Aspen Aerogels (ASPN)

• Market cap: $631M
• 1 day: -3.27%
• 5 days: 11.94%
• 1 month: -35.92%
• 3 months: -43.87%
• 6 months: -66.74%
• Year to date: -36.81%
• 1 year: -55.86%
• 5 years: 5.63%
• 10 years: 1.05%
• 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 69% upside
• Avg. target: $16.80 118% upside
• High target: $22 186% 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	186% upside $22	Buy Maintained	19 Feb 2025
Barclays David Anderson 34% 1-year accuracy 28 / 82 met price target	69% upside $13	Overweight Maintained	19 Feb 2025
Roth MKM Chip Moore 33% 1-year accuracy 9 / 27 met price target	108% upside $16	Buy Maintained	14 Feb 2025
Canaccord Genuity George Gianarikas 29% 1-year accuracy 16 / 55 met price target	95% upside $15	Buy Maintained	14 Feb 2025
Craig-Hallum Eric Stine 21% 1-year accuracy 6 / 28 met price target	134% upside $18	Buy Maintained	14 Feb 2025