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Added to YB: 2026-08-24

Pitch date: 2026-08-20

AERG [neutral]

Applied Energetics, Inc.

Author Info

David’s Investment Notes is a former fund manager with a focus on value. Their investment approach constantly explores different scenarios, with a focus on worst-case outcomes, while demanding significantly more upside potential than downside in each opportunity. Sign up for the newsletter.

Company Info

Applied Energetics, Inc. develops, manufactures, and sells advanced high-performance lasers and optical systems, and integrated guided energy systems worldwide.

Market Cap

$280.0M

Pitch Price

N/A

Price Target

N/A

Dividend

N/A

EV/EBITDA

-18.26

P/E

-17.76

EV/Sales

1.1K

Sector

Aerospace and Defense

Category

growth

Show full summary:
AERG: A Year Comes Down To Months

AERG (holding update): Counter-drone laser (PLAID) at TRL5 targeting $1-1.5M/unit vs AeroVironment's $25M. Mgmt's Feb '3 Ps' scoreboard mostly unmet w/4 months left: no prototype, contracts, or teaming yet. STRATFI $8M win + Guard sponsor validates. Burn ~$1M/mo, cash runway to Sept/Oct—raise looms. $280M cap vs $4B program potential if demos land by Dec. Key catalyst: first 5-unit ($6M) order.

Read full article (5 min)