Aspen Aerogels, Inc. (ASPN)

NYSE: ASPN · IEX Real-Time Price · USD
24.04
+0.53 (2.25%)
At close: Jul 2, 2024, 4:00 PM
24.18
+0.14 (0.59%)
After-hours: Jul 2, 2024, 7:38 PM EDT
2.25%
Market Cap 1.83B
Revenue (ttm) 287.63M
Net Income (ttm) -30.85M
Shares Out 76.16M
EPS (ttm) -0.44
PE Ratio n/a
Forward PE 120.93
Dividend n/a
Ex-Dividend Date n/a
Volume 748,931
Open 23.62
Previous Close 23.51
Day's Range 23.45 - 24.23
52-Week Range 5.33 - 31.74
Beta 2.29
Analysts Strong Buy
Price Target 33.38 (+38.85%)
Earnings Date Jul 31, 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 8 analysts, the average rating for ASPN stock is "Strong Buy." The 12-month stock price forecast is $33.38, which is an increase of 38.85% from the latest price.

Price Target
$33.38
(38.85% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

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...

13 days 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. (...

19 days 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...

2 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 ...

2 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 ...

2 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.

2 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...

3 months ago - PRNewsWire

Aspen Aerogels to Present at the 36th Annual ROTH Conference

NORTHBOROUGH, Mass. , March 4, 2024 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE: ASPN) ("Aspen" or the "Company"), a technology leader in sustainability and electrification solutions, today announced t...

4 months ago - PRNewsWire

Aspen Aerogels, Inc. Reports Fourth Quarter and Fiscal Year 2023 Financial Results and Recent Business Highlights

$84.2 million quarterly revenue enabled gross margins of 35% and adjusted EBITDA of $9.1 million NORTHBOROUGH, Mass. , Feb. 12, 2024 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE: ASPN) ("Aspen" or the "...

5 months ago - PRNewsWire

Aspen Aerogels to Present at Wolfe Research's Global Auto and Auto Tech Conference

NORTHBOROUGH, Mass. , Jan. 30, 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, Inc. Schedules Fourth Quarter and Fiscal Year 2023 Earnings Release and Conference Call

NORTHBOROUGH, Mass. , Jan. 23, 2024 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE: ASPN) (the "Company") today announced that Don Young, President & Chief Executive Officer, and Ricardo C.

5 months ago - PRNewsWire

Aspen Aerogels, Inc. Provides Business Update

Pre-Announces Full Year 2023 Revenues of $238 million ; $84 million in Q4 Supplemental supply for Energy Industrial products initiated in Q4 Potential to Deliver Over 47% YoY revenue growth in 2024 NO...

6 months ago - PRNewsWire

Aspen Aerogels, Inc. Announces $75 Million Registered Direct Offering

NORTHBOROUGH, Mass. , Dec. 20, 2023 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE: ASPN) ("Aspen" or the "Company"), a technology leader in sustainability and electrification solutions, today announced t...

6 months ago - PRNewsWire

Aspen Aerogels, Inc. Announces Additional EV Thermal Barrier Commercial Award and Provides Update on U.S. Department of Energy Loan Application Status

NORTHBOROUGH, Mass. , Dec. 5, 2023 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE: ASPN) ("Aspen" or the "Company"), a technology leader in sustainability and electrification solutions, today announced a ...

7 months ago - PRNewsWire

Aspen Aerogels to Participate at Janney Montgomery Scott's Inaugural Clean Energy Investment Symposium

NORTHBOROUGH, Mass. , Nov. 21, 2023 /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

Aspen Aerogels, Inc. Reports Third Quarter 2023 Financial Results and Recent Business Highlights

Record revenue of $60.8 million led by PyroThin® revenues of $32.8 million, up 160% quarter-over-quarter Delivered Q3 gross profit margins of 23%, a 6-percentage point improvement over the prior quart...

8 months ago - PRNewsWire

Aspen Aerogels to Participate in November Investor Conferences

NORTHBOROUGH, Mass. , Oct. 26, 2023 /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

Aspen Aerogels, Inc. Provides Commercial and Full Year 2023 Financial Outlook Updates

Audi joins Scania as named PyroThin® awards within the Volkswagen Group Operating plans currently unimpacted by UAW Strike and headlines of re-timed OEM EV investments Raising 2023 Financial Outlook f...

9 months ago - PRNewsWire

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

NORTHBOROUGH, Mass., Oct. 19, 2023 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE: ASPN) ("Aspen" or the "Company") today announced that Don Young, President and Chief Executive Officer, and Ricardo C.

9 months ago - PRNewsWire

Aspen Aerogels, Inc. Appoints Santhosh Daniel Chief Accounting Officer

Accomplished Accounting Executive with 25+ Years of Business Experience NORTHBOROUGH, Mass. , Sept. 14, 2023  /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE: ASPN) ("Aspen" or the "Company"), a technology...

10 months ago - PRNewsWire

Aspen Aerogels, Inc. Appoints Stephanie Pittman Chief Human Resources Officer

Accomplished Human Resources Executive with 25+ Years of Experience to Join Aspen; Kelley Conte, SVP of Human Resources, to Retire Following Valued Career Contributions at Aspen NORTHBOROUGH, Mass. , ...

10 months ago - PRNewsWire

Aspen Aerogels to Participate in September Investor Conferences

NORTHBOROUGH, Mass. , Aug. 29, 2023 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE: ASPN) ("Aspen" or the "Company"), a technology leader in sustainability and electrification solutions, today announced t...

11 months ago - PRNewsWire

Aspen Aerogels Recognized as a 2023 Automotive News PACE Awards Finalist

NORTHBOROUGH, Mass. , Aug. 14, 2023 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE:ASPN) ("Aspen", the "Company"), a technology leader in aerogel-based sustainability and electrification solutions, today ...

11 months ago - PRNewsWire

Aspen Aerogels, Inc. Reports Second Quarter 2023 Financial Results and Recent Business Highlights

Delivered Q2 gross profit margins of 17%, a 20-percentage point improvement over the same period last year Positioned to deliver strong results from expected demand growth in the second half of 2023 R...

11 months ago - PRNewsWire

Aspen Aerogels to Participate in August Investor Conferences

NORTHBOROUGH, Mass. , July 25, 2023 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE: ASPN) ("Aspen" or the "Company"), a technology leader in sustainability and electrification solutions, today announced t...

1 year ago - PRNewsWire