Aspen Aerogels (ASPN)

• Market cap: $956M
• 1 day: -8.41%
• 5 days: -10.73%
• 1 month: -3.32%
• 3 months: -45.38%
• 6 months: -50.45%
• Year to date: -4.27%
• 1 year: -4.59%
• 5 years: 16.85%
• 10 years: 63.39%
• 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: 548

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

322% more call options, than puts

Call options by funds: $99.7M | Put options by funds: $23.6M

55% more first-time investments, than exits

New positions opened: 65 | Existing positions closed: 42

13% more capital invested

Capital invested by funds: $1.7B [Q2] → $1.92B (+$225M) [Q3]

10% more repeat investments, than reductions

Existing positions increased: 74 | Existing positions reduced: 67

10% more funds holding

Funds holding: 220 [Q2] → 241 (+21) [Q3]

2.33% less ownership

Funds ownership: 93.39% [Q2] → 91.05% (-2.33%) [Q3]

11% less funds holding in top 10

Funds holding in top 10: 9 [Q2] → 8 (-1) [Q3]

Research analyst outlook

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

• Low target: $20 72% upside
• Avg. target: $27 134% upside
• High target: $33 183% upside

4 analyst ratings

• positive: 4 100%
• neutral: 0 0%
• negative: 0 0%

Canaccord Genuity George Gianarikas 52% 1-year accuracy 25 / 48 met price target	72% upside $20	Buy Maintained	16 Jan 2025
Barclays David Anderson 43% 1-year accuracy 34 / 79 met price target	115% upside $25	Overweight Maintained	12 Nov 2024
Roth MKM Chip Moore 33% 1-year accuracy 9 / 27 met price target	166% upside $31	Buy Maintained	8 Nov 2024
Piper Sandler Alexander Potter 55% 1-year accuracy 12 / 22 met price target	183% upside $33	Overweight Maintained	22 Oct 2024