The stock of Aspen Aerogels Inc (NYSE:ASPN) is a huge mover today! About 682,571 shares traded hands or 1664.80% up from the average. Aspen Aerogels Inc (NYSE:ASPN) has risen 32.36% since April 4, 2016 and is uptrending. It has outperformed by 31.27% the S&P500.
The move comes after 6 months negative chart setup for the $96.10M company. It was reported on Nov, 4 by Barchart.com. We have $3.61 PT which if reached, will make NYSE:ASPN worth $12.49M less.
Aspen Aerogels Inc (NYSE:ASPN) Ratings Coverage
Out of 7 analysts covering Aspen Aerogels (NYSE:ASPN), 5 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 71% are positive. Aspen Aerogels has been the topic of 10 analyst reports since August 7, 2015 according to StockzIntelligence Inc. Global Hunter Securities initiated the stock with “Buy” rating in Wednesday, August 12 report. The rating was maintained by JP Morgan on Friday, August 5 with “Overweight”. The company was initiated on Tuesday, September 20 by Craig Hallum. The firm earned “Neutral” rating on Friday, November 4 by JP Morgan. The firm earned “Neutral” rating on Friday, November 4 by Seaport Global Securities. KeyBanc Capital Markets initiated the stock with “Overweight” rating in Thursday, April 14 report. The stock has “Buy” rating given by Needham on Monday, August 10.
According to Zacks Investment Research, “Aspen Aerogels, Inc. is an energy technology company that designs, develops and manufactures aerogel insulation used primarily in large-scale energy infrastructure facilities. The Company offers insulation for high temperature steam pipes, vessels, and equipment. Aspen serves petrochemical, refinery, industrial, and power generation sectors. It manufactures Cryogel (R), Pyrogel (R) and Spaceloft (R) products. Aspen Aerogels, Inc. is headquartered in Northborough, Massachusetts.”
Insitutional Activity: The institutional sentiment increased to 1.31 in Q2 2016. Its up 0.31, from 1 in 2016Q1. The ratio increased, as 9 funds sold all Aspen Aerogels Inc shares owned while 17 reduced positions. 15 funds bought stakes while 19 increased positions. They now own 21.45 million shares or 6.59% less from 22.96 million shares in 2016Q1.
The Oklahoma-based George Kaiser Family Foundation has invested 3.88% in Aspen Aerogels Inc (NYSE:ASPN). Retail Bank Of New York Mellon has 0% invested in the company for 18,886 shares. Vanguard last reported 0% of its portfolio in the stock. The Massachusetts-based Acadian Asset Mgmt Limited Company has invested 0% in Aspen Aerogels Inc (NYSE:ASPN). Wall Street Assocs owns 566,200 shares or 1.13% of their US portfolio. Next Century Growth Ltd holds 0.07% of its portfolio in Aspen Aerogels Inc (NYSE:ASPN) for 286,415 shares. Blackrock Fund Advsr has 26,729 shares for 0% of their US portfolio. Lafitte Cap Mgmt Limited Partnership last reported 0.32% of its portfolio in the stock. Tortoise Advsrs Lc has invested 0% of its portfolio in Aspen Aerogels Inc (NYSE:ASPN). Cetera Advisor Ltd Liability Corp holds 0% of its portfolio in Aspen Aerogels Inc (NYSE:ASPN) for 12,860 shares. The California-based Quantum Management has invested 0.01% in Aspen Aerogels Inc (NYSE:ASPN). Needham Investment Mngmt Llc accumulated 0.06% or 40,200 shares. Moreover, Barnett And Inc has 0% invested in Aspen Aerogels Inc (NYSE:ASPN) for 450 shares. Walleye Trading Limited Liability Com holds 0% or 5,300 shares in its portfolio. Jacobs Levy Equity Management Incorporated, a New Jersey-based fund reported 63,100 shares.
More notable recent Aspen Aerogels Inc (NYSE:ASPN) news were published by: Prnewswire.com which released: “Aspen Aerogels, Inc. Reports Third Quarter 2016 Financial Results and Recent …” on November 03, 2016, also Prnewswire.com with their article: “Aspen Aerogels to Present at the Baird Global Industrial Conference – 2016” published on October 31, 2016, Prnewswire.com published: “Aspen Aerogels, Inc. Schedules Third Quarter Fiscal Year 2016 Earnings Release …” on October 13, 2016. More interesting news about Aspen Aerogels Inc (NYSE:ASPN) were released by: Prnewswire.com and their article: “Aspen Aerogels, Inc. Awarded $2.75 Million from ARPA-E for Transformational …” published on May 31, 2016 as well as Marketwatch.com‘s news article titled: “Aspen Aerogels downgraded to neutral from overweight at JP Morgan” with publication date: June 12, 2014.
ASPN Company Profile
Aspen Aerogels, Inc., incorporated on May 16, 2008, is an energy technology firm that designs, develops and makes aerogel insulation used primarily in energy infrastructure facilities. The Firm also performs contract research services for various federal and non-federal government agencies, including the Department of Defense, the Department of Energy and other institutions. The Company’s insulation is used by oil producers and the owners and operators of refineries, petrochemical plants, liquefied natural gas (LNG) facilities, power generating assets and other energy infrastructure. The Company’s product lines include Pyrogel and Cryogel. The Firm sells a line of aerogel blankets, and products in the building and construction and other end markets, including the supply of fabricated insulation parts to original equipment manufacturers (OEMs). It markets and sells its products primarily through a sales force based in North America, Europe and Asia. The Firm makes its products using a technology at its facility in East Providence, Rhode Island.
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