Aspen Aerogel and GM

Besides the $650M loan they got from the DOE, they’ve just released preliminary Q3 financials. They now expect $117M of revenue which would be 93% YoY sales growth. This beats an earlier estimate of $95M revenue.

Both these news items are propelling the stock higher pre-market.

https://ir.aerogel.com/news/news-details/2024/Aspen-Aerogels-Inc.-Receives-Conditional-Commitment-for-Proposed-DOE-Loan-and-Provides-Q3-2024-Preliminary-Financial-Results/default.aspx

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