Energous jumps on news that Apple is working on a wireless charging attachment for the newest iPhones.
The battery pack would attach to the back of an iPhone 12 using the MagSafe system, which all the new iPhones use for charging and pairing other accessories such as cases and wallets.
Energous develops WattUp wireless power technology that consists of semiconductor chipsets, software controls, hardware designs, and antennas that enables radio frequency based wire-free charging for electronic devices.
Energous had said in a regulatory filing that its WattUp product will undergo compliance testing with Apple, according to CNA Finance, but there was no reference to a partnership.
This has been confirmed as fake because it would be impossible. They use two totally different types of technology. WATT is about to crash on Monday so I don’t know why its still rated buy? It’s already down 15% post market from the news about it being impossible.
AlenCiken
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@cysilvershell, The stock reacted to the bloomberg article rumor.......where is rated buy?