Update: Bolstered By $23 Million Secondary, ROTH Capital Initiation, And CNBC Coverage, Energous Is Gaining Steam Into January
- Energous Corporation, pioneers of a wire-free charging technology called WattUp, raised $23 million in a secondary financing led by Oppenheimer & Co., which priced on December 10.
- CEO Steve Rizzone and VP of Engineering Cesar Johnston both participated in the secondary, purchasing 14,000 and 7,000 shares, respectively.
- WATT shares, which were profiled during a CNBC segment on December 23 as a top pick for 2015, have surged 48% from the secondary price of $7/share.
- ROTH Capital initiated coverage on Energous with a “Buy” rating and $15 price target on December 22.
- Author is long WATT and expects the company’s debut at CES on January 6-9 in Las Vegas to be a positive catalyst for the stock.
Upcoming Secondary Offering By Energous A Signal For Big Upward Move?
- Energous Corporation, a development-stage company pioneering a wire-free charging technology called WattUp, released its Q3 update on Monday, November 10.
- The company announced it has 12 Joint Development Agreements and approximately 100 prospective WattUp customers and partners, forming an ecosystem for commercialization that aims to make WattUp ubiquitous.
- Energous has filed 80 patents and provisional patent applications and is “progressing as planned” with the Federal Communications Commission.
- The company is planning a secondary offering of its shares in a registered offering “to fully capitalize on (its) first-to-market opportunity."
- Author is long WATT shares and provides optimistic case that proceeds from secondary will attract strong institutional investors, research coverage, and accelerate the path to ubiquity for WattUp technology.
Update: Energous Corp. Announces Joint Development Agreement With Subsidiary Of Haier Group, The World's No. 1 Major Appliance Brand
- On Monday, Energous Corp. announced a Joint Development Agreement with Haier Wireless, a subsidiary of Haier Group, its 10th JDA partner.
- Haier Group had $29.5 billion in sales in 2013 and has been Euromonitor International’s #1-ranked Global Major Appliances brands for five consecutive years.
- Look for additional JDA announcements and updates around progress toward FCC Part 15 and Part 18 approval leading into January's Consumer Electronics Show.
- Author is long WATT shares and sees significant upside in the short and long term.
Irrational Overreaction In Ironclad Performance Wear Shares Creates Compelling Buying Opportunity
- Shares of Ironclad Performance Wear plummeted from $0.37 on August 28, 2014, to $0.25 on September 12 when news spread that the CEO and CFO were named in a lawsuit.
- The lawsuit’s allegations are unrelated to Ironclad and center around contract disputes arising out of the acquisition of Walls Industries by Williamson-Dickie, who is historically known for aggressive business tactics.
- The civil suit names Walls’s former CEO, along with Jeff Cordes and Bill Aisenberg, who were President/COO and CFO, respectively, along with five other parties, including Walls's private equity investors.
- Ronald Chez, who owns ~9.2% of Ironclad, filed a 13-D disclosing an email in which he encouraged the Company to “retain an investment banking firm to assist...exploring strategic alternatives".
- Ironclad shares have been massively and irrationally oversold and investors are encouraged to take advantage of the buying opportunity for this “under-followed gem".
Update: Ironclad Performance Wear Q2 Earnings & Private Placement With Insiders
- Shares of Ironclad Performance Wear have shot up 50% since coverage on June 4, 2014.
- On August 6, the Company announced revenues of $4.8 million in its fiscal 2014 second quarter, up 6.6% from the same period last year.
- On August 25, Ironclad announced it had completed a private placement of common stock to certain officers and directors totaling approximately $610,000.
- Reiterating price target of $.50 to $.75 in 2015.
Why Resonant Could Be The Next Qualcomm Or Skyworks Solutions
- Resonant creates innovative filter designs for radio frequency (“RF”) front ends for mobile devices and is pioneering the biggest fundamental change to filter design in more than 80 years.
- Surging growth in mobile data traffic due to consumer demand for wireless broadband connectivity is creating an unprecedented need for high performance RF front-ends.
- Resonant's circuit design, which enables front-end manufacturers to make a single filter that can switch between multiple channels, could potentially be included in virtually every mobile device manufactured.
- With its development agreement with Skyworks advancing, a substantial patent portfolio, and a highly-profitable licensing model, RESN is well-positioned to become a profit machine.
- RESN is valued at ~$50 million in a space where comparables Qualcomm, ARM Holdings, and Skyworks have market caps of $125 billion, $21 billion, and $10 billion, respectively.
Starbucks, Intel Deals Point To Major Gains In Energous As A Wire-Free Charging Future Nears
- Two announcements last week -- Starbucks (SBUX) partnering with Duracell Powermat, and Intel (INTC) inking a technology licensing agreement with WiTricity -- pave the way for a wire-free charging future.
- Energous Corporation (WATT) develops wire-free charging technology that will transform the way people charge and power their electronic devices at home, in the office, in the car and beyond.
- In May, the Company announced two joint development agreements with large Korean manufacturers, Hanbit Electronics and Dong-Hwa, which validate Energous' technology and licensing strategy.
- WATT shares, which have doubled since their March IPO, will continue to rise leading into next January's Consumer Electronics Show, where various products incorporating WattUp technology will be demonstrated.
An Ideal Play On The Surging Adoption Of Energy Storage: Ideal Power, Inc.
- Ideal Power (IPWR) develops and sells power converter solutions for commercial and industrial grid storage, electric vehicle (“EV”) charging, and photovoltaic (“PV”) generation.
- Ideal’s breakthrough Power Packet Switching Architecture (“PPSA”) technology dramatically improves upon current power conversion technology across metrics including weight, size, cost, efficiency and flexibility.
- IPWR has 19 issued U.S. patents, one Chinese patent, and pending U.S., foreign and international patents providing protection in the European Union, China, India, Korea, Malaysia, Philippines, Singapore, and Brazil.
- Early customer wins include Lockheed Martin Corporation (LMT), the U.S. Department of Energy, the National Renewable Energy Laboratory, Coritech Services, Sharp, Powin Energy, Green Charge Networks, and the U.S. Navy.
- Northland Capital Markets set a price target of $15/share in May 2014.
An Ironclad Opportunity With Under-Followed Gem, Ironclad Performance Wear
- Founded in 1998, Ironclad Performance Wear is a brand leader in technical, task-specific, performance work gloves.
- Trading at a valuation of approximately .6 trailing 2013 sales, the stock is severely under-valued.
- New CEO Jeff Cordes has overhauled the executive team and spearheaded an injection of energy, positioning the company for dramatic growth over the next 24 months.
- ICPW stock has the potential to triple, or better, as results from the Company’s growth strategies bear fruit.
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