Read How Analysts Reacted To Aspen Aerogels' Q4 Results

  • H.C. Wainwright analyst Amit Dayal lowered the price target on Aspen Aerogels Inc ASPN to $45 (an upside of 57.6%) from $65 and maintained a Buy rating on the shares. 
  • The analyst cites the company's updated outlook stemming from plans for its thermal runaway expansion for the target drop. 
  • Though Aspen's mid-term expectation of hitting $720 million in revenues by 2025 exceeded Dayal's projection of roughly $460 million, the longer-term revenue outlook of potentially touching $1.6 billion was lower than his expectations of $1.9 billion.
  • Piper Sandler analyst Alexander Potter lowered the price target on Aspen to $68 (an upside of 138%) from $72 and maintained an Overweight rating on the shares.
  • Results: the company reported Q4 revenue growth of 36.7% year-over-year to $31.47 million, missing the consensus of $34.46 million.
  • The gross loss totaled $(1.67) million for the quarter, compared to a profit of $3.86 million a year ago.
  • EPS loss widened to $(0.50) from $(0.23) in 4Q20, missing the consensus of $(0.29).
  • Adjusted EBITDA loss widened to $(12.15) million, from $(1.59) million a year ago.
  • FY22 Outlook: Aspen expects total revenue of $145.0 million-$155.0 million vs. consensus of $151 million, and net loss per share of $(1.95) - $(2.07), vs. consensus of $(0.98). It expects Adjusted EBITDA loss of $(42.0) million - $(46.0) million.
  • Investment: Koch Strategic Platforms, a subsidiary of Koch Investments Group, agreed to make a $150 million investment in Aspen by purchasing convertible notes and common stock to support aerogel thermal barrier growth opportunities.
  • Price Action: ASPN shares are trading higher by 10.14% at $28.55 on the last check Friday.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: Analyst ColorEarningsNewsPrice TargetReiterationSmall CapAnalyst RatingsMoversTrading IdeasBriefswhy it's moving
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!