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Aspen Aerogels, Inc. - ASPN STOCK NEWS

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

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Aspen Aerogels's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Aspen Aerogels's position in the market.

Rhea-AI Summary
Aspen Aerogels, Inc. (NYSE: ASPN) announced a commercial award for its PyroThin® EV Thermal Barrier segment and an update on its application for a loan through the U.S. Department of Energy Loan Programs Office. The company received an additional PyroThin vehicle platform award from The Automotive Cells Company for the Stellantis STLA Medium vehicle platform with expected start of production in 2025. Aspen also received a letter from the U.S. Department of Energy Loan Programs Office confirming that its pending application seeking a loan is substantially complete and inviting the company to formal due diligence.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
12.39%
Tags
none
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Rhea-AI Summary
Aspen Aerogels, Inc. (ASPN) to participate at Janney's Clean Energy Investment Symposium. CFO to host one-on-one meetings with investors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.1%
Tags
conferences
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Rhea-AI Summary
Aspen Aerogels, Inc. announces record revenue of $60.8 million in Q3 2023, a 66% increase YoY. The company achieved PyroThin thermal barrier revenues of $32.8 million, up 160% QoQ. Q3 gross profit margins improved to 23% compared to 17% in Q2 2023. Adjusted EBITDA for Q3 was $(7.3) million, a 68% improvement QoQ.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
11.28%
Tags
Rhea-AI Summary
Aspen Aerogels, Inc. announces participation in upcoming investor events in November.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.84%
Tags
conferences
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Rhea-AI Summary
Aspen Aerogels provides updates on recent commercial developments and raises its 2023 financial outlook. The company converted a letter of intent with Audi into a supply award for its PyroThin EV Thermal Barrier segment. Scania is also named as an award recipient. Aspen expects to reach its goal of six confirmed OEM awards by the end of 2023. The company's 2023 financial outlook remains strong, with expected total revenue greater than $225 million and a net loss ranging between $62.4 million and $52.4 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
26.39%
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none
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Rhea-AI Summary
Aspen Aerogels, Inc. to discuss financial results for Q3 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.7%
Tags
Rhea-AI Summary
Aspen Aerogels appoints Santhosh Daniel as Chief Accounting Officer
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.58%
Tags
management
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Rhea-AI Summary
Aspen Aerogels appoints Stephanie Pittman as Chief Human Resources Officer, succeeding Kelley Conte who will retire. Pittman brings 25+ years of global HR experience and a focus on diversity and inclusion. She will join the company on September 5, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.67%
Tags
management
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.88%
Tags
none
Rhea-AI Summary
Aspen Aerogels reports Q2 financial results, with gross profit margins of 17% and a net loss of $15.4 million. The company expects strong results in the second half of 2023 and has reduced its projected net loss outlook by $17 million for 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.54%
Tags
Aspen Aerogels, Inc.

NYSE:ASPN

ASPN Rankings

ASPN Stock Data

1.20B
75.60M
1.89%
101.02%
5.99%
Roofing, Siding, and Insulation Material Merchant Wholesalers
Wholesale Trade
Link
United States of America
NORTHBOROUGH

About ASPN

aspen aerogels produces flexible aerogel insulation products that provide up to five times better thermal performance than competing materials while offering versatility, space savings, and easy handling. customers use our products to save money, conserve energy, reduce co2 emissions, and protect workers. we serve many industries including oil and gas production and processing, lng shipping and storage, building and construction, outdoor apparel, appliances, transportation, and military and aerospace. contact us! if you have technical/product questions or would like samples or purchasing info, please call 1-888-481-5058 or 1-508-691-1111, or visit http://info.aerogel.com/contact. follow us! https://www.facebook.com/aspenaerogels https://twitter.com/aspenaerogels https://www.google.com/+aerogelaspen http://blog.aerogel.com