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Why Aspen Aerogels Stock Popped Today
ASPNAspen Aerogels(ASPN) The Motley Fool·2024-02-14 01:41

Shares of Aspen Aerogels (ASPN 15.56%) jumped 15.6% on Tuesday after the sustainability and electrification solutions specialist announced far stronger-than-expected quarterly results.The key to Aspen Aerogels' outperformanceAspen Aerogels' fourth-quarter revenue jumped 41% year over year to 84.2million,anditsnetlossnarrowedto84.2 million, and its net loss narrowed to 519,000, or 0.01pershare,fromalossof0.01 per share, from a loss of 0.20 per share a year earlier. Analysts, on average, were modeling a much wider net loss of 0.12pershareonrevenueof0.12 per share on revenue of 83.8 m ...