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 |
|---|---|---|---|
| 5/8/2025 | Outperform → Perform | Oppenheimer | |
| 3/7/2025 | $11.00 | Buy | TD Cowen |
| 2/13/2025 | Buy → Neutral | Seaport Research Partners | |
| 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 |
Delivered revenues of $78.7 million and operating cash flow of $5.6 millionNew PyroThin award with leading American OEM for next-gen prismatic LFP vehicle platform NORTHBOROUGH, Mass., May 8, 2025 /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 2025, and discussed recent business developments. Total revenue for the first quarter of 2025 was $78.7 million, compared to $94.5 million in the first quarter of 2024. Net loss was $301.2 million, which included a $286.6 million impairment charge in connection with the demobilization of the Comp
NORTHBOROUGH, Mass., April 16, 2025 /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, 2025, during a conference call scheduled for Thursday, May 8, 2025, at 8:30 a.m. ET. The Company also expects to release quarterly financial results prior to the market opening on the morning of Thursday, May 8, 2025. Shareholders and other interested parties may participate in the conference call by dialing +1 (404) 975-4839 (domestic) or +1 (929) 526-1599 (intern
$452.7 million in FY 2024 revenue, a 90% year-over-year increase FY 2024 gross margins grew to 40%, driving $13.4 million of net income and $89.9 million of Adjusted EBITDA Record Energy Industrial revenue in Q4 of $53.1 million Ended the year with $220.9 million of cash and generated $20.9 million of free cash flow in Q4 External manufacturing facility capable of increasing capacity; demobilizing Statesboro plant project Awarded PyroThin® Thermal Barrier contract for Volvo Truck commercial vehicle program NORTHBOROUGH, Mass., Feb. 12, 2025 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE:ASPN) ("Aspen" or the "Company"), a technology leader in sustainability and electrification solutions, today
NORTHBOROUGH, Mass., Jan. 23, 2025 /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 fourth quarter and year ended December 31, 2024, during a conference call scheduled for Thursday, February 13, 2025, at 8:30 a.m. ET. The Company also expects to release financial results for the fourth quarter and fiscal year 2024 on Wednesday, February 12, 2025, after the market close. Shareholders and other interested parties may participate in the conference call by dialing +1 (404) 975-4839
Proposed loan of up to $670.6 million would fund the remaining CAPEX needed to complete Company's second aerogel plantInterest rate at applicable U.S. Treasury Rate at the time of each cash drawPlant is expected to provide ~$1.2B - $1.6B of incremental PyroThin® thermal barrier revenue capacityProject financing structure, with Aspen Aerogels, Inc.'s subsidiary Aspen Georgia, LLC as the borrower Q3 2024 revenue of $117 million drove $25 million of Adjusted EBITDA NORTHBOROUGH, Mass., Oct. 16, 2024 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE:ASPN) ("Aspen" or the "Company"), a technology leader in sustainability and electrification solutions, today announced that it has received a conditional c
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., May 14, 2025 /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 participate in the 25th Annual B. Riley Securities Investor Conference on Wednesday, May 21, 2025 and Thursday, May 22, 2025, to be held at the Ritz-Carlton in Marina Del Rey, CA. 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. For those interested in arranging a meeting with Aspen management, please contact your B. Riley representative. About Aspen
Delivered revenues of $78.7 million and operating cash flow of $5.6 millionNew PyroThin award with leading American OEM for next-gen prismatic LFP vehicle platform NORTHBOROUGH, Mass., May 8, 2025 /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 2025, and discussed recent business developments. Total revenue for the first quarter of 2025 was $78.7 million, compared to $94.5 million in the first quarter of 2024. Net loss was $301.2 million, which included a $286.6 million impairment charge in connection with the demobilization of the Comp
NORTHBOROUGH, Mass., April 16, 2025 /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, 2025, during a conference call scheduled for Thursday, May 8, 2025, at 8:30 a.m. ET. The Company also expects to release quarterly financial results prior to the market opening on the morning of Thursday, May 8, 2025. Shareholders and other interested parties may participate in the conference call by dialing +1 (404) 975-4839 (domestic) or +1 (929) 526-1599 (intern
NORTHBOROUGH, Mass., March 4, 2025 /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 present at the 37th Annual ROTH Conference on Monday, March 17, 2025, to be held at The Laguna Cliffs Marriott in Dana Point, CA. The presentation materials utilized during the conference will be available on the Investor Relations section of Aspen's website at www.aerogel.com. Donald R. Young, President & CEO, will be hosting one-on-one and small group meetings with investors during the conference. In addition, the conference will feature a Fireside Chat with Mr.
