Shares of Long-Range Wireless Charging Company Energous Nearly Double Today on Years-Old Rumors of Apple Partnership

Shares of Energous, a company developing long-range RF-based charging technology under the name "WattUp," nearly doubled today, apparently driven by a Bloomberg report this morning indicating that Apple has been working on a MagSafe battery pack for its iPhone 12 lineup. The story was kicked off earlier this week when MacRumors contributor Steve Moser discovered a non-specific reference to an ‌iPhone‌ "battery pack" in the latest beta of iOS 14.5.

energous stock 19feb2021
According to a report this morning from CNA Finance, investors are betting on new rumors that Energous and Apple are working together on wireless charging, based on a "previously overlooked SEC filing." The report has been picked up by several financial news outlets, including The Street and Seeking Alpha.

energous wattup in home
Setting aside the fact that Apple's inductive MagSafe wireless charging relies on different technology than the RF system being developed by Energous, there's another issue with today's rumor, and that's that the apparent filings in question which mention "Apple compliance testing" for WattUp technology were filed back in 2013 and 2014 and were widely covered in the media in 2016. The last time an Energous filing with the SEC mentioned Apple was in December 2014.

There was a flurry of interest in Energous back in 2016 and 2017 amid rumors of an Apple partnership, but that speculation quickly died down and things have been essentially silent for several years now. Energous has continued to develop its long-range charging technology, working with Dialog Semiconductor on transmitter and receiver hardware but so far deploying it only in a few niche applications such as equine health monitoring.

Top Rated Comments

Michael Scrip Avatar
41 months ago
STONKS!

:P
Score: 12 Votes (Like | Disagree)
farewelwilliams Avatar
41 months ago
no one tell WSB
Score: 11 Votes (Like | Disagree)
kycophpd Avatar
41 months ago
To the moon!!!!!!!

sorry we were 4 posts in without someone saying it.
Score: 10 Votes (Like | Disagree)
luvbug Avatar
41 months ago

This market is disconnected from reality.
This society is disconnected from reality. The stock market is just a symptom. JMO. :)
Score: 9 Votes (Like | Disagree)
_Spinn_ Avatar
41 months ago
??

???

Am I doing it right? ?
Score: 7 Votes (Like | Disagree)
calderone Avatar
41 months ago
This market is disconnected from reality.
Score: 7 Votes (Like | Disagree)

Popular Stories

Delta Feature

Delta Game Emulator Now Available From App Store on iPhone

Wednesday April 17, 2024 9:58 am PDT by
Game emulator apps have come and gone since Apple announced App Store support for them on April 5, but now popular game emulator Delta from developer Riley Testut is available for download. Testut is known as the developer behind GBA4iOS, an open-source emulator that was available for a brief time more than a decade ago. GBA4iOS led to Delta, an emulator that has been available outside of...
iPhone 15 Pro Action Button Translate

All iPhone 16 Models to Feature Action Button, But Usefulness Debated

Tuesday April 16, 2024 6:54 am PDT by
Last September, Apple's iPhone 15 Pro models debuted with a new customizable Action button, offering faster access to a handful of functions, as well as the ability to assign Shortcuts. Apple is poised to include the feature on all upcoming iPhone 16 models, so we asked iPhone 15 Pro users what their experience has been with the additional button so far. The Action button replaces the switch ...
Provenance Emulator

PlayStation, GameCube, Wii, and SEGA Emulator for iPhone and Apple TV Coming to App Store

Friday April 19, 2024 8:29 am PDT by
The lead developer of the multi-emulator app Provenance has told iMore that his team is working towards releasing the app on the App Store, but he did not provide a timeframe. Provenance is a frontend for many existing emulators, and it would allow iPhone and Apple TV users to emulate games released for a wide variety of classic game consoles, including the original PlayStation, GameCube, Wii,...
maxresdefault

Hands-On With the New App Store Delta Game Emulator

Wednesday April 17, 2024 12:19 pm PDT by
A decade ago, developer Riley Testut released the GBA4iOS emulator for iOS, and since it was against the rules at the time, Apple put a stop to downloads. Emulators have been a violation of the App Store rules for years, but that changed on April 5 when Apple suddenly reversed course and said that it was allowing retro game emulators on the App Store. Subscribe to the MacRumors YouTube channel ...
iOS NES Emulator Bimmy Feature

NES Emulator for iPhone and iPad Now Available on App Store [Removed]

Tuesday April 16, 2024 11:33 am PDT by
The first approved Nintendo Entertainment System (NES) emulator for the iPhone and iPad was made available on the App Store today following Apple's rule change. The emulator is called Bimmy, and it was developed by Tom Salvo. On the App Store, Bimmy is described as a tool for testing and playing public domain/"homebrew" games created for the NES, but the app allows you to load ROMs for any...