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Upturn AI SWOT - About
ASPN 
Aspen Aerogels Inc (ASPN)
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Upturn Advisory Summary
11/22/2024: ASPN (3-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Moderate Performance
These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.
AI Based Fundamental Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type Stock | Historic Profit -27.09% | Avg. Invested days 37 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  1.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 11/22/2024 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 521.37M USD | Price to earnings Ratio 37.35 | 1Y Target Price 17.5 |
Price to earnings Ratio 37.35 | 1Y Target Price 17.5 | ||
Volume (30-day avg) 3232328 | Beta 2.28 | 52 Weeks Range 6.13 - 33.15 | Updated Date 04/2/2025 |
52 Weeks Range 6.13 - 33.15 | Updated Date 04/2/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 0.17 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 2.96% | Operating Margin (TTM) 12.61% |
Management Effectiveness
Return on Assets (TTM) 4.86% | Return on Equity (TTM) 2.43% |
Valuation
Trailing PE 37.35 | Forward PE 48.78 | Enterprise Value 497867753 | Price to Sales(TTM) 1.15 |
Enterprise Value 497867753 | Price to Sales(TTM) 1.15 | ||
Enterprise Value to Revenue 1.1 | Enterprise Value to EBITDA 10.04 | Shares Outstanding 82104800 | Shares Floating 80980924 |
Shares Outstanding 82104800 | Shares Floating 80980924 | ||
Percent Insiders 16.33 | Percent Institutions 75.65 |
Analyst Ratings
Rating 4.64 | Target Price 30 | Buy 4 | Strong Buy 7 |
Buy 4 | Strong Buy 7 | ||
Hold - | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Aspen Aerogels Inc
Company Overview
History and Background
Aspen Aerogels, Inc. was founded in 2001 and is headquartered in Northborough, Massachusetts. It develops, manufactures, and sells aerogel insulation products primarily for use in energy infrastructure, building materials, and electric vehicle markets.
Core Business Areas
- Energy Industrial: Provides insulation solutions for oil and gas pipelines, refineries, and other industrial applications, contributing a significant portion of their revenue.
- Building Materials: Offers aerogel-based insulation for residential and commercial buildings, focusing on energy efficiency and space-saving solutions.
- Electric Vehicles (EV): Develops and supplies thermal barrier materials for EV batteries to improve safety and performance and is currently their primary focus area.
Leadership and Structure
Donald R. Young is the President and CEO. The company has a functional organizational structure with departments focused on R&D, manufacturing, sales, and marketing.
Top Products and Market Share
Key Offerings
- Pyrogelu00ae: A flexible aerogel blanket used for high-temperature insulation in industrial applications. Market share data is variable by region and specific application but holds a significant presence in energy applications such as LNG. Competitors include Unifrax and Armacell.
- Spaceloftu00ae: An aerogel blanket used for building insulation. Market share is smaller than Pyrogel but growing due to increasing building energy efficiency standards. Competitors include Owens Corning and Saint-Gobain.
- PyroThinu00ae: A thermal barrier material used in EV batteries to prevent thermal runaway. While market share data is still emerging due to the nascent EV market, Aspen Aerogels is positioned as a leading provider of this technology. Competitors include Rogers Corporation and DuPont.
Market Dynamics
Industry Overview
The aerogel insulation market is growing rapidly, driven by increasing demand for energy efficiency, safety, and sustainability in various industries. The EV market represents a huge opportunity with thermal runaway requirements.
Positioning
Aspen Aerogels is a technology leader in aerogel insulation, with a strong focus on innovation and developing solutions for demanding applications. Their advantages are high-performance insulation and focus on safety solutions.
Total Addressable Market (TAM)
The total addressable market for aerogel insulation is estimated to be in the billions of dollars. Aspen Aerogels is positioning itself to capture a significant share of this market, particularly in the growing EV battery sector. Analysts have estimated the TAM for EV battery thermal barriers to be over $1 billion.
Upturn SWOT Analysis
Strengths
- Strong technology leadership in aerogel insulation
- Well-established relationships with key customers in energy and industrial sectors
- Growing presence in the EV battery market
- Proprietary manufacturing process
Weaknesses
- Relatively small scale compared to larger insulation manufacturers
- Historically, reliance on a few large customers
- High production costs
- Net losses for most fiscal years
Opportunities
- Growing demand for energy-efficient building materials
- Increasing adoption of EVs and need for battery thermal management
- Expansion into new applications and markets
- Government incentives for energy efficiency and renewable energy
Threats
- Competition from traditional insulation materials
- Fluctuations in raw material prices
- Economic downturns affecting industrial and construction activity
- Technological advancements by competitors
- Changing regulations
Competitors and Market Share
Key Competitors
- OWEN
- FBRK
- ROG
Competitive Landscape
Aspen Aerogels has a technological advantage in aerogel insulation but faces competition from larger, more established companies that offer traditional insulation materials. Their success depends on their ability to maintain their technology leadership and scale up production efficiently.
Major Acquisitions
Industrial Blanket Corporation
- Year: 2023
- Acquisition Price (USD millions): 30.4
- Strategic Rationale: Expanding presence in existing market segments.
Growth Trajectory and Initiatives
Historical Growth: Aspen Aerogels has experienced strong revenue growth in recent years, particularly in the EV sector.
Future Projections: Analysts project continued strong revenue growth for Aspen Aerogels, driven by increasing adoption of EVs. Profitability is expected to improve as production scales up.
Recent Initiatives: They have expanded their manufacturing capacity to meet growing demand for EV battery thermal barriers and have secured several key contracts with EV manufacturers.
Summary
Aspen Aerogels is a growth-oriented company that is positioned well in the rapidly expanding electric vehicle battery market with an advantage in thermal runaway protection. While profitability remains a concern, recent revenue growth and key contracts indicate a promising future. The company needs to scale efficiently and manage costs to achieve sustainable profitability and ward off rising competition in a highly evolving marketplace.
Similar Companies
LII
Lennox International Inc
LII
Lennox International Inc
ROG
Rogers Corporation
ROG
Rogers Corporation
Sources and Disclaimers
Data Sources:
- SEC Filings (10-K, 10-Q), Company Website, Investor Presentations, Analyst Reports
Disclaimers:
This analysis is based on publicly available information and is for informational purposes only. It is not financial advice. Invest at your own risk.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Aspen Aerogels Inc
Exchange NYSE | Headquaters Northborough, MA, United States | ||
IPO Launch date 2014-06-13 | President, CEO & Director Mr. Donald R. Young | ||
Sector Industrials | Industry Building Products & Equipment | Full time employees 554 | Website https://www.aerogel.com |
Full time employees 554 | Website https://www.aerogel.com | ||
Aspen Aerogels, Inc., an aerogel technology company, designs, develops, manufactures, and sells aerogel materials primarily for use in the energy industrial, sustainable insulation materials, and electric vehicle (EV) markets in the United States, Canada, Asia, Europe, and Latin America. It operates in two segments, Energy Industrial and Thermal Barrier. The company offers PyroThin aerogel thermal barriers for use in battery packs in EVs; Pyrogel XTE for refineries and petrochemical facilities; Pyrogel HPS for high temperatures and in demanding thermal applications in refining and chemical processing systems; Pyrogel XTF for protection against fire; Cryogel Z for sub-ambient and cryogenic applications; Spaceloft Subsea for pipe-in-pipe applications in offshore oil production; and Cryogel X201 for cold system designs. It serves EV manufacturers, automotive suppliers, lithium-ion battery manufacturers, and e-mobility and energy storage companies. The company was founded in 2001 and is headquartered in Northborough, Massachusetts.
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