Aspen Aerogels, Inc. designs, develops, manufactures, and sells aerogel insulation products primarily for use in the energy infrastructure and building materials markets in the United States, Asia, Canada, Europe, and Latin America. The company offers PyroThin thermal barriers for use in lithium-ion batteries in electric vehicles and energy grid industries; Pyrogel XTE that reduces the risk of corrosion under insulation in energy infrastructure operating systems; Pyrogel HPS for applications within the power generation market; Pyrogel XTF to provide protection against fire; Cryogel Z for sub-ambient and cryogenic applications in the energy infrastructure market; and Spaceloft Subsea for use in pipe-in-pipe applications in offshore oil production. It also offers Spaceloft Grey and Spaceloft A2 for use in the building materials market; and Cryogel X201, which is used in designing cold systems, such as refrigerated appliances, cold storage equipment, and aerospace systems. Aspen Aerogels, Inc. was founded in 2001 and is headquartered in Northborough, Massachusetts.
IPO Year: 2014
Exchange: NYSE
Website: aerogel.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
8/6/2024 | $27.00 | Overweight | Barclays |
3/6/2024 | $22.00 | Buy | ROTH MKM |
3/20/2023 | $14.00 | Hold → Buy | The Benchmark Company |
10/21/2022 | $20.00 | Buy | Canaccord Genuity |
2/18/2022 | $72.00 → $68.00 | Overweight | Piper Sandler |
2/18/2022 | $65.00 → $45.00 | Buy | HC Wainwright & Co. |
12/10/2021 | $70.00 | Buy | The Benchmark Company |
12/10/2021 | $70.00 | Buy | Benchmark |
10/14/2021 | $8.00 | Outperform | Cowen |
9/10/2021 | $58.00 | Overweight | Piper Sandler |
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Barclays initiated coverage of Aspen Aerogels with a rating of Overweight and set a new price target of $27.00
ROTH MKM initiated coverage of Aspen Aerogels with a rating of Buy and set a new price target of $22.00
The Benchmark Company upgraded Aspen Aerogels from Hold to Buy and set a new price target of $14.00
Canaccord Genuity resumed coverage of Aspen Aerogels with a rating of Buy and set a new price target of $20.00
Piper Sandler reiterated coverage of Aspen Aerogels with a rating of Overweight and set a new price target of $68.00 from $72.00 previously
HC Wainwright & Co. reiterated coverage of Aspen Aerogels with a rating of Buy and set a new price target of $45.00 from $65.00 previously
The Benchmark Company initiated coverage of Aspen Aerogels with a rating of Buy and set a new price target of $70.00
Benchmark initiated coverage of Aspen Aerogels with a rating of Buy and set a new price target of $70.00
Cowen initiated coverage of Aspen Aerogels with a rating of Outperform and set a new price target of $8.00
Piper Sandler initiated coverage of Aspen Aerogels with a rating of Overweight and set a new price target of $58.00
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 the appointment of Cari Robinson to its Board of Directors ("Board"). Ms. Robinson was also appointed to the Audit Committee and the Nominating, Governance and Sustainability Committee of the Board. Ms. Robinson, 61, currently serves as Senior Managing Director at August Strategic Communications, a strategic communications and crisis advisory firm, where she advises clients on matters in areas including reputation management, crisis management, litigation and investigations, and cybersecurity and
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 leader in sustainability and electrification solutions, today announced the appointment of Santhosh Daniel as its Chief Accounting Officer. Mr. Daniel will report to Ricardo C. Rodriguez, Aspen's Chief Financial Officer and Treasurer, and will oversee the Company's financial reporting, internal controls and auditing functions. Mr. Daniel, 52, has over twenty-five years of experience as a professional in public accounting and industry. Prior to joining the Company, he served as Vice President a
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., Sept. 5, 2023 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE:ASPN) ("Aspen" or the "Company"), a technology leader in sustainability and electrification solutions, today announced the appointment of Stephanie Pittman as Chief Human Resources Officer. Ms. Pittman will report to Don Young, Aspen's President and Chief Executive Officer, joining the Company's Executive Committee. Ms. Pittman will succeed Kelley Conte, Senior Vice President of Human Resources, who will retire from Aspen following an impac
NORTHBOROUGH, Mass., Nov. 2, 2022 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE:ASPN) ("Aspen" or the "Company"), a technology leader in sustainability and electrification solutions, today announced the appointment of Katie Kool to its Board of Directors ("Board"). Kool was also appointed to the Audit Committee and the Nominating, Governance and Sustainability Committee of the Board. Kool most recently served as the Chief Executive Officer ("CEO") of Tide Cleaners, a wholly owned subsidiary of Procter & Gamble ("P&G"), until her retirement in June 2022. Under Kool's leadership as CEO, Tide Cleaners grew from 35 to 191 stores and was ranked 76th in Entrepreneur's Franchise 500 ranking, marking t
NORTHBOROUGH, Mass., Aug. 2, 2022 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE:ASPN) ("Aspen" or the "Company"), a technology leader in sustainability and electrification solutions, today announced the appointment of James Sweetnam to its Board of Directors, increasing the size of the Board to eight members. Jim previously served as the President and Chief Executive Officer, and a member of the board, of Dana Corporation, a Fortune 500 world leader in the design and manufacture of driveline components for light, medium and heavy-duty vehicle manufacturers in the automotive, comm
