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Aspen Aerogels Inc - ASPN STOCK NEWS

Welcome to our dedicated page for Aspen Aerogels news (Ticker: ASPN), a resource for investors and traders seeking the latest updates and insights on Aspen Aerogels stock.

Company Overview

Aspen Aerogels Inc (NYSE: ASPN) is at the forefront of advanced aerogel technology, specializing in the design, development, and manufacture of high-performance insulation solutions. The company produces innovative flexible aerogel insulation products that offer up to five times better thermal performance compared to traditional materials. Its products are developed with a focus on energy conservation, cost savings, workforce safety, and environmental sustainability. By leveraging sophisticated materials science and engineering, Aspen Aerogels responds to critical challenges in thermal management, energy efficiency, and safety across multiple high-value markets.

Core Business Segments

The company operates through two primary segments:

  • Energy Industrial: This segment caters to traditional industrial markets including oil and gas production, LNG shipping and storage, and chemical processing. Aspen Aerogels supplies robust aerogel insulation that enhances process efficiency and safety, reducing overall energy usage and operational risks.
  • Thermal Barrier: Focused on applications in advanced transportation, particularly electric vehicles (EVs) and aerospace, this segment addresses the challenges of thermal runaway and battery safety. The company’s proprietary products, such as its PyroThin® solutions, are engineered to provide exceptional thermal management in demanding environments.

Technological Innovation and Product Excellence

At the core of Aspen Aerogels is its Aerogel Technology Platform®. This proprietary platform underpins the development of products with space-saving characteristics, ease of handling, and versatility across a range of applications. Through state-of-the-art research and development, supported by robust collaborations with U.S. government agencies and other institutions, the company continuously refines its product offerings to meet evolving market needs.

Market Position and Competitive Dynamics

Aspen Aerogels stands apart in the insulation industry by offering materials that provide unmatched thermal performance, ultimately leading to reduced energy consumption and lower CO2 emissions. The company serves an array of customers ranging from major energy infrastructure firms to high-tech automotive and aerospace manufacturers. Its approach of utilizing external manufacturing facilities alongside in-house production capabilities enables scalability and operational efficiency. Such flexibility ensures that Aspen Aerogels can adjust rapidly to changing market demands while maintaining stringent quality standards.

Applications and Industry Impact

The applications of Aspen Aerogels' products extend across multiple sectors. In the oil and gas and LNG industries, its aerogel insulation improves thermal efficiency and safety. In the building and construction sector, its products contribute to sustainable design and energy conservation. For the automotive and aerospace industries, particularly in electric vehicles, Aspen’s thermal barrier solutions play a pivotal role in ensuring battery performance and safety by mitigating risks associated with thermal runaway. By addressing these diverse needs, the company reinforces its reputation as a key technology partner in high-value industries where precision and reliability are paramount.

Operational Strategy and Scalability

Aspen Aerogels has developed a dual strategy by maintaining a strong presence in traditional energy industrial markets while also tapping into emerging sustainable and electrification trends. The company emphasizes a capital-light approach in its strategy by using external manufacturing partnerships to boost production capacity while enhancing its agile capacity to scale operations as demand increases. Such a model allows Aspen to achieve high gross margins and significant operational leverage, making it resilient even in fluctuating market conditions.

Research & Development and Collaborative Partnerships

The company’s commitment to innovation is evident in its robust R&D activities. Ongoing research is driven by collaborations with government agencies, technical institutes, and industry leaders, which enable Aspen Aerogels to stay at the cutting edge of material science and thermal insulation technology. This focus on R&D not only facilitates the continuous enhancement of product performance but also supports the development of new applications, thereby broadening the company’s market footprint.

Expertise in Sustainability and Safety

With sustainability and energy efficiency at its core, Aspen’s insulation products contribute significantly to reducing operational energy costs and lowering greenhouse gas emissions. Its solutions are designed to protect workers and improve operational safety in environments subject to high thermal loads, thereby supporting the dual objectives of economic efficiency and environmental responsibility. By addressing these critical issues, the company ensures that its product offerings remain relevant and highly valued across a range of sectors facing increased regulatory and environmental pressures.

Industry Terminology and Technical Proficiency

Throughout its communications and technical documentation, Aspen Aerogels employs industry-specific terminology that reflects its deep expertise in aerogel technology and thermal insulation solutions. Terms such as "thermal conductivity," "aerogel matrix," and "pyrolysis-resistant insulation" are frequently used to denote the superior characteristics of its products. This precise language reinforces the company’s position as an authority in its field and provides stakeholders with clear, factual insights into its technological advantages.

Investor and Analyst Considerations

For investors and market analysts, Aspen Aerogels presents a unique value proposition. Its diversified product mix, spanning various high-demand applications, coupled with scalable production capabilities and a strong commitment to R&D, provides a robust foundation for understanding the company's market position. Detailed analyses of its business model reveal a focus on operational efficiency, a strong balance sheet, and a clear strategy for leveraging technological innovation to address market needs without resorting to speculative future guidance.

