Aspen Aerogels, Inc. (ASPN)

NYSE: ASPN · Real-Time Price · USD
13.98
-0.12 (-0.85%)
At close: Nov 20, 2024, 4:00 PM
14.18
+0.20 (1.39%)
After-hours: Nov 20, 2024, 7:53 PM EST
-0.85%
Market Cap 1.15B
Revenue (ttm) 413.83M
Net Income (ttm) 1.49M
Shares Out 82.05M
EPS (ttm) 0.02
PE Ratio 767.75
Forward PE 29.71
Dividend n/a
Ex-Dividend Date n/a
Volume 2,491,975
Open 13.99
Previous Close 14.10
Day's Range 13.47 - 14.18
52-Week Range 10.31 - 33.15
Beta 2.21
Analysts Strong Buy
Price Target 30.80 (+120.32%)
Earnings Date Nov 6, 2024

About ASPN

Aspen Aerogels, Inc. designs, develops, manufactures, and sells aerogel insulation products primarily for use in the energy infrastructure and sustainable insulation materials markets in the United States, Asia, Canada, Europe, and Latin America. It operates in two segments, Energy Industrial and Thermal Barrier. The company offers PyroThin thermal barriers for use in lithium-ion batteries in electric vehicles and energy storage industries; Pyrogel XTE that reduces the risk of corrosion under insulation in energy infrastructure operating system... [Read more]

Sector Industrials
IPO Date Jun 13, 2014
Employees 548
Stock Exchange NYSE
Ticker Symbol ASPN
Full Company Profile

Financial Performance

In 2023, Aspen Aerogels's revenue was $238.72 million, an increase of 32.35% compared to the previous year's $180.36 million. Losses were -$45.81 million, -44.63% less than in 2022.

Financial Statements

Analyst Forecast

According to 10 analysts, the average rating for ASPN stock is "Strong Buy." The 12-month stock price forecast is $30.8, which is an increase of 120.32% from the latest price.

Price Target
$30.8
(120.32% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Aspen Aerogels: Despite Recent Pressure, This Is Intriguing

Aspen Aerogels has transformed from an industrial insulation supplier to a key EV sector player, showing significant revenue growth and operating leverage. Despite impressive results and DOE funding n...

4 days ago - Seeking Alpha

Aspen Aerogels, Inc. to Present at the Barclays 15th Annual Global Automotive and Mobility Tech Conference

Aspen will also participate in upcoming conferences hosted by Craig-Hallum, Bernstein, and Janney NORTHBOROUGH, Mass. , Nov. 12, 2024 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE: ASPN) ("Aspen" or the ...

8 days ago - PRNewsWire

Aspen Aerogels, Inc. (ASPN) Q3 2024 Earnings Call Transcript

Aspen Aerogels, Inc. (NYSE:ASPN) Q3 2024 Earnings Conference Call November 7, 2024 8:30 AM ET Company Participants Neal Baranosky – Senior Director of Corporate of Strategy & Finance Donald R. Young ...

12 days ago - Seeking Alpha

Aspen Aerogels, Inc. Reports Third Quarter 2024 Financial Results and Recent Business Highlights

$117.3 million in quarterly revenue, led by $90.6 million of Thermal Barrier revenue Continued cost discipline delivered 42% company gross margins and 22% Adjusted EBITDA margins Increased 2024 Financ...

14 days ago - PRNewsWire

Aspen Aerogels: Interesting Times

Aspen Aerogels has transformed from an insulation supplier to a key player in the EV sector, showing strong revenue growth and operating leverage. Despite impressive quarterly results and preliminary ...

23 days ago - Seeking Alpha

ASPEN AEROGELS, INC. ANNOUNCES PRICING OF PUBLIC OFFERING OF 4,250,000 SHARES OF COMMON STOCK

NORTHBOROUGH, Mass. , Oct. 21, 2024 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE: ASPN) ("Aspen" or the "Company"), a technology leader in sustainability and electrification solutions, today announced t...

4 weeks ago - PRNewsWire

ASPEN AEROGELS, INC. ANNOUNCES PUBLIC OFFERING OF 4,250,000 SHARES OF COMMON STOCK

NORTHBOROUGH, Mass. , Oct. 21, 2024 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE: ASPN) ("Aspen" or the "Company"), a technology leader in sustainability and electrification solutions, today announced t...

4 weeks ago - PRNewsWire

Aspen Aerogels, Inc. Receives Conditional Commitment for Proposed DOE Loan and Provides Q3 2024 Preliminary Financial Results

Proposed loan of up to $670.6 million would fund the remaining CAPEX needed to complete Company's second aerogel plant Interest rate at applicable U.S. Treasury Rate at the time of each cash draw Plan...

5 weeks ago - PRNewsWire

Aspen Aerogels: Current Valuation Is Not A Good Risk/Reward

Aspen Aerogels' growth is constrained by its heavy reliance on General Motors, which may switch to superior battery technology, impacting ASPN's sales. The company's valuation appears overly optimisti...

