Aspen Aerogels (NYSE:ASPN) Shares Gap Up Following Strong Earnings

Shares of Aspen Aerogels, Inc. (NYSE:ASPN) gapped up before the market opened on Thursday following a stronger than expected earnings report. The stock had previously closed at $5.01, but opened at $7.30. Aspen Aerogels shares last traded at $7.6070, with a volume of 3,472,751 shares.

The construction company reported ($0.22) EPS for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.01. Aspen Aerogels had a negative return on equity of 22.16% and a negative net margin of 48.64%.Aspen Aerogels has set its Q3 2026 guidance at -0.110–0.070 EPS.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Barclays upped their price target on Aspen Aerogels from $3.00 to $4.00 and gave the stock an “underweight” rating in a report on Monday, May 11th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Aspen Aerogels in a research note on Wednesday, June 24th. Roth Capital reissued a “buy” rating and set a $5.75 target price on shares of Aspen Aerogels in a research report on Friday, May 8th. Finally, Wall Street Zen upgraded shares of Aspen Aerogels from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $5.19.

Hedge Funds Weigh In On Aspen Aerogels

Hedge funds have recently added to or reduced their stakes in the business. Raymond James Financial Inc. raised its holdings in shares of Aspen Aerogels by 6.8% during the second quarter. Raymond James Financial Inc. now owns 26,559 shares of the construction company’s stock valued at $157,000 after acquiring an additional 1,687 shares during the period. Legal & General Group Plc grew its stake in Aspen Aerogels by 3.6% in the second quarter. Legal & General Group Plc now owns 67,130 shares of the construction company’s stock valued at $397,000 after purchasing an additional 2,324 shares in the last quarter. Osaic Holdings Inc. grew its position in Aspen Aerogels by 29.1% in the second quarter. Osaic Holdings Inc. now owns 10,615 shares of the construction company’s stock worth $63,000 after acquiring an additional 2,390 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in Aspen Aerogels by 12.1% during the second quarter. The Manufacturers Life Insurance Company now owns 24,671 shares of the construction company’s stock worth $146,000 after purchasing an additional 2,656 shares during the period. Finally, Deutsche Bank AG boosted its holdings in Aspen Aerogels by 1.3% during the fourth quarter. Deutsche Bank AG now owns 223,093 shares of the construction company’s stock valued at $631,000 after acquiring an additional 2,880 shares during the period. Institutional investors and hedge funds own 97.64% of the company’s stock.

Aspen Aerogels Trading Up 56.8%

The company has a market capitalization of $651.27 million, a P/E ratio of -5.70 and a beta of 2.99. The company has a 50-day simple moving average of $5.50 and a 200 day simple moving average of $4.39. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.54 and a current ratio of 2.89.

Aspen Aerogels Company Profile

Aspen Aerogels, Inc, headquartered in Northborough, Massachusetts, develops and manufactures high-performance aerogel insulation materials and custom engineered solutions. Founded in 2001 as a spin-out from Department of Energy research, the company pursued an initial public offering on the NYSE in 2014 under the ticker ASPN. Aspen Aerogels combines proprietary aerogel formulations with advanced manufacturing processes to deliver products known for their low thermal conductivity, lightweight construction and robust mechanical properties.

The company’s product portfolio spans blanket insulation, boards, and custom shapes built around several proprietary brands, including Pyrogel, Cryogel and Spaceloft.