Ascendiant Capital Initiates Energous With Buy

Ascendiant Capital initiated coverage on Energous Corp (NASDAQ: WATT) with a Buy rating.

The target price for Energous is set to $13.

Energous shares have dropped 32.61 percent over the past 52 weeks, while the S&P 500 index has surged 11.87 percent in the same period.

Energous' shares closed at $8.22 on Friday.