Conclusion

In summary, Aspen Aerogels Inc embodies a convergence of advanced material science, technical innovation, and strategic market execution. The company’s relentless focus on superior thermal performance, sustainable energy solutions, and a flexible manufacturing approach sets it apart as a prominent figure within the high-performance insulation industry. Through its dual emphasis on the Energy Industrial and Thermal Barrier segments, Aspen Aerogels addresses a wide array of customer needs, reinforcing its standing as a trusted collaborator in the journey towards greater energy efficiency and safety. Whether viewed from the perspective of technical differentiation or market scalability, the company represents a well-rounded and resilient business model that continues to attract attention from across various high-value industrial sectors.

Rhea-AI Summary

Aspen Aerogels (NYSE: ASPN), a technology leader in sustainability and electrification solutions, has announced its participation in the 37th Annual ROTH Conference on March 17, 2025, at The Laguna Cliffs Marriott in Dana Point, CA.

The company's President & CEO, Donald R. Young, will engage in several key activities during the conference:

  • Host one-on-one and small group meetings with investors
  • Participate in a Fireside Chat with ROTH Capital's Managing Director Chip Moore from 10:30 AM to 10:55 AM PT

The presentation materials will be available on Aspen's website investor relations section, and the Fireside Chat will be accessible via live webcast, remaining available for one year. Investors interested in meetings can arrange them through their ROTH Capital representatives.

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Aspen Aerogels (NYSE: ASPN) reported strong financial results for Q4 and FY 2024. The company achieved $452.7 million in FY 2024 revenue, a 90% year-over-year increase, with gross margins growing to 40%. Q4 revenue reached $123.1 million, up 46% YoY, including record Energy Industrial revenue of $53.1 million.

The company reported net income of $13.4 million for FY 2024 (including a $27.5 million one-time charge) and Adjusted EBITDA of $89.9 million. Q4 delivered net income of $11.4 million and generated $20.9 million in free cash flow. The company ended 2024 with $220.9 million in cash.

Aspen secured a new PyroThin® Thermal Barrier contract with Volvo Truck and announced plans to halt construction of its Statesboro plant, opting instead to maximize capacity at existing facilities. For Q1 2025, the company projects revenue between $75-95 million with Adjusted EBITDA ranging from breakeven to $15 million.

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Aspen Aerogels (NYSE: ASPN) has announced a settlement agreement with AMA S.p.A. and AMA Composites S.r.l. to resolve their patent dispute in the Court of Genoa, Italy. The legal action concerned the unauthorized sale of infringing aerogel insulation materials in Europe.

The settlement acknowledges Aspen's innovations in developing high-performance insulation solutions. The company reaffirms its commitment to protecting intellectual property rights globally and promoting fair competition in the marketplace.

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Aspen Aerogels (NYSE: ASPN) has announced its upcoming fourth quarter and fiscal year 2024 earnings release schedule. The company will release its financial results on Wednesday, February 12, 2025, after market close, followed by a conference call on Thursday, February 13, 2025, at 8:30 a.m. ET.

President & CEO Don Young and CFO & Treasurer Ricardo C. Rodriguez will lead the conference call. Participants can join by dialing +1 (404) 975-4839 (domestic) or +1 (929) 526-1599 (international) with conference ID '890624'. A live webcast with accompanying slides will be available on the Investors section of Aspen's website, with a replay accessible for approximately one year.

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Aspen Aerogels (NYSE: ASPN), a technology leader in sustainability and electrification solutions, announces its participation in four major investor events during Q4 2024. The company will attend the Craig-Hallum Alpha Select Conference and Bernstein Industrials Forum on November 19, the Barclays Global Automotive and Mobility Tech Conference on November 20, and the Janney Clean Energy Investment Symposium on December 5. CFO Ricardo Rodriguez and IR Director Neal Baranosky will host one-on-one meetings with investors at all events. Additionally, Rodriguez will participate in a Fireside Chat at the Barclays conference on November 20 at 1:00 PM ET, which will be available via webcast.

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Aspen Aerogels (NYSE: ASPN) reported strong Q3 2024 results with revenue of $117.3 million, up 93% year-over-year, led by $90.6 million in Thermal Barrier revenue. The company posted a net loss of $13.0 million, including a $27.5 million one-time charge from convertible note redemption. Gross margins improved to 42%, and Adjusted EBITDA reached $25.4 million.

The company secured significant financing, including a $125 million term loan facility and a conditional commitment from the U.S. Department of Energy for up to $670.6 million. Aspen raised its 2024 outlook to $450 million in revenue, $9 million in net income, and $90 million in Adjusted EBITDA.

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Aspen Aerogels, Inc. (NYSE: ASPN) has announced the pricing of a public offering of 4,250,000 shares of its common stock at $20.00 per share. The company expects to raise approximately $85 million in gross proceeds, before deducting underwriting discounts and expenses. Aspen has also granted the underwriters a 30-day option to purchase up to an additional 637,500 shares at the same price.

