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, ...

Fred UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Trading Symbol Name of exchange on which registered Common Stock, par value $0.00001 per share ASPN The New York Stock Exchange FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Co ...

Financial Data and Key Metrics Changes - Revenue increased from $61 million in Q3 2023 to $84 million in Q4 2023, and reached nearly $95 million in Q1 2024, marking a 107% year-over-year growth and a 12% quarter-over-quarter growth [10][18]. - Gross margin improved from 11% to 37% over the past five quarters, with a gross profit of $35.1 million in Q1 2024, up from $5.1 million in the same quarter last year [12][22]. - Adjusted EBITDA was $12.9 million in Q1 2024, compared to a loss of $13.9 million in Q1 2023, reflecting a $24.5 million year-over-year improvement [26]. Business Line Data and Key Metrics Changes - EV PyroThin thermal barrier revenue surged from $7 million in 2021 to $110 million in 2023, with expectations to more than double in 2024 [11]. - Energy Industrial revenue was $29.1 million in Q1 2024, a decrease of 14% year-over-year, but the company anticipates over $150 million in revenue for this segment in 2024 [19]. - EV thermal barrier revenue reached $65.4 million in Q1 2024, up 459% year-over-year and 24% quarter-over-quarter [20]. Market Data and Key Metrics Changes - The company expects General Motors to produce at least 200,000 EVs in 2024, which will significantly contribute to the EV thermal barrier business [31]. - The energy industrial segment is experiencing strong demand, particularly in cryogenic products for the LNG industry, indicating robust market activity [15]. Company Strategy and Development Direction - The company is focusing on three key strategic elements: converting Plant 1 to support PyroThin production, transitioning to an External Manufacturing Facility for Energy Industrial growth, and enhancing operational performance for financial flexibility [14]. - Plans for a second aerogel manufacturing facility in Georgia aim to add approximately $1.2 billion in revenue capacity by 2027 [16]. Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving at least $380 million in revenue and $55 million in adjusted EBITDA for 2024, with potential for exceeding these baseline numbers [12][35]. - The company remains cautious about broader long-term industry dynamics while focusing on cost management and optimizing the balance sheet [40]. Other Important Information - The company ended Q1 2024 with over $100 million in cash and is engaged in due diligence with the U.S. Department of Energy for potential funding to restart construction of Plant 2 [16][29]. - Recent awards from Automotive News highlight the company's innovation in battery safety and performance, reinforcing its market position [41][42]. Q&A Session Summary Question: Expectations for new customer layering in 2025 - Management indicated that Q1 saw invoicing for prototype parts for nearly 20 different OEM programs, with a focus on ramping existing awards in 2025 [43][44]. Question: Capacity increase for Energy Industrial revenue - Management confirmed the capability to grow the Energy Industrial business beyond the previously mentioned $150 million, with potential to reach $200 million over the next several quarters [46][47]. Question: Process improvements at the Rhode Island facility - Management noted that significant improvements had already been made, with further incremental gains expected, particularly in yield and profitability [49][51]. Question: Customer conversations and product integration - Management highlighted that discussions with customers have evolved to focus on established solutions, with a trend towards cell-to-pack designs favoring their products [54][56]. Question: Energy Industrial segment margins and logistics - Management explained that the transition to external manufacturing has improved gross margins by tightening the value chain and reducing logistics costs [58][59]. Question: Q1 performance and inventory levels - Management clarified that Q1 performance was standard and not driven by inventory build, with customers ramping up manufacturing rather than building excess inventory [60][64].

May 2, 2024 ASPEN AEROGELS Q1 2024 FINANCIAL RESULTS CALL Disclaimer on Forward Looking Statements This presentation and any related discussion contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties that could cause actual results ...