Aspen Aerogels, Inc., an aerogel technology company, designs, develops, manufactures, and sells aerogel materials primarily for use in the energy industrial, sustainable insulation materials, and electric vehicle (EV) markets in the United States, Canada, Asia, Europe, and Latin America. It operates in two segments, Energy Industrial and Thermal Barrier. The company offers PyroThin aerogel thermal barriers for use in battery packs in EVs; Pyrogel XTE for refineries and petrochemical facilities; Pyrogel HPS for high temperatures and in demanding thermal applications in refining and chemical processing systems; Pyrogel XTF for protection against fire; Cryogel Z for sub-ambient and cryogenic applications; Spaceloft Subsea for pipe-in-pipe applications in offshore oil production; and Cryogel X201 for cold system designs. It serves EV manufacturers, automotive suppliers, lithium-ion battery manufacturers, and e-mobility and energy storage companies. The company was founded in 2001 and is headquartered in Northborough, Massachusetts.
EV Market Adaptation | Aspen Aerogels pivots strategy in response to shifting US electric vehicle market, emphasizing external manufacturing to improve capital efficiency |
Financial Performance | Company reports strong Q4 2024 results with 46% YoY sales growth, maintaining robust liquidity despite slight decline in gross margins |
Growth Prospects | Anticipates new OEM revenue in H2 2025 and plans to triple EV thermal barrier capacity by 2027, supported by a potential $670M DOE loan |
Analyst Outlook | Price targets range from $13 to $27, reflecting varied perspectives on Aspen's potential in the evolving EV thermal management secto |
Metrics to compare | ASPN | Sector Sector - Average of metrics from a broad group of related Basic Materials sector companies | Relationship RelationshipASPNPeersSector | |
---|---|---|---|---|
P/E Ratio | −1.8x | −1.4x | 1.6x | |
PEG Ratio | 0.00 | 0.01 | 0.00 | |
Price/Book | 1.7x | 1.3x | 1.6x | |
Price / LTM Sales | 1.2x | 2.2x | 1.2x | |
Upside (Analyst Target) | 53.8% | 18.6% | 23.3% | |
Fair Value Upside | Unlock | 15.2% | 3.2% | Unlock |