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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) 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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Aspen Aerogels, Inc. (NYSE: ASPN) has appointed Cari Robinson to its Board of Directors, including roles on the Audit Committee and the Nominating, Governance and Sustainability Committee. Robinson, 61, brings extensive experience in strategic communications, crisis management, and corporate governance. Her background includes senior positions at August Strategic Communications, Revlon, Inc., and IBM, where she handled complex legal, financial, and cybersecurity matters. Donald R. Young, President and CEO of Aspen, highlighted Robinson's strategic thinking and business acumen as valuable assets to the company. This appointment aligns with Aspen's commitment to incorporating diverse expertise and perspectives into its leadership team as the company continues to grow in sustainability and electrification solutions.

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Aspen Aerogels (NYSE: ASPN) reported record Q2 2024 revenues of $117.8 million, up 25% QoQ and 145% YoY. The company achieved net income of $16.8 million ($0.21 per diluted share) and Adjusted EBITDA of $28.9 million. Key highlights include:

- Thermal Barriers revenue: $80.8 million (+24% QoQ, +540% YoY)
- Energy Industrial revenue: $36.9 million (+27% QoQ, +4% YoY)
- Gross margins improved to 44%
- Cash generated from operations: $6.8 million

Aspen increased its 2024 outlook, projecting revenue over $390 million (+63% YoY), net income exceeding $7 million, and Adjusted EBITDA above $60 million. The company remains positioned to capture additional revenues as automotive OEM customers ramp up production and Energy Industrial product supply increases.

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Aspen Aerogels, Inc. (NYSE: ASPN) has announced its upcoming second quarter 2024 earnings release and conference call. The company plans to release its financial results for Q2 2024 on Wednesday, August 7, 2024, after market close. A conference call to discuss these results is scheduled for Thursday, August 8, 2024, at 8:30 a.m. ET.

President & CEO Don Young and CFO & Treasurer Ricardo C. Rodriguez will lead the discussion. Interested parties can join the call by dialing +1 (833) 470-1428 (domestic) or +1 (929) 526-1599 (international) with conference ID '517793'. A live webcast and slide presentation will be available on Aspen's website. A replay will be accessible on the company's Investor Relations section for approximately one year after the call.

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Aspen Aerogels (NYSE: ASPN) has confirmed its attendance at the 10th Annual ROTH London Conference, scheduled for June 25-27, 2024, at the Four Seasons Hotel London at Park Lane. The company, recognized for its advancements in sustainability and electrification, will be represented by President & CEO Donald R. Young and CFO & Treasurer Ricardo C. Rodriguez. They will conduct one-on-one and small group meetings with investors on June 26 and 27. Interested parties are encouraged to arrange meetings through their ROTH Capital representative.

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Aspen Aerogels has received a PyroThin® design award from Valmet Automotive to supply thermal barriers for the next generation electric Porsche 718 series. This marks Aspen's sixth OEM award and includes models like the Cayman and Boxster, set for production in 2025. Aspen's 2024 financial outlook remains unchanged, projecting revenues of over $380 million, with the Thermal Barrier segment contributing over $230 million. The net income is expected to exceed $2 million with an earnings per share of over $0.03. Adjusted EBITDA is projected to be over $55 million, reflecting a 340% year-over-year improvement. The company is optimistic about adding more awards to its portfolio in 2024.

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Aspen Aerogels, Inc. reported $94.5 million in company revenue with 37% gross profit margins and $12.9 million Adjusted EBITDA for Q1 2024. They raised their 2024 Adjusted EBITDA outlook by 83% and expect positive net income for the year. Recent business highlights include revenue growth, thermal barriers, operating income improvement, and awards received. The updated 2024 financial outlook shows significant growth in revenue, Adjusted EBITDA, net income, and earnings per share.

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Aspen Aerogels, Inc. (NYSE: ASPN) received both the Automotive News PACE Award and the Innovation Partnership Award for its PyroThin C2C barrier platform used in electric vehicle battery safety. The company collaborated with General Motors to develop the solution, recognized for its industry-leading innovation and technology advancement. Aspen's PyroThin technology has revolutionized the automotive industry by improving EV safety, energy density, and cell health across North America, Europe, and Asia. With a rich history of customer collaboration and innovation, Aspen continues to push the boundaries of what is achievable in the industry.

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Aspen Aerogels, Inc. (NYSE: ASPN) is set to participate in key investor events in May, including Oppenheimer's Emerging Growth Conference, TD Cowen's Sustainability Week, and B. Riley's Institutional Investor Conference. The company's President & CEO and CFO will engage in one-on-one meetings with investors and participate in Fireside Chats. Presentation materials will be available on Aspen's website. This strategic move aims to enhance investor relations and showcase Aspen's sustainability and electrification solutions.
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Aspen Aerogels, Inc. (ASPN) announced a conference call to discuss Q1 financial results on May 2, 2024. Shareholders can join the call or webcast to learn about the company's performance.
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FAQ

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

The current stock price of Aspen Aerogels (ASPN) is $5.21 as of April 17, 2025.

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

The market cap of Aspen Aerogels (ASPN) is approximately 436.0M.

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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