KeyBanc Initiates Coverage on Aspen Aerogels Inc to Overweight

KeyBanc Initiates Coverage on Aspen Aerogels Inc(NYSE:ASPN). The shares have been rated Overweight. The rating by KeyBanc was issued on Apr 14, 2016.

Aspen Aerogels Inc (ASPN) made into the market gainers list on Mondays trading session with the shares advancing 0.24% or 0.01 points. Due to strong positive momentum, the stock ended at $4.2, which is also near the day’s high of $4.26. The stock began the session at $4.19 and the volume stood at 77,112 shares. The 52-week high of the shares is $9.03 and the 52 week low is $3.377. The company has a current market capitalization of $97 M and it has 2,31,84,852 shares in outstanding.

Aspen Aerogels Inc(ASPN) last announced its earnings results on Nov 5, 2015 for Fiscal Year 2015 and Q3.Company reported revenue of $31.54M. Analysts had an estimated revenue of $30.85M. Earnings per share were $-0.11. Analysts had estimated an EPS of $-0.06.

Several Insider Transactions has been reported to the SEC. On Nov 16, 2015, Donald R Young (CEO) purchased 2,500 shares at $5.78 per share price.

Aspen Aerogels Inc. is an energy technology company that designs develops and manufactures aerogel insulation used in large-scale energy infrastructure facilities. The Company conducts research and development related to aerogel technology supported by funding from several agencies of the United States government and other institutions in the form of research and development contracts. The Company’s end use customers select its products where thermal performance is critical and to save money reduce energy use preserve operating assets and protect workers. The Company’s two principal products are Pyrogel and Cryogel used by many of the oil producers and the owners and operators of refineries petrochemical plants LNG (liquefied natural gas) facilities power generating assets and other energy infrastructure. It also derives product revenue from the building and construction and other end markets. It generates product revenue through the sale of its line of aerogel blankets.

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