Aspen Aerogels Inc (ASPN) is Initiated by Craig Hallum to Buy, Price Target at $10

Aspen Aerogels Inc (ASPN) was Initiated by Craig Hallum to “Buy” and the brokerage firm has set the Price Target at $10. Craig Hallum advised their investors in a research report released on Sep 20, 2016.

On the company’s financial health, Aspen Aerogels Inc reported $-0.02 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $-0.05. The company had revenue of $27.70 million for the quarter, compared to analysts expectations of $30.99 million. During the same quarter in the previous year, the company posted $-0.12 EPS.

Aspen Aerogels Inc opened for trading at $4.53 and hit $4.96 on the upside on Friday, eventually ending the session at $4.96, with a gain of 9.01% or 0.41 points. The heightened volatility saw the trading volume jump to 52,039 shares. Company has a market cap of $116 M.

In a different news, on Aug 25, 2016, William P Noglows (director) purchased 20,000 shares at $4.98 per share price. According to the SEC, on Aug 23, 2016, Richard F Reilly (director) purchased 10,000 shares at $4.82 per share price. On Aug 11, 2016, Donald R Young (CEO) purchased 2,300 shares at $4.78 per share price, according to the Form-4 filing with the securities and exchange commission.

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.

Aspen Aerogels Inc

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