Aspen Aerogels (ASPN)

• Market cap: $605M
• 1 day: -0.81%
• 5 days: -4.16%
• 1 month: -37.28%
• 3 months: -43.95%
• 6 months: -69.56%
• Year to date: -39.44%
• 1 year: -57.86%
• 5 years: 22.83%
• 10 years: -1.86%
• Sector: Materials
• Industry: Lumber & Other Construction Materials

About: Aspen Aerogels Inc is an aerogel technology company that designs, develops, and manufactures high-performance aerogel insulation used in the energy industrial and sustainable insulation markets. The company also conducts research and development related to aerogel technology supported by funding from several agencies of the United States of America government and other institutions in the form of research and development contracts. It is engaged in two operating segment Energy Industrial and Thermal Barrier. Geographically, it operates in the U.S. and also has a presence in other International countries. It generates the majority of its revenue from the Energy Industrial segment and the United States market. Some of its products include Pyrogel XTE; Cryogel Z; Spaceloft Subsea; and others.

Employees: 554

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

128% more repeat investments, than reductions

Existing positions increased: 98 | Existing positions reduced: 43

85% more call options, than puts

Call options by funds: $46.5M | Put options by funds: $25.1M

1.42% less ownership

Funds ownership: 91.05% [Q3] → 89.62% (-1.42%) [Q4]

6% less funds holding

Funds holding: 242 [Q3] → 227 (-15) [Q4]

13% less first-time investments, than exits

New positions opened: 59 | Existing positions closed: 68

38% less funds holding in top 10

Funds holding in top 10: 8 [Q3] → 5 (-3) [Q4]

55% less capital invested

Capital invested by funds: $1.93B [Q3] → $868M (-$1.06B) [Q4]

Research analyst outlook

5 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $13 76% upside
• Avg. target: $16.80 128% upside
• High target: $22 199% upside

5 analyst ratings

• positive: 5 100%
• neutral: 0 0%
• negative: 0 0%

B. Riley Securities Ryan Pfingst 57% 1-year accuracy 4 / 7 met price target	199% upside $22	Buy Maintained	19 Feb 2025
Barclays David Anderson 32% 1-year accuracy 26 / 82 met price target	76% upside $13	Overweight Maintained	19 Feb 2025
Roth MKM Chip Moore 30% 1-year accuracy 8 / 27 met price target	117% upside $16	Buy Maintained	14 Feb 2025
Canaccord Genuity George Gianarikas 25% 1-year accuracy 14 / 56 met price target	104% upside $15	Buy Maintained	14 Feb 2025
Craig-Hallum Eric Stine 19% 1-year accuracy 5 / 27 met price target	144% upside $18	Buy Maintained	14 Feb 2025