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Aspen Aerogels Inc(ASPN)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for ASPN
09/25/2026: ASPN (1-star) is currently NOT-A-BUY. Pass it for now.
Aspen Aerogels is a growth-stage company specialized in high-performance aerogel-based insulation for both industrial energy and electric vehicle (EV) markets. The stock offers a strong growth story centered on its essential role in EV battery fire mitigation. The company has a leading position in proprietary aerogel manufacturing, which supports its high-performance product claims. However, it faces significant risks including high customer concentration, historical lack of profitability, and the constant need for capital-intensive production scaling. The stock is best suited for growth-oriented investors with high risk tolerance. Investors should closely monitor automotive production trends and the company’s progress in achieving sustained margin expansion as its new facilities ramp up.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Strong fit | The company offers exposure to high-growth secular trends in electric vehicle adoption and battery safety. |
| Momentum investor | Mixed fit | The stock can experience significant volatility tied to sector sentiment and company-specific production news. |
| Value investor | Weak fit | Aspen is currently a growth-stage company with limited earnings history, making traditional value metrics less applicable. |
| Dividend investor | Weak fit | The company does not pay a dividend and is focused on reinvestment. |
| Low-risk investor | Weak fit | The company's focus on emerging markets and ongoing capital-intensive growth creates substantial risk profile. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | High | The stock is susceptible to fluctuations based on sector trends and operational milestones. |
| Valuation risk | Medium / high | Investors are paying for future growth prospects which may be impacted by execution delays. |
| Competition risk (Battery barrier technology) | Medium | Alternative materials or internal OEM solutions could displace current product offerings. |
| Business quality | Medium | While the technology is highly differentiated, the path to sustained margin expansion is still in progress. |
| Dividend income | Low / none | The company does not provide income, which may not suit yield-focused portfolios. |
| Execution risk | Medium / high | Scaling complex manufacturing facilities is vital to meeting long-term contract requirements. |
Price Behavior
Rolling Over
The price momentum is slowing down and beginning to turn downward.
Extreme Price Shocks
The stock has experienced exceptionally large and disruptive price movements during the period.
Analysis of Past Performance
Type Stock | Historic Profit 4.22% | Avg. Invested days 27 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 09/25/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 439.84M USD | Price to earnings Ratio - | 1Y Target Price 7.75 |
Price to earnings Ratio - | 1Y Target Price 7.75 | ||
Volume (30-day avg) 850.2K shares | Beta 2.97 | 52 Weeks Range 2.30 - 9.35 | Updated Date 09/25/2026 |
52 Weeks Range 2.30 - 9.35 | Updated Date 09/25/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) -1.42 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Thermal Barrier (EV) | Revenue from sales of PyroThin and related aerogel products to automotive and battery manufacturers. | This is the primary growth driver tied to the electrification of the vehicle fleet. |
| Energy Industrial | Revenue from sales of Pyrogel and Cryogel blankets for refineries and LNG plants. | This provides a more stable, mature revenue stream that helps fund ongoing research. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Valuation
Trailing PE - | Forward PE 714.29 | Enterprise Value 444.78M | Price to Sales(TTM) 2.18 |
Enterprise Value 444.78M | Price to Sales(TTM) 2.18 | ||
Enterprise Value to Revenue 2.2 | Enterprise Value to EBITDA 65.37 | Shares Outstanding 82.99M | Shares Floating 76.76M |
Shares Outstanding 82.99M | Shares Floating 76.76M | ||
Percent Insiders 16.2 | Percent Institutions 75.01 |
Upturn AI Summary
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.
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
About Aspen Aerogels Inc
Exchange NYSE | Headquarters Northborough, MA, United States | ||
IPO Launch date 2014-06-13 | President, CEO & Director Mr. Donald R. Young | ||
Sector Basic Materials | Industry Specialty Chemicals | Full time employees 854 | Website https://www.aerogel.com |
Full time employees 854 | 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 through two segments: Thermal Barrier and Energy Industrial. 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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