Aspen Aerogels Inc (ASPN) Stock Analysis
Verdict: AVOID
High EV customer concentration and operational disruptions leave ASPN vulnerable to structural losses despite PyroThin design wins.
Investment score: 31/100
Analysis as of
Is Aspen Aerogels Inc stock worth reviewing? The TradeMates thesis
The model assigns an Investment Score of 31/100 and recommends AVOID. ASPN suffers from major revenue contraction (-49.1% YoY), deep net losses (-$389.6M in FY2025 including impairments), operational fragility from the April 2026 plant explosion, and sustained insider selling.
7-factor investment score
- Valuation: 35/100 (weight 20%)
- Financial Health: 25/100 (weight 15%)
- Technical Momentum: 45/100 (weight 15%)
- Earnings Quality: 15/100 (weight 15%)
- Insider Sentiment: 20/100 (weight 10%)
- Analyst Consensus: 50/100 (weight 10%)
- Risk-Adjusted Return: 30/100 (weight 15%)
Aspen Aerogels Inc opportunities and risks
What speaks for ASPN
- Sequential revenue recovery projected via European EV thermal barrier awards
What speaks against ASPN
- Heavy customer concentration and EV market demand slowdown
Peers and competitors
| Ticker | P/E | P/S | EV/EBITDA | Gross margin | Net margin | FCF yield |
|---|---|---|---|---|---|---|
| ASPN | n/a | 2.2x | n/a | 2.7% | -62.4% | 8.4% |
| MTX | n/a | 0.9x | 33.9x | 24.5% | -3.1% | 6.1% |
| SCL | n/a | 0.6x | 12.5x | 11.8% | -0.1% | -2.4% |
| ECVT | n/a | 1.3x | 9.8x | 21.0% | -7.1% | 6.5% |
| FTK | 23.2x | 3.1x | 18.5x | 24.5% | 13.0% | -0.6% |
| RYAM | n/a | 0.3x | 7.8x | 5.9% | -9.6% | -7.7% |
| Peer median | n/a | 0.9x | 12.5x | 21.0% | -3.1% | -0.6% |
Frequently asked questions about Aspen Aerogels Inc (ASPN)
Is ASPN stock a good investment?
The TradeMates model rates Aspen Aerogels Inc as AVOID with an investment score of 31/100. The model assigns an Investment Score of 31/100 and recommends AVOID. ASPN suffers from major revenue contraction (-49.1% YoY), deep net losses (-$389.6M in FY2025 including impairments), operational fragility from the April 2026 plant explosion, and sustained insider selling. This is algorithmic model output, not personal investment advice.
Is ASPN stock a buy?
The TradeMates model verdict for ASPN is AVOID with an investment score of 31/100. Treat this as a model signal to review, not a personal buy recommendation.