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Actions aimed at reducing cost of capital and providing financing flexibilityCollateral structure excludes planned second aerogel manufacturing facility (Plant II) in Statesboro, GeorgiaProceeds used to cash redeem existing convertible note and support supplemental Plant II debt financing NORTHBOROUGH, Mass., Aug. 19, 2024 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE:ASPN) ("Aspen" or the "Company"), a technology leader in sustainability and electrification solutions, today announced that it has closed on a $125 million term loan facility and $100 million capacity asset-based revolving credit facility with MidCap Financial, a leading commercial finance company managed by Apollo Capital Managem
Record quarterly revenues of $117.8 million, up 25% QoQ and 145% YoYDelivered $16.8 million of quarterly net income and $28.9 million of quarterly Adjusted EBITDAIncreased 2024 revenue and profitability outlook for the second consecutive quarter NORTHBOROUGH, Mass., Aug. 7, 2024 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE:ASPN) ("Aspen" or the "Company"), a technology leader in sustainability and electrification solutions, today announced financial results for the second quarter of 2024, and discussed recent business developments. Total revenue for the second quarter of 2024 was $117.8 million, compared to $48.2 million in the second quarter of 2023. Net income was $16.8 million, compared to
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. Rodriguez, Chief Financial Officer & Treasurer, expect to discuss the Company's financial results for the second quarter ended June 30, 2024, during a conference call scheduled for Thursday, August 8, 2024, at 8:30 a.m. ET. The Company also expects to release financial results for the second quarter on Wednesday, August 7, 2024, after the market close. Shareholders and other interested parties may participate in the conference call by dialing +1 (833) 470-1428 (domestic) or +1 (929) 526-1599 (intern
$94.5 million in company revenue drove 37% gross profit margins and $12.9 million of Adjusted EBITDARaising 2024 baseline Adjusted EBITDA outlook by 83%Expecting positive net income for 2024 NORTHBOROUGH, Mass., May 1, 2024 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE:ASPN) ("Aspen" or the "Company"), a technology leader in sustainability and electrification solutions, today announced financial results for the first quarter of 2024, and discussed recent business developments. Total revenue for the first quarter of 2024 was $94.5 million, compared to $45.6 million in the first quarter of 2023. Net loss was $1.8 million, compared to a net loss of $16.8 million in the first quarter of 2023. Net
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. Rodriguez, Chief Financial Officer & Treasurer, expect to discuss the Company's financial results for the first quarter ended March 31, 2024, during a conference call scheduled for Thursday, May 2, 2024, at 8:30 a.m. ET. The Company also expects to release financial results for the first quarter on Wednesday, May 1, 2024, after the market close. Shareholders and other interested parties may participate in the conference call by dialing +1 (833) 470-1428 (domestic) or +1 (929) 526-1599 (internationa
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. Rodriguez, Chief Financial Officer & Treasurer, expect to discuss the Company's financial results for the fourth quarter and year ended December 31, 2023, during a conference call scheduled for Tuesday, February 13, 2024, at 8:30 a.m. EST. The Company also expects to release financial results for the fourth quarter on Monday, February 12, 2024, after the market close. Shareholders and other interested parties may participate in the conference call by dialing +1 (833) 470-1428 (domestic) or +1 (929) 526-1599 (i
Delivered Q2 gross profit margins of 17%, a 20-percentage point improvement over the same period last yearPositioned to deliver strong results from expected demand growth in the second half of 2023Reducing projected 2023 Net Loss outlook by $17 million NORTHBOROUGH, Mass., Aug. 2, 2023 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE:ASPN) ("Aspen" or the "Company"), a technology leader in sustainability and electrification solutions, today announced financial results for the second quarter of 2023, and discussed recent business developments. Total revenue for the second quarter of 2023 was $48.2 million, compared to $45.6 million in the second quarter of last year. Net loss was $15.4 million, com
NORTHBOROUGH, Mass., July 20, 2023 /PRNewswire/ -- Aspen Aerogels, Inc. (the "Company") (NYSE:ASPN) today announced that Don Young, President & Chief Executive Officer, and Ricardo C. Rodriguez, Chief Financial Officer & Treasurer, expect to discuss the Company's financial results for the second quarter ended June 30, 2023, during a conference call scheduled for Thursday, August 3, 2023, at 8:30 a.m. EDT. The Company also expects to release financial results for the second quarter on Wednesday, August 2, 2023, after the market close. Shareholders and other interested parties may participate in the conference call by dialing +1 (888) 660-6513 (domestic) or +1 (929) 203-0876 (international) an
Revenue growth of 19% year-over-year aligned with expectations, reiterating 2023 revenue and adjusted EBITDA outlook Awarded PyroThin® contract for European EV commercial truck program with start of vehicle production in early 2024 Executing contract manufacturing strategy to increase capacity and supply Energy Industrial customers in 2024 NORTHBOROUGH, Mass., May 3, 2023 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE:ASPN) ("Aspen" or the "Company"), a technology leader in sustainability and electrification solutions, today announced financial results for the first quarter of 2023, and discussed recent business developments.
