders might consider a bull call spread if the stock breaks above $5.55, but the lack of options liquidity and a negative PE ratio (-1.15) warrant caution. With no leveraged ETFs available, the focus remains on key price levels and earnings catalysts.

Backtest Energous Stock Performance
The backtest of WATT's performance after a 6% intraday increase from 2022 to now shows mixed results. The 3-Day win rate is 41.22%, the 10-Day win rate is 35.85%, and the 30-Day win rate is 30.73%. However, the ETF experienced a maximum return of only 0.33% over the 30-Day period, with a maximum return day on January 12, 2026. This suggests that while there were opportunities for gains, they were not consistently capitalized on, and the overall performance was lackluster.

Watch for $3.44 Support or Sector Catalysts—Act Now
Energous’ 5.6% rebound is a short-term victory, but the stock remains vulnerable to a breakdown below $3.44—the lower Bollinger Band and 52-week low. Investors should monitor the 200-day MA at $3.86 and the sector leader Cisco (CSCO), which rose 0.8% today. A sustained close above $5.55 could reignite bullish momentum, but the negative PE ratio and debt-free balance sheet suggest a cautious approach. Act now: Buy a straddle if the stock consolidates near $5.84, or exit long positions if the $3.44 level fails.