The offering is set to close on October 23, 2024, subject to customary conditions. Aspen plans to use the net proceeds for working capital, capital expenditures, and general corporate purposes. Goldman Sachs & Co. and Morgan Stanley are acting as joint book-running managers for the offering, which is being made pursuant to a shelf registration statement on Form S-3 filed with the SEC.

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Aspen Aerogels (NYSE: ASPN), a technology leader in sustainability and electrification solutions, has announced a public offering of 4,250,000 shares of its common stock. The company plans to grant underwriters a 30-day option to purchase up to an additional 637,500 shares. Goldman Sachs & Co. and Morgan Stanley are acting as joint book-running managers for the offering.

Aspen intends to use the net proceeds for working capital, capital expenditures, and general corporate purposes. The offering is being made pursuant to a shelf registration statement on Form S-3 filed with the SEC. A preliminary prospectus supplement and accompanying prospectus will be available on the SEC's website.

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Aspen Aerogels (NYSE: ASPN) has received a conditional commitment from the U.S. Department of Energy for a proposed loan of up to $670.6 million to finance the construction of its second aerogel manufacturing facility in Register, Georgia. The loan, structured as project financing, would fully fund the remaining CAPEX needed to complete the plant. The Register Plant is designed to manufacture PyroThin® aerogel blankets, with an estimated revenue capacity of $1.2B - $1.6B.

Additionally, Aspen announced Q3 2024 preliminary financial results, including revenue of approximately $117 million, a net loss of about $13 million, and Adjusted EBITDA of approximately $25 million. The company's cash and cash equivalents were approximately $113 million as of September 30, 2024.

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Aspen Aerogels (NYSE: ASPN) has secured a $125 million term loan and a $100 million revolving credit facility with MidCap Financial. The collateral structure excludes assets related to Aspen's planned second aerogel manufacturing facility in Statesboro, Georgia. Proceeds will be used to fully redeem the company's legacy convertible note and support general corporate purposes. The term loan matures on August 19, 2029.

This transaction aims to reduce Aspen's cost of capital and provide financing flexibility. The collateral structure is optimized to fit into the anticipated structure of a potential debt option for accelerating the construction of the second manufacturing facility. Management views this as a step towards further reducing capital costs and accessing additional liquidity to support profitable revenue growth.

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FAQ

What is the current stock price of Aspen Aerogels (ASPN)?

The current stock price of Aspen Aerogels (ASPN) is $5.1 as of April 10, 2025.

What is the market cap of Aspen Aerogels (ASPN)?

The market cap of Aspen Aerogels (ASPN) is approximately 421.7M.

What core products does Aspen Aerogels Inc offer?

Aspen Aerogels manufactures high-performance aerogel insulation products that deliver superior thermal performance, including versatile thermal barrier solutions and products for energy industrial applications.

Which industries benefit from Aspen Aerogels’ solutions?

The company serves a diverse range, including oil and gas, LNG, building construction, outdoor apparel, appliances, transportation, military, aerospace, and electric vehicle markets.

How does Aspen Aerogels differentiate its products from competitors?

Its products offer enhanced thermal performance—up to five times better than traditional insulation—while providing space savings, ease of handling, and advanced safety features crucial for high-temperature applications.

What are the primary business segments of the company?

Aspen Aerogels operates mainly through its Energy Industrial segment, which focuses on insulation for traditional energy markets, and its Thermal Barrier segment, which addresses safety challenges in EVs and aerospace.

What role does research and development play at Aspen Aerogels?

R&D is central to the company’s strategy, driving continuous improvements in product performance and the development of new applications through partnerships with government agencies and industry experts.

How does the technology contribute to energy efficiency?

The advanced aerogel insulation products significantly reduce heat transfer, leading to decreased energy consumption, lower operational costs, and a reduction in CO2 emissions.

How does Aspen ensure scalability and operational efficiency?

The company employs a flexible manufacturing strategy that combines in-house production with external facilities, enabling rapid capacity scaling while maintaining high quality and efficiency.

What technical terms are associated with Aspen Aerogels’ technology?

Common technical terms include 'aerogel matrix,' 'thermal conductivity,' and 'pyrolysis-resistant insulation,' reflecting the advanced material science applied in their products.

Is Aspen Aerogels focused on sustainability?

Yes, sustainability is a cornerstone of the company’s mission, with its insulation solutions designed to conserve energy and reduce environmental impact by lowering greenhouse gas emissions.

What should investors understand about Aspen Aerogels’ market position?

Investors should note the company's diversified applications, scalable production model, strong R&D focus, and its neutral, well-documented approach to operational efficiency and safety, which together form a resilient business model.
Aspen Aerogels Inc

NYSE:ASPN

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421.72M
68.70M
16.83%
77.93%
11.84%
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