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Upturn AI SWOT - About
ASPN 
Aspen Aerogels Inc (ASPN)
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Upturn Advisory Summary
09/16/2025: ASPN (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
9 Analysts rated it
Limited analyst coverage, niche firm, research info may be scarce.
1 Year Target Price $9.58
1 Year Target Price $9.58
| 4 | Strong Buy |
| 3 | Buy |
| 2 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 22.67% | Avg. Invested days 39 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  3.0 |
| Profits based on simulation | Last Close 09/16/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 552.64M USD | Price to earnings Ratio - | 1Y Target Price 9.58 |
Price to earnings Ratio - | 1Y Target Price 9.58 | ||
Volume (30-day avg) 9 | Beta 2.65 | 52 Weeks Range 4.16 - 30.24 | Updated Date 09/16/2025 |
52 Weeks Range 4.16 - 30.24 | Updated Date 09/16/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -3.81 |
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 -78.53% | Operating Margin (TTM) 0.95% |
Management Effectiveness
Return on Assets (TTM) 3.02% | Return on Equity (TTM) -75.47% |
Valuation
Trailing PE - | Forward PE 666.67 | Enterprise Value 548305635 | Price to Sales(TTM) 1.39 |
Enterprise Value 548305635 | Price to Sales(TTM) 1.39 | ||
Enterprise Value to Revenue 1.38 | Enterprise Value to EBITDA 65.37 | Shares Outstanding 82360496 | Shares Floating 76778097 |
Shares Outstanding 82360496 | Shares Floating 76778097 | ||
Percent Insiders 16.32 | Percent Institutions 73.27 |
Upturn AI SWOT
Aspen Aerogels Inc
Company Overview
History and Background
Aspen Aerogels Inc. was founded in 2001. It initially focused on developing and commercializing aerogel insulation technology. The company has evolved to address energy efficiency and electrification challenges, particularly in thermal management for electric vehicles and energy infrastructure.
Core Business Areas
- Energy Infrastructure: Provides aerogel insulation solutions for oil & gas, power generation, and building materials sectors. This includes Cryogel Z, Pyrogel XTE and Spaceloft Subsea.
- Electric Vehicle (EV) Thermal Barrier: Develops and manufactures thermal barrier solutions for electric vehicle battery systems to improve safety, performance, and lifespan. The key product for this is PyroThin.
- Building Materials: Aspen Aerogels manufactures aerogel based building insulation products to improve energy efficiency of residential and commercial buildings.
Leadership and Structure
Donald R. Young is the President and CEO. The company has a typical corporate structure with departments such as R&D, manufacturing, sales & marketing, and finance.
Top Products and Market Share
Key Offerings
- Pyrogel: High-temperature insulation used in industrial applications, specifically for oil & gas. Aspen is a leading supplier in this market. Competitors include Unifrax and Cabot Corporation (though Cabot exited the aerogel market in 2021).
- Cryogel: Cryogenic insulation used in LNG and other low-temperature applications. Aspen holds a strong position in this niche market. Competitors include Armacell and Johns Manville.
- PyroThin: Thermal barrier material used in EV batteries. Growing market share in a rapidly expanding EV battery market. Competitors include Rogers Corporation and DuPont. Specific market share data is difficult to ascertain due to the nascent nature of the market, but revenue is increasing rapidly, demonstrating growing acceptance.
Market Dynamics
Industry Overview
The aerogel market is experiencing significant growth driven by increasing demand for thermal insulation in various sectors, particularly energy infrastructure and electric vehicles. Regulations promoting energy efficiency and safety standards also contribute to market expansion.
Positioning
Aspen Aerogels is a leading innovator and manufacturer of aerogel insulation products. The company differentiates itself through its proprietary technology, performance advantages, and established relationships with key customers.
Total Addressable Market (TAM)
The TAM for aerogel insulation is estimated to be in the billions of dollars, with significant growth expected in the EV battery thermal management segment. Aspen Aerogels is well-positioned to capture a significant share of this market due to its early mover advantage and technology leadership.
Upturn SWOT Analysis
Strengths
- Proprietary aerogel technology
- Strong brand recognition
- Established relationships with key customers
- High-performance products
- Early mover advantage in EV battery thermal management
Weaknesses
- Relatively high production costs
- Dependence on specific industries (e.g., oil & gas)
- Limited manufacturing capacity compared to larger competitors
- Volatility of energy infrastructure spending
- Susceptibility to raw material price fluctuations
Opportunities
- Expanding into new applications for aerogel technology
- Increasing adoption of EVs and related infrastructure
- Growing demand for energy-efficient buildings and industrial facilities
- Strategic partnerships and acquisitions
- Government regulations promoting energy efficiency and safety
Threats
- Competition from alternative insulation materials
- Economic downturns and reduced capital spending
- Technological advancements that could disrupt the aerogel market
- Changes in government regulations
- Raw material price volatility
Competitors and Market Share
Key Competitors
- Rogers Corporation (ROG)
- DuPont (DD)
- Cabot Corporation (CBT - *formerly*, but exited aerogels), Armacell, Johns Manville
Competitive Landscape
Aspen Aerogels' advantages include its proprietary aerogel technology and early mover status in the EV battery market. Disadvantages include relatively high production costs and limited manufacturing capacity compared to larger competitors like Rogers and DuPont. Competition is intensifying with the rapid growth of the EV market.
Major Acquisitions
Thermablok Wicking Insulation
- Year: 2014
- Acquisition Price (USD millions): 1.7
- Strategic Rationale: To expand Aspen Aerogels' portfolio of building insulation products.
Growth Trajectory and Initiatives
Historical Growth: Historical growth has been primarily driven by demand for insulation in the oil & gas sector, as well as sales from Spaceloft. Recent growth fueled by PyroThin sales in the EV battery thermal barrier market.
Future Projections: Analyst estimates project significant revenue growth driven by the adoption of PyroThin in the EV market. Expected to reach profitability in the coming years.
Recent Initiatives: Focus on expanding manufacturing capacity to meet demand for PyroThin. Continued investment in R&D to develop new aerogel technologies. Strategic partnerships with automotive OEMs and battery manufacturers.
Summary
Aspen Aerogels is a promising company with innovative aerogel technology, particularly in the EV battery thermal management market. The company is experiencing significant revenue growth, though it is still operating at a net loss. Key factors to watch include the company's ability to scale manufacturing capacity, maintain its technological lead, and navigate competitive pressures in the rapidly growing EV market.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Aspen Aerogels Inc. Investor Relations
- Company 10K and 10Q Filings
- Third-party market research reports
- Analyst reports
Disclaimers:
This analysis is for informational purposes only and should not be considered financial advice. Market conditions and company performance can change rapidly. Consult with a qualified financial advisor before making any investment decisions.
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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