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Posted On: 10/03/2023 9:24:57 AM
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ASPEN AEROGELS: GAINING FROM ENERGY INDUSTRIAL EV MARKETS
$ASPN
Excited to share an article about Aspen Aerogels, Inc. (NYSE: ASPN), an aerogel technology company that designs, develops, and manufactures innovative, high-performance aerogel materials used primarily in the energy industrial, sustainable insulation materials, and electric vehicle markets.
The Company’s insulation product revenue has grown from $17.2 million in 2008 to $124.8 million in 2022, representing a compound annual growth rate of 15%. Of late, the EV industry has been growing exponentially, and as a result, Aspen’s PyroThin® thermal barrier revenue grew nearly nine times to reach $55.6 million in FY23.
The Company already provides production parts to renowned companies like General Motors and Toyota, thus very well positioned to benefit from the upcoming opportunities.
Read on to know more:
https://www.aviseanalytics.com/aspen-aerogels...v-markets/
$ASPN
Excited to share an article about Aspen Aerogels, Inc. (NYSE: ASPN), an aerogel technology company that designs, develops, and manufactures innovative, high-performance aerogel materials used primarily in the energy industrial, sustainable insulation materials, and electric vehicle markets.
The Company’s insulation product revenue has grown from $17.2 million in 2008 to $124.8 million in 2022, representing a compound annual growth rate of 15%. Of late, the EV industry has been growing exponentially, and as a result, Aspen’s PyroThin® thermal barrier revenue grew nearly nine times to reach $55.6 million in FY23.
The Company already provides production parts to renowned companies like General Motors and Toyota, thus very well positioned to benefit from the upcoming opportunities.
Read on to know more:
https://www.aviseanalytics.com/aspen-aerogels...v-markets/
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