Canaccord analyst George Gianarikas raised the firm’s price target on Aspen Aerogels to $29 from $28 and keeps a Buy rating on the shares. The firm gives credit to management who has managed to beat and raise through a tough EV environmeny. They credit sound, conservative guidance and a thoughtful approach to outsourcing production of the Energy Industrial segment several months back.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ASPN:
- Closing Bell Movers: Dutch Bros melts over 20% on slower unit growth
- Aspen Aerogels Projects Financial Outlook for 2024
- Aspen Aerogels sees FY24 EPS greater than 9c vs. prior view greater than 3c
- Aspen Aerogels reports Q2 EPS 21c, consensus 5c
- Aspen Aerogels, Inc. Reports Second Quarter 2024 Financial Results and Recent Business Highlights