Wireless Charging: The Stocks in this Latest Hot Industry

Electricity

Imagine that you have just landed from a flight and your cell phone is dead due to a used up battery charge. You walk through the airport and as you are strolling along, your phone is picking up radio frequencies that is charging your phone’s battery.

Or say you are walking down the street, the battery is dead in your cell phone, so you head into a coffee shop. A tiny chip in your phone picks up radio frequencies and converts them into energy to charge up your phone.

Think this is science fiction? Companies are already working on this technology now.

As an example, Energous Corp (WATT), a San Jose, California based company founded in 2012, has been working on just such a system. The company is developing WattUp, which allows for the wire-free distance charging of devices, including laptops, cellphones, and smart watches.

The stock took a dump today, dropping 5% to 14.74 per share, probably due to the fact that it was just announced yesterday that the Senior Vice President of Product Marketing sold 1615 shares on June 14. However, if you look closer, you would find that, first, this was an automatic sale, and second, he still has over 100,000 shares of the stock. So the sale represented only a small part of his position.

According to a report in the Weekly Register, 27 institutions have increased positions in the stock, with 21 new positions. The stock has a market cap of $303 million.

Investors should be aware that the company is generating significant negative earnings, and should therefore be considered very speculative.

Other wireless electricity stocks can be found by looking at the publicly traded members of the Wireless Power Consortium, of which over 200 businesses have joined. They utilize Qi wireless charging as an open standard.

Of course, you will find many of the large corporations, such as Apple (AAPL), AVID (AVID), Texas Instruments (TXN), and Verizon Wireless (VZ), are members.

Leggett & Platt (LEG), which is a producer of engineered products, has a division for developing wireless power transmitters for integration.

ON Semiconductor (ON) is also working on wireless power technology. This semiconductor company is based in Phoenix, Arizona.

Semtech Corporation (SMTC) a Camarillo, California which makes and sells analog and mixed-signal semiconductor products, is also developing wireless power technology products.

Altogether, there are about 20 publicly traded stocks that are part of the Consortium. Maybe one of these companies can charge up your portfolio.

Disclosure: Author owns WATT. 

Please note: some of these stocks are very low cap and should be considered very speculative.

4 thoughts on “Wireless Charging: The Stocks in this Latest Hot Industry”

    1. Congratulations! Although the stock jumped up today, it is now settling off. It’s good to take a nice profit when you can.

  1. This is an interesting field. I picked up some Energous a few days ago, and today I’m up over $1000. Considering buying LEG, ON, and SMTC, since all three are down today.

    1. Hi Wally. The stock made a huge jump today. I’m not giving investment advice but you might want to lock in at least half your profit. Just remember, this stock is extremely speculative.

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