NORTHBOROUGH, Mass., April 20, 2023 /PRNewswire/ -- Aspen Aerogels, Inc. (the "Company") (NYSE:ASPN) today announced that Don Young, President & Chief Executive Officer, and Ricardo C. Rodriguez, Chief Financial Officer & Treasurer, expect to discuss the Company's financial results for the first quarter ended March 31, 2023, during a conference call scheduled for Thursday, May 4, 2023, at 8:30 a.m. EDT. The Company also expects to release financial results for the first quarter on Wednesday, May 3, 2023, after the market close. Shareholders and other interested parties may par
Aspen Aerogels's (NYSE:ASPN) short percent of float has fallen 17.59% since its last report. The company recently reported that it has 3.70 million shares sold short, which is 6.7% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.45 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interes
12 analysts have expressed a variety of opinions on Aspen Aerogels (NYSE:ASPN) over the past quarter, offering a diverse set of opinions from bullish to bearish. The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 9 3 0 0 0 Last 30D 1 0 0 0 0 1M Ago 3 1 0 0 0 2M Ago 5 2 0 0 0 3M Ago 0 0 0 0 0 Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $31.33, a high estimate of $38.00, and a low estimate of $22.00. This curren
Craig-Hallum analyst Eric Stine maintains Aspen Aerogels (NYSE:ASPN) with a Buy and raises the price target from $33 to $38.
Seaport Global analyst Tom Curran maintains Aspen Aerogels (NYSE:ASPN) with a Buy and raises the price target from $31 to $38.
Roth MKM analyst Chip Moore reiterates Aspen Aerogels (NYSE:ASPN) with a Buy and raises the price target from $28 to $36.
TD Cowen analyst Jeffrey Osborne maintains Aspen Aerogels (NYSE:ASPN) with a Buy and raises the price target from $30 to $36.
U.S. stocks were mixed, with the Dow Jones index falling more than 100 points on Wednesday. Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) rose sharply during Wednesday's session following better-than-expected first-quarter earnings. The company reported first-quarter FY24 sales growth of 10.8% year-on-year to $508.82 million, beating the analyst consensus estimate of $505.79 million. Adjusted EPS of 73 cents beat the analyst consensus estimate of 65 cents, according to data from Benzinga Pro. Ollie's raised FY24 adjusted EPS outlook from $3.10 – $3.20 to $3.18 – $3.28, against the consensus of $3.19. The company raised FY24 sales outlook from $2.248 billion – $2.273
During the last three months, 9 analysts shared their evaluations of Aspen Aerogels (NYSE:ASPN), revealing diverse outlooks from bullish to bearish. The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 6 3 0 0 0 Last 30D 0 1 0 0 0 1M Ago 5 2 0 0 0 2M Ago 0 0 0 0 0 3M Ago 1 0 0 0 0 Analysts have recently evaluated Aspen Aerogels and provided 12-month price targets. The average target is $27.78, accompanied by a high estimate of $36.00 and a low estimate of $22.00. Surpassing the previous av
Piper Sandler analyst Alexander Potter maintains Aspen Aerogels (NYSE:ASPN) with a Overweight and raises the price target from $30 to $36.
