Aspen Aerogels Inc (ASPN) was Initiated by KeyBanc Capital Mkts to “Overweight”. KeyBanc Capital Mkts advised their investors in a research report released on Apr 14, 2016.
On the company’s financial health, Aspen Aerogels Inc reported $0.07 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Feb 25, 2016. Analyst had a consensus of $0.05. The company had revenue of $37.40 million for the quarter, compared to analysts expectations of $35.62 million. The company’s revenue was up 33.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.12 EPS.
Aspen Aerogels Inc opened for trading at $4.03 and hit $4.32 on the upside on Monday, eventually ending the session at $4.24, with a gain of 0.24% or 0.01 points. The heightened volatility saw the trading volume jump to 57,011 shares. Company has a market cap of $98 M.
In a different news, 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.