Energous Corporation ( WATT ) , a wireless power firm, saw its shares surge on Wednesday after the company reported expanding deployments with Fortune 10 customers and a growing commercial pipeline.

Customer Expansion

One Fortune 10 customer continues rolling out wireless power infrastructure across about 4,700 U.S. locations, with over 1,500 installations completed.

A second Fortune 10 customer has expanded its program across multiple use cases and geographies, including international markets, with more than 14 installations completed.

Pipeline And Technology

The company is also advancing proof-of-concept programs across retail, manufacturing, grocery, quick-service restaurants, and government sectors, with several initiatives expected to scale into broader deployments.

Energous ( WATT ) said it is supporting multiple customer programs at different stages of commercialization.

Energous ( WATT ) highlighted the strong performance of its wireless power technology in challenging environments, including refrigerated and temperature-controlled settings, supporting use cases in cold-chain, foodservice, and logistics.

The company has also added a second U.S.-based contract manufacturer to expand production capacity and meet domestic sourcing requirements.

Executive Commentary

"The momentum that defined 2025 has carried into early 2026," said CEO and CFO Mallorie Burak.

“The commercial infrastructure we built last year, recently expanded manufacturing capacity, a strengthened balance sheet, and a growing portfolio of active deployments, is enabling us to pursue opportunities at a pace and scale that was not possible twelve months ago.”

Separately, Energous ( WATT ) plans to restart quarterly investor conference calls beginning with its first-quarter 2026 results in May.

Technical Analysis

Energous ( WATT ) is currently trading near its 52-week high, reflecting a strong bullish trend. The stock is trading 36% above its 20-day simple moving average (SMA) and 67.1% above its 50-day SMA, indicating robust short-term momentum and a positive intermediate trend.

The relative strength index (RSI) is at 55.15, suggesting neutral momentum, while the moving average convergence divergence (MACD) is below the signal line, indicating potential bearish pressure.

This positioning suggests that while the stock is strong, traders should be cautious of potential pullbacks.

Key Resistance: $22.00 — This level may act as a barrier for further upward movement.

Key Support: $20.50 — A drop below this level could indicate weakening momentum.

Energous ( WATT ) has shown impressive performance over the past 12 months, with a return of 172.09%. This significant gain highlights the stock’s strong upward trajectory and investor confidence in its growth potential.

WATT Stock Price Activity: Energous ( WATT ) shares were up 37.65% at $22.57 at the time of publication on Wednesday. The stock is trading at a new 52-week high, according to Benzinga Pro data.