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.
Aspen Aerogels, Inc. (NYSE: ASPN) is frequently featured in corporate news for its role as a technology leader in sustainability, electrification solutions, and thermal management. The company’s news flow often centers on developments related to its aerogel technology platform, including product applications in the electric vehicle (EV) market and in large energy infrastructure projects.
Readers following ASPN news can expect regular updates on quarterly and annual financial results, where Aspen discusses segment performance in its Energy Industrial and Thermal Barrier businesses, as well as non‑GAAP metrics such as Adjusted EBITDA. These releases are typically accompanied by details on cost structure initiatives, capital expenditure plans, and commentary on market conditions in EV and energy infrastructure.
Aspen’s news also covers strategic and operational milestones, such as amendments to its MidCap credit facility, restructuring actions, and updates on liquidity and working capital. Executive leadership changes, including CFO transitions and new senior appointments like the Chief Administrative Officer, are disclosed through press releases and corresponding Form 8‑K filings.
In addition, Aspen regularly announces its participation in investor conferences and industry events, where management presents the company’s outlook on resource efficiency, e‑mobility, clean energy, and adjacent electrification and energy storage opportunities. Product‑related news may highlight contracts or awards for PyroThin thermal barrier solutions in EV programs and references to LNG and subsea project opportunities for Cryogel and Pyrogel in the Energy Industrial segment.
For investors and analysts, the ASPN news stream provides context on how Aspen’s aerogel technology platform is being applied across markets, how management is addressing financial and operational priorities, and how external factors in EV and energy infrastructure are influencing the company’s business. Bookmarking this page allows for efficient access to Aspen’s latest press releases and related regulatory disclosures.
Aspen Aerogels, Inc. (ASPN) announced the pricing of a public offering of 25,263,158 shares at $9.50 each, aiming for gross proceeds of $240 million. The offering also includes a 30-day option for underwriters to buy an additional 3,789,473 shares. Proceeds will partially fund the construction of a new aerogel manufacturing facility in Statesboro, Georgia. The offering is set to close on December 2, 2022, subject to conditions.
Aspen Aerogels has announced a proposed underwritten public offering of $200 million of its common stock, with an option for underwriters to purchase an additional 15%. Wood River Capital, an affiliate of Koch, has expressed interest in acquiring up to $100 million in this offering. The proceeds will be used to fund the construction of Phase I of a new aerogel manufacturing facility in Statesboro, Georgia, and for general corporate purposes. The offering is subject to market conditions.
Aspen Aerogels announced a secured loan agreement with General Motors for $100 million to finance the construction of a new aerogel manufacturing facility in Statesboro, Georgia. This facility is expected to triple Aspen's aerogel capacity, supporting growth in sustainability and electrification markets, especially for electric vehicle applications. The loan is available from January to September 2023, with a maturity date set for March 31, 2025. Aspen's sustainability performance has been recognized with a Silver EcoVadis Medal, placing it in the 87th percentile of assessed companies.
Aspen Aerogels (NYSE: ASPN) announced the appointment of Katie Kool to its Board of Directors on November 2, 2022. Kool, former CEO of Tide Cleaners, brings extensive experience from Procter & Gamble, including overseeing a business unit generating over $8 billion in retail sales. Her leadership grew Tide Cleaners significantly, ranking 76th in Entrepreneur's Franchise 500. Concurrently, Robert M. Gervis has left the Board. CEO Donald Young expressed confidence in Kool's ability to enhance governance and drive growth strategies.
Aspen Aerogels reported third-quarter 2022 revenue of $36.7 million, marking a 21% year-over-year growth from $30.4 million. However, the company faced a significant net loss of $29.6 million compared to $7.8 million in Q3 2021, resulting in a net loss per share of $0.75. Adjusted EBITDA was $(23.2) million, worsened from $(7.8) million last year. The company anticipates full-year revenue of approximately $180 million and updates net loss guidance to between $82.3 million and $86.8 million.
Aspen Aerogels, Inc. (ASPN) will release its third-quarter 2022 financial results on October 26, 2022, after market close. A conference call to discuss these results is set for October 27, 2022, at 8:30 a.m. ET. Interested parties can join the call by dialing 844 200 6205 for domestic calls or +1 929-526-1599 internationally. The call will also be available via a live webcast on Aspen's website, with a replay accessible for one year afterward.
Aspen focuses on sustainability solutions, particularly in EV and energy efficiency markets.
Aspen Aerogels, a leader in sustainability solutions, will attend the 15th Annual Cowen Global Transportation & Sustainable Mobility Virtual Conference on September 7, 2022. CEO Donald R. Young and CFO Ricardo C. Rodriguez will conduct one-on-one investor meetings and participate in a Fireside Chat from 9:20 a.m. to 9:50 a.m. ET. A live webcast of the chat will be available, with a 90-day replay. The presentation materials can be accessed on Aspen's Investor Relations website. Aspen focuses on enhancing resource efficiency and clean energy solutions, particularly in the electric vehicle sector.
Aspen Aerogels (NYSE: ASPN) announced its participation in three upcoming investor conferences in August. Key events include the 42nd Annual Canaccord Genuity Global Growth Conference on August 10 in Boston, featuring a presentation by CEO Donald R. Young and CFO Ricardo C. Rodriguez. Following this, they will attend the Piper Sandler Energy Transition Leaders Summit on August 17-18 in Aspen, CO, where Young will lead a panel discussion. Lastly, they will participate in the Seaport Global Annual Virtual Summer Investor Conference on August 23, where one-on-one investor meetings will be held.
Aspen Aerogels (ASPN) announced the appointment of James Sweetnam to its Board of Directors, expanding the board to eight members. Sweetnam brings extensive experience from leadership positions at Dana Corporation and Eaton Corporation. His expertise will enhance Aspen's capability to pursue growth opportunities, particularly in the electric vehicle market, leveraging its aerogel technology. CEO Donald Young expressed confidence in Sweetnam's track record, highlighting the potential for significant advancements in partnerships with automotive OEM customers. The addition is timely as the company seeks to capitalize on its innovative solutions.
Summary not available.
FAQ
What is the current stock price of Aspen Aerogels (ASPN)?
What is the market cap of Aspen Aerogels (ASPN)?
