Record quarterly revenues of $117.8 million, up 25% QoQ and 145% YoYDelivered $16.8 million of quarterly net income and $28.9 million of quarterly Adjusted EBITDAIncreased 2024 revenue and profitability outlook for the second consecutive quarter NORTHBOROUGH, Mass., Aug. 7, 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 second quarter of 2024, and discussed recen ...

The market expects Aspen Aerogels (ASPN) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on August 7, 2024, might help the stock move higher if these key numbers are ...

Over the past few trading days, the broader U.S. equity markets have been trading at record highs buoyed by optimism related to rate cuts driven by easing inflationary pressures and an uptick in the unemployment rate. Although the June labor market data revealed that the U.S. economy added higher-than-expected 206,000 nonfarm payrolls, unemployment rose to 4.1% compared with broad-based expectations of a flat curve at 4%.These ignited hopes of a possible rate cut as early as September. The optimism was furt ...

For those looking to find strong Construction stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Aspen Aerogels (ASPN) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Construction sector should help us answer this question.Aspen Aerogels is a member of the Construction sector. This group includes 90 individual stocks and currently holds a Zacks Sector Rank of #8. The Zacks Sector Rank gaug ...

Investors might want to bet on Aspen Aerogels (ASPN) , as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.The power of a changing ...

NORTHBOROUGH, Mass., June 19, 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 attend the 10th Annual ROTH London Conference from Tuesday, June 25th through Thursday, June 27th, 2024, to be held at the Four Seasons Hotel London at Park Lane in London, UK. Donald R. Young, President & CEO, and Ricardo C. Rodriguez, CFO & Treasurer, will be hosting one-on-one ...

Aspen Aerogels, Inc. (ASPN) secured a PyroThin design award from Porsche's manufacturing partner, Valmet Automotive, to supply the next-generation electric-only Porsche 718 series. This marks the company's sixth OEM award. Aspen Aerogels also reiterated its 2024 financial goals.The company is optimistic about adding Valmet Automotive and Porsche to its growing list of customers. Aspen Aerogels believes that this award validates PyroThin as a leading EV thermal barrier solution. It expects to secure more awa ...

Valmet Automotive design award for the Porsche 718 series is Aspen's sixth OEM award 2024 Financial Outlook remains unchanged NORTHBOROUGH, Mass., June 13, 2024 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE: ASPN) ("Aspen" or the "Company"), a technology leader in sustainability and electrification solutions, today announced a PyroThin® design award from Valmet Automotive to supply the next generation electric-only Porsche 718 series. Aspen is also reiterating its 2024 financial outlook. Valmet Automotive / Po ...

With Q1 earnings behind most electric vehicle (EV) companies, it is time to reassess the market and investor positioning, identifying promising EV stocks to buy. The latest market growth forecast by BloombergNEF remains positive. This holds true despite the high entry cost and EV saturation in China.North American EV sales are forecast to grow by 31% in 2024 from 49% in 2023. But, the EU market is heading for a slump due to faltering economy and subsidy cuts. This leaves the Euro market with only a 10% sale ...

While "the trend is your friend" when it comes to short-term investing or trading, timing entries into the trend is a key determinant of success. And increasing the odds of success by making sure the sustainability of a trend isn't easy.Often, the direction of a stock's price movement reverses quickly after taking a position in it, making investors incur a short-term capital loss. So, it's important to ensure that there are enough factors -- such as sound fundamentals, positive earnings estimate revisions, ...