Actions aimed at reducing cost of capital and providing financing flexibilityCollateral structure excludes planned second aerogel manufacturing facility (Plant II) in Statesboro, GeorgiaProceeds used to cash redeem existing convertible note and support supplemental Plant II debt financing NORTHBOROUGH, Mass., Aug. 19, 2024 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE:ASPN) ("Aspen" or the "Company"), a technology leader in sustainability and electrification solutions, today announced that it has closed on a $125 million term loan facility and $100 million capacity asset-based revolving credit facility with MidCap Financial, a leading commercial finance company managed by Apollo Capital Managem
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 the appointment of Cari Robinson to its Board of Directors ("Board"). Ms. Robinson was also appointed to the Audit Committee and the Nominating, Governance and Sustainability Committee of the Board. Ms. Robinson, 61, currently serves as Senior Managing Director at August Strategic Communications, a strategic communications and crisis advisory firm, where she advises clients on matters in areas including reputation management, crisis management, litigation and investigations, and cybersecurity and
Record quarterly revenues of $117.8 million, up 25% QoQ and 145% YoYDelivered $16.8 million of quarterly net income and $28.9 million of quarterly Adjusted EBITDAIncreased 2024 revenue and profitability outlook for the second consecutive quarter NORTHBOROUGH, Mass., Aug. 7, 2024 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE:ASPN) ("Aspen" or the "Company"), a technology leader in sustainability and electrification solutions, today announced financial results for the second quarter of 2024, and discussed recent business developments. Total revenue for the second quarter of 2024 was $117.8 million, compared to $48.2 million in the second quarter of 2023. Net income was $16.8 million, compared to
NEWPORT BEACH, Calif., July 16, 2024 (GLOBE NEWSWIRE) -- Gateway Group ("Gateway"), a leading financial communications and digital media advisory firm, today announced the initial sponsor list and latest presenting companies for its annual Gateway Conference taking place at the Four Seasons Hotel in San Francisco on September 4th and 5th. Conference SponsorshipThe Gateway Conference is sponsored by leading firms servicing the financial community. The event provides a rich environment for business development and an effective marketing platform to reach key corporate decision makers. Sponsorships are currently available in the Gold, Silver, and Bronze levels. For additional inform
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. Rodriguez, Chief Financial Officer & Treasurer, expect to discuss the Company's financial results for the second quarter ended June 30, 2024, during a conference call scheduled for Thursday, August 8, 2024, at 8:30 a.m. ET. The Company also expects to release financial results for the second quarter on Wednesday, August 7, 2024, after the market close. Shareholders and other interested parties may participate in the conference call by dialing +1 (833) 470-1428 (domestic) or +1 (929) 526-1599 (intern
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 that the Company is scheduled to attend the 10th Annual ROTH London Conference from Tuesday, June 25th through Thursday, June 27th, 2024, to be held at the Four Seasons Hotel London at Park Lane in London, UK. Donald R. Young, President & CEO, and Ricardo C. Rodriguez, CFO & Treasurer, will be hosting one-on-one and small group meetings with investors during the conference on June 26th and June 27th. For those interested in arranging a one-on-one or small group meeting with Aspen management, pleas
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. (NYSE:ASPN) ("Aspen" or the "Company"), a technology leader in sustainability and electrification solutions, today announced a PyroThin® design award from Valmet Automotive to supply the next generation electric-only Porsche 718 series. Aspen is also reiterating its 2024 financial outlook. Valmet Automotive / Porsche EV Thermal Barrier Commercial Award Valmet Automotive is Porsche's
NEWPORT BEACH, Calif., May 07, 2024 (GLOBE NEWSWIRE) -- Gateway Group ("Gateway"), a leading financial communications and digital media advisory firm, today announced the preliminary list of presenting companies for its annual Gateway Conference taking place at the Four Seasons Hotel in San Francisco on September 4th and 5th. Celebrating 25 years of connecting leading growth companies with global capital markets audiences, Gateway is bringing back its flagship conference in person for the first time since 2019. Over the past decade, the Gateway Conference has served as a vital platform for hundreds of companies, both public and private, across sectors such as technology, cleantech, cons
$94.5 million in company revenue drove 37% gross profit margins and $12.9 million of Adjusted EBITDARaising 2024 baseline Adjusted EBITDA outlook by 83%Expecting positive net income for 2024 NORTHBOROUGH, Mass., May 1, 2024 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE:ASPN) ("Aspen" or the "Company"), a technology leader in sustainability and electrification solutions, today announced financial results for the first quarter of 2024, and discussed recent business developments. Total revenue for the first quarter of 2024 was $94.5 million, compared to $45.6 million in the first quarter of 2023. Net loss was $1.8 million, compared to a net loss of $16.8 million in the first quarter of 2023. Net
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 a coveted Automotive News PACE Award for its PyroThin cell-to-cell (C2C) barrier platform used by leading automotive OEMs globally to improve electric vehicle (EV) battery safety and performance. Aspen was also honored with an Innovation Partnership Award recognizing its extensive collaboration with General Motors in relation to the selection of PyroThin C2C barriers as the thermal runaway solution for its Ultium battery platform. Automotive News' PACE program is recognized globally as the most