Aspen AerogelsASPN
ASPN
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
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 4 analysts
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
44% more first-time investments, than exits
New positions opened: 65 | Existing positions closed: 45
13% more capital invested
Capital invested by funds: $1.7B [Q2] → $1.92B (+$225M) [Q3]
12% more repeat investments, than reductions
Existing positions increased: 74 | Existing positions reduced: 66
9% more funds holding
Funds holding: 220 [Q2] → 240 (+20) [Q3]
2.35% less ownership
Funds ownership: 93.35% [Q2] → 91.0% (-2.35%) [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
$25
107%
upside
Avg. target
$30
147%
upside
High target
$33
174%
upside
4 analyst ratings
4 positive
100%
0 neutral
0%
0 negative
0%
Barclays David Anderson 43% 1-year accuracy 34 / 80 met price target | 107%upside $25 | Overweight Maintained | 12 Nov 2024 |
Roth MKM Chip Moore 36% 1-year accuracy 10 / 28 met price target | 157%upside $31 | Buy Maintained | 8 Nov 2024 |
Piper Sandler Alexander Potter 62% 1-year accuracy 13 / 21 met price target | 174%upside $33 | Overweight Maintained | 22 Oct 2024 |
HC Wainwright & Co. Amit Dayal 39% 1-year accuracy 44 / 112 met price target | 149%upside $30 | Buy Reiterated | 16 Oct 2024 |
Financial journalist opinion
Neutral
Seeking Alpha
2 weeks ago
Aspen Aerogels: Thermal Barriers Could Sustain Further Growth Despite A Chilly Market
I find Aspen's 93% YoY revenue growth in Q3 2024 quite impressive, driven entirely by organic demand for PyroThin thermal barriers, with revenue guidance raised significantly this year. Gross margins climbed to 42% in the past quarter, while adj. EBITDA is projected to reach $90M in FY2024. Management's debt refinancing decision reduces dilution risks in the long term, a move I highly favor, despite the recent public offering.
Positive
Benzinga
4 weeks ago
Top 3 Materials Stocks That Could Blast Off In November
The most oversold stocks in the materials sector presents an opportunity to buy into undervalued companies.
Positive
Seeking Alpha
1 month ago
Aspen Aerogels: Despite Recent Pressure, This Is Intriguing
Aspen Aerogels has transformed from an industrial insulation supplier to a key EV sector player, showing significant revenue growth and operating leverage. Despite impressive results and DOE funding news, shares fell due to a low-priced equity issue, concerns over EV demand, and uncertainty about a new factory. Shares dropped nearly 50% in a month, with third quarter sales up 93% YoY, driven by thermal barrier revenues, while facing capacity constraints.
Neutral
PRNewsWire
1 month ago
Aspen Aerogels, Inc. to Present at the Barclays 15th Annual Global Automotive and Mobility Tech Conference
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.
Neutral
Seeking Alpha
1 month ago
Aspen Aerogels, Inc. (ASPN) Q3 2024 Earnings Call Transcript
Aspen Aerogels, Inc. (NYSE:ASPN ) Q3 2024 Earnings Conference Call November 7, 2024 8:30 AM ET Company Participants Neal Baranosky – Senior Director of Corporate of Strategy & Finance Donald R. Young – President and CEO Ricardo C.
Positive
Zacks Investment Research
1 month ago
Aspen Aerogels (ASPN) Q3 Earnings and Revenues Beat Estimates
Aspen Aerogels (ASPN) came out with quarterly earnings of $0.11 per share, beating the Zacks Consensus Estimate of a loss of $0.10 per share. This compares to loss of $0.19 per share a year ago.
Neutral
PRNewsWire
1 month ago
Aspen Aerogels, Inc. Reports Third Quarter 2024 Financial Results and Recent Business Highlights
$117.3 million in quarterly revenue, led by $90.6 million of Thermal Barrier revenue Continued cost discipline delivered 42% company gross margins and 22% Adjusted EBITDA margins Increased 2024 Financial Outlook to $450 million of revenue, $9 million of net income, and $90 million of Adjusted EBITDA Various 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.
Negative
Zacks Investment Research
1 month ago
Aspen Aerogels (ASPN) May Report Negative Earnings: Know the Trend Ahead of Next Week's Release
Aspen Aerogels (ASPN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Positive
Seeking Alpha
1 month ago
Aspen Aerogels: Interesting Times
Aspen Aerogels has transformed from an insulation supplier to a key player in the EV sector, showing strong revenue growth and operating leverage. Despite impressive quarterly results and preliminary DOE funding for a new plant, concerns about EV demand remain. The company raised $85 million through a share issuance, despite holding over $100 million in cash, raising questions about future funding needs.
Neutral
PRNewsWire
2 months ago
ASPEN AEROGELS, INC. ANNOUNCES PRICING OF PUBLIC OFFERING OF 4,250,000 SHARES OF COMMON STOCK
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.
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