Aspen Aerogels Inc (ASPN) reported quarterly earnings results on Thursday, May-5-2016. The company reported $-0.08 earnings per share for the quarter, missing the analyst consensus estimate by $-0.04. Analysts had a consensus of $-0.04. The company posted revenue of $32.80 million in the period, compared to analysts expectations of $31.98 million. The company’s revenue was up 39.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.12 EPS.
Many Wall Street Analysts have commented on Aspen Aerogels Inc. Aspen Aerogels Inc was Initiated by KeyBanc Capital Mkts to “Overweight” on Apr 14, 2016.
Aspen Aerogels Inc closed down -0.4401 points or -9.25% at $4.32 with 73,823 shares getting traded on Wednesday. Post opening the session at $4.72, the shares hit an intraday low of $4.21 and an intraday high of $4.78 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
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.