7 weeks ago - Seeking Alpha

Aspen Aerogels: Management Guidance Remains Very Conservative

Aspen Aerogel's unique aerogels offer unmatched thermal insulation, driving growth in legacy energy markets and the booming electric vehicle sector. The company's thermal barrier segment saw explosive...

2 months ago - Seeking Alpha

Aspen Aerogels, Inc. Announces $125 Million Term Loan and $100 Million Revolving Credit Facility with MidCap Financial, and Full Cash Redemption of Legacy Convertible Note

Actions aimed at reducing cost of capital and providing financing flexibility Collateral structure excludes planned second aerogel manufacturing facility (Plant II) in Statesboro, Georgia Proceeds use...

3 months ago - PRNewsWire

Top 3 Materials Stocks That May Collapse In Q3

As of Aug 19, 2024, three stocks in the materials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.

Other symbols: AUUAMY
3 months ago - Benzinga

Aspen Aerogels, Inc. Announces New Appointment to its Board of Directors

NORTHBOROUGH, Mass. , Aug. 15, 2024 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE: ASPN) ("Aspen" or the "Company"), a technology leader in sustainability and electrification solutions, today announced t...

3 months ago - PRNewsWire

Aspen Aerogels: Impressive, But Some Questions As Well

Aspen Aerogels, Inc. has successfully transformed itself into a key supplier to the electric vehicle sector, with impressive sales growth and now earnings to show for. Momentum remains strong for the ...

3 months ago - Seeking Alpha

Aspen Aerogels, Inc. (ASPN) Q2 2024 Earnings Call Transcript

Aspen Aerogels, Inc. (NYSE:ASPN) Q2 2024 Earnings Conference Call August 8, 2024 8:30 AM ET Company Participants Neal Baranosky - Senior Director, Head-Investor Relations & Corporate Strategy Don You...

3 months ago - Seeking Alpha

Aspen Aerogels, Inc. Reports Second Quarter 2024 Financial Results and Recent Business Highlights

Record quarterly revenues of $117.8 million, up 25% QoQ and 145% YoY Delivered $16.8 million of quarterly net income and $28.9 million of quarterly Adjusted EBITDA Increased 2024 revenue and profitabi...

3 months ago - PRNewsWire

Aspen Aerogels: 5 Things To Know Before Earnings Call

Aspen Aerogels has exceeded expectations on gross margins and revenue. The company is transitioning from an oil-dependent business to a growth-oriented EV thermal barrier focus. Liquidity concerns due...

3 months ago - Seeking Alpha

Aspen Aerogels, Inc. Schedules Second Quarter 2024 Earnings Release and Conference Call

NORTHBOROUGH, Mass. , July 16, 2024 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE: ASPN) ("Aspen" or the "Company") today announced that Don Young, President & Chief Executive Officer, and Ricardo C.

4 months ago - PRNewsWire

Aspen Aerogels to Attend 10th Annual ROTH London Conference

NORTHBOROUGH, Mass. , June 19, 2024 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE: ASPN) ("Aspen" or the "Company"), a technology leader in sustainability and electrification solutions, today announced t...

5 months ago - PRNewsWire

Aspen Aerogels Announces Thermal Barrier Award from Valmet Automotive for Electric Porsche 718 Series and Reiterates 2024 Financial Outlook

Valmet Automotive design award for the Porsche 718 series is Aspen's sixth OEM award 2024 Financial Outlook remains unchanged NORTHBOROUGH, Mass. , June 13, 2024 /PRNewswire/ -- Aspen Aerogels, Inc. (...

5 months ago - PRNewsWire

Aspen Aerogels, Inc. Reports First Quarter 2024 Financial Results and Recent Business Highlights

$94.5 million in company revenue drove 37% gross profit margins and $12.9 million of Adjusted EBITDA Raising 2024 baseline Adjusted EBITDA outlook by 83% Expecting positive net income for 2024 NORTHBO...

7 months ago - PRNewsWire

Aspen Aerogels Wins Automotive News PACE and Innovation Partnership Awards

NORTHBOROUGH, Mass. , April 30, 2024  /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE:ASPN) ("Aspen", the "Company"), a technology leader in aerogel-based sustainability and electrification solutions, won ...

7 months ago - PRNewsWire

Aspen Aerogels to Participate in May Investor Conferences

NORTHBOROUGH, Mass. , April 25, 2024 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE: ASPN) ("Aspen" or the "Company"), a technology leader in sustainability and electrification solutions, today announced ...

7 months ago - PRNewsWire

Aspen Aerogels, Inc. Schedules First Quarter 2024 Earnings Release and Conference Call

NORTHBOROUGH, Mass., April 11, 2024 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE: ASPN) ("Aspen" or the "Company") today announced that Don Young, President & Chief Executive Officer, and Ricardo C.

7 months ago - PRNewsWire

Aspen Aerogels to Present at RBC Capital Markets' Battery Value Chain Conference

NORTHBOROUGH, Mass. , April 9, 2024 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE: ASPN) ("Aspen" or the "Company"), a technology leader in sustainability and electrification solutions, today announced t...

8 months ago - PRNewsWire