$452.7 million in FY 2024 revenue, a 90% year-over-year increase FY 2024 gross margins grew to 40%, driving $13.4 million of net income and $89.9 million of Adjusted EBITDA Record Energy Industrial revenue in Q4 of $53.1 million Ended the year with $220.9 million of cash and generated $20.9 million of free cash flow in Q4 External manufacturing facility capable of increasing capacity; demobilizing Statesboro plant project Awarded PyroThin® Thermal Barrier contract for Volvo Truck commercial vehicle program NORTHBOROUGH, Mass., Feb. 12, 2025 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE:ASPN) ("Aspen" or the "Company"), a technology leader in sustainability and electrification solutions, today
NORTHBOROUGH, Mass., Jan. 28, 2025 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE:ASPN) ("Aspen"), a leading innovator and global leader in aerogel technology and high-performance aerogel insulation solutions, announced today that it has reached an agreement to resolve its patent dispute with AMA S.p.A. and AMA Composites S.r.l. (collectively, "AMA") before the Court of Genoa, Italy. This settlement concludes Aspen's legal action against AMA regarding the unauthorized sale of infringing aerogel insulation materials in Europe. "We are pleased to have reached a settlement with AMA that recognizes the years of innovation Aspen Aerogels has dedicated to developing industry-leading, high-performance
NORTHBOROUGH, Mass., Jan. 23, 2025 /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 fourth quarter and year ended December 31, 2024, during a conference call scheduled for Thursday, February 13, 2025, at 8:30 a.m. ET. The Company also expects to release financial results for the fourth quarter and fiscal year 2024 on Wednesday, February 12, 2025, after the market close. Shareholders and other interested parties may participate in the conference call by dialing +1 (404) 975-4839
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 "Company"), a technology leader in sustainability and electrification solutions, today announced that the Company is scheduled to participate in the following investor events in the fourth quarter of 2024: (i) Craig-Hallum 15th Annual Alpha Select Conference, (ii) Bernstein 3rd Annual Industrials Forum, (iii) Barclays 15th Annual Global Automotive and Mobility Tech Conference and (iv) Janney 2nd Annual Clean Energy Investment Symposium. Craig-Hallum 15th Annual Alpha Select Conference / November
$117.3 million in quarterly revenue, led by $90.6 million of Thermal Barrier revenueContinued cost discipline delivered 42% company gross margins and 22% Adjusted EBITDA marginsIncreased 2024 Financial Outlook to $450 million of revenue, $9 million of net income, and $90 million of Adjusted EBITDAVarious financing activities completed to fully-fund growth strategy NORTHBOROUGH, Mass., Nov. 6, 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 third quarter of 2024, and discussed recent business developments. Total revenue for the third quarter of 2024
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 the pricing of an underwritten public offering of 4,250,000 shares of its common stock at a public offering price of $20.00 per share. In addition, the Company has granted the underwriters of the offering a 30-day option to purchase up to an additional 637,500 shares of common stock at the public offering price, less underwriting discounts and commissions. The gross proceeds to Aspen from this offering are expected to be approximately $85 million, before deducting underwriting discounts and commiss
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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
Oppenheimer downgraded Aspen Aerogels from Outperform to Perform
TD Cowen resumed coverage of Aspen Aerogels with a rating of Buy and set a new price target of $11.00
Seaport Research Partners downgraded Aspen Aerogels from Buy to Neutral
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