🎁 💸 Warren Buffett's Top Picks Are Up +49.1%. Copy Them to Your Watchlist – For FreeCopy Portfolio

Citron Research tweets Energous' "history of deception"; shares drop 6.4%

Published 12/29/2017, 10:03 AM
© Reuters.  Citron Research tweets Energous' "history of deception"; shares drop 6.4%
AAPL
-
WATT
-
  • Energous (NASDAQ:WATT) shares drop 6.4% after short-seller Citron Research calls out the company’s “history of deception” on Twitter.
  • Full Citron tweet: “Co has a history of deception and the recent FCC info is no different. Tech is not ready for primetime and the loss of Apple (NASDAQ:AAPL) for Dialog, death to the rumor. Roth upgrade was as ridic as their defense of Unipixel until BK. Powercast at CES will expose why WATT to $15.”
  • Background: Energous and Powercast both received FCC certification for wire-free charging technology this week. The companies will each present at CES in January.
  • Apple is reported designing its own power-management chips for future iPhones, which cut Dialog Semiconductor out of the supply chain, and went with the competing Qi standard for wireless charging. Citron suggests these movements end rumors that Energous could become an Apple supplier.
  • Citron also advises not to listen to Roth’s defense of Energous as the firm defended Uni-Pixel ahead of its bankruptcy earlier this year.
  • Previously: Energous +63% on FCC certification (Dec. 26)
  • Previously: Roth Capital raises its Energous price target; FCC chair tweets confirmation (Dec. 28)
  • Previously: Energous competitor receives FCC approval (Dec. 28)
  • Now read: Renren will acquire trucking app company


Original article

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.