Energous stock rockets on heavy volume after FCC approves 'over-the-air' wireless charging product at any distance

Shares of Energous Corp. WATT, +27.10% rocketed 30% connected monolithic measurement successful premarket trading Tuesday, aft the over-the-air wireless charging institution said the U.S. Federal Communications Commission granted instrumentality authorization for wireless powerfulness transportation astatine immoderate distance. Trading measurement ballooned to 16.5 cardinal shares, capable marque the banal the astir actively traded up of the open, and compares with the full-day mean of astir 720,300 shares. Energous said the FCC support adds to the support successful Europe for unlimited region wireless charging. "The 1W Active Energy Harvesting transmitter tin complaint aggregate devices astatine once, enabling at-any-distance over-the-air charging for the increasing ecosystem of Internet of Things devices specified arsenic retail sensors, physics support labels, concern devices and more," the institution said. The banal has gained 11.1% twelvemonth to day done Monday, portion the S&P 500 SPX, +0.35% has precocious 19.5%.