Aspen Aerogels (NYSE:ASPN) Shares Gap Up After Better-Than-Expected Earnings

Key Points

• Aspen Aerogels shares surged, opening at $7.30 versus a prior close of $5.01, after the company reported quarterly EPS of ($0.22), narrowly beating analyst expectations of ($0.23).
• The company remains unprofitable, with a negative net margin of 48.64%, and guided for third-quarter 2026 EPS of between ($0.11) and ($0.07).
• Analyst sentiment is mixed, resulting in a consensus “Hold” rating and an average price target of $5.19, while institutional investors own 97.64% of the stock.

Aspen Aerogels, Inc. (NYSE:ASPN - Get Free Report) gapped up prior to trading on Thursday after the company announced better than expected quarterly earnings. 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 trading hands.

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

Analyst Ratings Changes

ASPN has been the topic of a number of recent analyst reports. Roth Capital reissued a "buy" rating and set a $5.75 price target on shares of Aspen Aerogels in a research note on Friday, May 8th. Wall Street Zen raised Aspen Aerogels from a "sell" rating to a "hold" rating in a research report on Saturday, May 16th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Aspen Aerogels in a research note on Wednesday, June 24th. Finally, Barclays increased their target price on Aspen Aerogels from $3.00 to $4.00 and gave the stock an "underweight" rating in a research report on Monday, May 11th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $5.19.

Hedge Funds Weigh In On Aspen Aerogels

A number of large investors have recently modified their holdings of the company. Tudor Investment Corp ET AL purchased a new position in Aspen Aerogels in the third quarter valued at approximately $3,387,000. SG Americas Securities LLC grew its stake in Aspen Aerogels by 227.5% during the fourth quarter. SG Americas Securities LLC now owns 263,354 shares of the construction company's stock worth $745,000 after buying an additional 182,931 shares during the period. Rice Hall James & Associates LLC grew its stake in Aspen Aerogels by 9.2% during the first quarter. Rice Hall James & Associates LLC now owns 1,552,628 shares of the construction company's stock worth $5,310,000 after buying an additional 131,023 shares during the period. Needham Investment Management LLC increased its position in shares of Aspen Aerogels by 26.5% in the fourth quarter. Needham Investment Management LLC now owns 4,351,700 shares of the construction company's stock worth $12,315,000 after acquiring an additional 912,000 shares in the last quarter. Finally, First Eagle Investment Management LLC increased its position in shares of Aspen Aerogels by 20.3% in the fourth quarter. First Eagle Investment Management LLC now owns 622,487 shares of the construction company's stock worth $1,762,000 after acquiring an additional 105,164 shares in the last quarter. 97.64% of the stock is currently owned by hedge funds and other institutional investors.

Aspen Aerogels Stock Performance

The company has a current ratio of 2.89, a quick ratio of 2.54 and a debt-to-equity ratio of 0.32. The firm has a market cap of $651.27 million, a PE ratio of -5.70 and a beta of 2.99. The stock's 50 day moving average price is $5.50 and its 200 day moving average price is $4.39.

About Aspen Aerogels

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.

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