Will a New Partnership Recharge Energous' Stock?
Shares of Energous (NASDAQ: WATT) recently jumped after the wireless charging technology company announced a new partnership with microbattery maker ZPower. The two companies will develop silver-zinc microbatteries that can be recharged by Energous' WattUp technology.
Energous claims that since microbatteries are smaller than traditional batteries, they're "more scalable" and could be used in the "hearables, medical, military/defense, and consumer electronics industries." This partnership sounds like good news for Energous, but will it help the stock recover from its near-70% decline over the past 12 months?
Image source: WattUp.
Source Fool.com
