Roth/MKM initiated coverage on Aureus Greenway Holdings (NASDAQ: PUSA) with a buy rating and a price target of $7.50, nearly doubling the current share price of $3.78. The firm cited Aureus' pending reverse merger with Autonomous Power Corporation, which will rename the combined entity Powerus Corporation while retaining the PUSA ticker.
The merger is expected to close in October, with Powerus set to continue trading on the NASDAQ. The company’s backlog stood at $243 million as of December 31, 2025, with a current pipeline exceeding $1 billion. Revenue for the last twelve months totaled $3.21 million, though Powerus remains unprofitable with weak gross profit margins.
Powerus manufactures Guardian interceptor drones and Unmanned Surface Vehicle systems, producing approximately 3,000 units per month at facilities including one in the United Arab Emirates. Each drone is priced at $5,000, with a target to increase production to 15,000 units per month by mid-2027.
The company has secured a $30 million strategic investment from Unusual Machines and is participating in the Department of War’s Drone Dominance Program, a $1 billion Pentagon initiative for low-cost attack drones. Powerus’ subsidiary Tandem Defense advanced to Phase 3 of the U.S. Army’s xTech Adaptive Strike competition after a field evaluation with the Army National Training Center. Additionally, Powerus and Swarmer, Inc. signed a memorandum of understanding to explore integrating Swarmer’s coordination software with Powerus’ autonomous systems.
Aureus Greenway’s market capitalization stands at $101.85 million, with shares up 12.17% over the past week.
