Why Aspen Aerogels Stock Is Surging Higher Today
ASPNAspen Aerogels(ASPN) The Motley Fool·2024-05-02 23:58

Revenue more than doubled year over year as the company's core product gains traction.Aspen Aerogels (ASPN 47.86%) easily beat quarterly expectations and said revenue more than doubled from a year ago. Investors are buying in, sending shares of the advanced materials company up 38% as of 10:30 a.m. ET.Revenue is surgingAspen makes materials designed to improve the efficiency of lithium batteries, among other uses. The company lost $0.02 per share in the first quarter of 2024, it reported yesterday, on reven ...