$Aspen Aerogels(ASPN)$ I took my gains and added to my capital. What an ๐
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Source: Stock Titan
Aspen Aerogels (NYSE: ASPN) has received a conditional commitment from the U.S. Department of Energy for a proposed loan of up to $670.6 million to finance the construction of its second aerogel manufacturing facility in Register, Georgia. The loan, structured as project financing, would fully fund the remaining CAPEX needed to complete the plant. The Register Plant is designed to manufacture PyroThinยฎ aerogel blankets, with an estimated revenue capacity of $1.2B - $1.6B.
Additionally, Aspen announced Q3 2024 preliminary financial results, including revenue of approximately $117 million, a net loss of about $13 million, and Adjusted EBITDA of approximately $25 million. The company's cash and cash equivalents were approximately $113 million as of September 30, 2024.
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* Conditional commitment for a $670.6 million DOE loan to fund the new manufacturing facility
* New plant expected to provide $1.2B - $1.6B of incremental PyroThinยฎ thermal barrier revenue capacity
* Q3 2024 revenue of $117 million
* Q3 2024 Adjusted EBITDA of $25 million
* 277% year-over-year increase in Thermal Barrier revenue segment
* Secured additional EV production contracts with six major OEMs in the US and Europe
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Aspen Aerogels (ASPN) Stock Analysis
Company Overview: Aspen Aerogels is involved in the development, manufacture, and sale of high-performance aerogel insulation materials. The company specializes in producing PyroThin(R) aerogel blankets, which have various applications in thermal management.
Industry and Future Growth Potential: Aspen Aerogels operates in the insulation materials industry. With the increasing focus on energy efficiency and sustainability, the demand for high-performance insulation materials is expected to grow. Aspen Aerogels' innovative aerogel technology positions the company well to benefit from this industry trend. Furthermore, the conditional commitment from the U.S. Department of Energy for a proposed loan of up to $670.6 million indicates the government's confidence in Aspen Aerogels' manufacturing capabilities and growth potential.
Latest Earnings and Forecast: In Q3 2024, Aspen Aerogels reported revenue of approximately $117 million, a net loss of about $13 million, and Adjusted EBITDA of approximately $25 million. Looking ahead, the company's earnings forecast for 2025FY estimates an EPS of $0.50, gross income of $513.50 million, and EBIT of $61.24 million. The 2026FY forecast predicts an EPS of $0.98, gross income of $693.07 million, and EBIT of $118.37 million.
Stock Trends and Support/Resistance Levels: The stock price of Aspen Aerogels on October 15, 2024, was $24.685. The support price on the same day was $22.38, and the resistance price was $22.48. The stock has experienced a 10-11% year-over-year increase in the Thermal Barrier revenue segment.
Analyst Viewpoints: According to analyst recommendations, 1 analyst recommends holding Aspen Aerogels stock, while 10 analysts recommend buying it. In terms of target price, 11 analysts forecast the mean, low, and high target estimates to be $32.73, $14.0, and $41.0, respectively.
Recent Capital Flow Data: The 5-day capital flow for Aspen Aerogels shows negative flows on 10-09 (-$1982.59K), 10-10 (-$110.47K), and 10-14 (-$2033.09K). However, there was a positive flow of $729.63K on 10-11 and -$1068.29K on 10-15.
Profiteer Ratio: The profiteer ratio of Aspen Aerogels on October 15, 2024, was 0.2586.
Recent News Impact: Aspen Aerogels announced secured additional electric vehicle production contracts with six major OEMs in the US and Europe, which could have a positive impact on the company's revenue growth and market expansion.
Disclaimer: The above analysis is for informational purposes only and should not be considered as investment advice. It is important to conduct thorough research and analysis and consider your own investment goals and risk tolerance before making any investment decisions.
Please note that the stock market is subject to inherent risks, and stock prices can fluctuate. Always exercise caution and make independent judgments when investing.
Aspen Aerogels (ASPN) Analysis:
Aspen Aerogels has received a conditional commitment from the U.S. Department of Energy for a proposed loan of up to $670.6 million to finance the construction of its second aerogel manufacturing facility in Register, Georgia. This loan would fully fund the remaining capital expenditure needed to complete the plant. The facility is designed to manufacture PyroThinยฎ aerogel blankets and is expected to have an estimated revenue capacity of $1.2 billion to $1.6 billion.
In Q3 2024, Aspen Aerogels reported revenue of approximately $117 million, a net loss of about $13 million, and Adjusted EBITDA of approximately $25 million. The company's cash and cash equivalents were approximately $113 million as of September 30, 2024.
Analysts have provided a positive outlook for Aspen Aerogels, with a median target price of $32.72727, a low target of $14.0, and a high target of $41.0. Additionally, the average analyst recommendation is 1 recommend and 10 buy.
In terms of recent stock performance, Aspen Aerogels has experienced a 277% year-over-year increase in the Thermal Barrier revenue segment. The stock price as of October 16, 2024, is $24.685, with a support price of $22.38 and a resistance price of $22.48. The average cost is $25.03.
In terms of capital flow data, the stock had a total inflow of $2.05563 million and a total outflow of $3.14034 million in the past five days. The profiteer ratio as of October 15, 2024, is 0.2586.
Looking at earnings forecasts, Aspen Aerogels is projected to have an EPS of $0.21 for FY2024, with forecasted gross income of $401.80 million and a forecasted EBIT of $26.79 million. For FY2025, the EPS is forecasted to be $0.50, with forecasted gross income of $513.50 million and a forecasted EBIT of $61.24 million. For FY2026, the EPS is forecasted to be $0.98, with forecasted gross income of $693.07 million and a forecasted EBIT of $118.37 million.
As for recent news, Aspen Aerogels received positive coverage due to the conditional commitment from the U.S. Department of Energy for the proposed loan, as well as the company's Q3 2024 results. The stock price increased by over 10% in response to this news.
It's important to note that the information provided is based on historical data and market analysis, and it's always advisable to conduct further research and analysis before making any investment decisions.
Disclaimer:The above information is for reference purposes only and does not constitute investment advice. The stock market is subject to inherent risks, and stock prices can fluctuate. Investors should independently evaluate the company and its prospects before making any investment decisions.
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