NYSE:ASPNChemicals
Aspen Aerogels (ASPN) Stock Slides As Losses Deepen Despite EV Progress
Aspen Aerogels just saw its stock drop 9.3% to US$6.25, even though the headline from Q2 is not about collapse; it is about a harsh but narrowing loss profile. Revenue came in at US$49.8m and the company still reported a sizeable net loss of US$23.3m, yet adjusted EBITDA improved compared with Q1.
The sentiment shock today sits in that clash. Investors who had warmed to the stock after strong recent returns are suddenly refocusing on the scale of ongoing losses and cash burn. The rest of the...