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Aspen Aerogels Amends Credit Facility to Enhance Liquidity

Story Highlights
  • Aspen Aerogels amended its MidCap credit facility, tightening liquidity requirements while removing its EBITDA covenant.
  • The company says the revised covenants bolster financial flexibility as improving liquidity supports its 2026 growth plans.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Aspen Aerogels Amends Credit Facility to Enhance Liquidity

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Aspen Aerogels ( (ASPN) ) has issued an announcement.

On December 16, 2025, Aspen Aerogels and its affiliates amended their existing MidCap credit facility, raising the minimum liquidity threshold tied to the term loan balance, eliminating the minimum EBITDA covenant, revising mandatory prepayment terms to apply asset-sale proceeds to reduce amortization in order of maturity, and lowering the basket for permitted acquisitions. In a December 17, 2025 announcement, the company said the changes strengthen its financial position and provide added covenant flexibility, reflecting a liquidity outlook that is running ahead of expectations due to operational efficiencies, working-capital improvements and disciplined capital spending, which together should support execution of its growth strategy into 2026 and may reassure lenders and investors about its balance-sheet resiliency.

The most recent analyst rating on (ASPN) stock is a Hold with a $3.00 price target. To see the full list of analyst forecasts on Aspen Aerogels stock, see the ASPN Stock Forecast page.

Spark’s Take on ASPN Stock

According to Spark, TipRanks’ AI Analyst, ASPN is a Neutral.

Aspen Aerogels’ overall stock score is primarily impacted by its financial performance challenges, including profitability and cash flow issues. Technical analysis indicates bearish momentum, and valuation metrics are unattractive due to ongoing losses. While the earnings call provides some future growth opportunities, immediate financial and market challenges weigh heavily on the score.

To see Spark’s full report on ASPN stock, click here.

More about Aspen Aerogels

Aspen Aerogels, Inc., headquartered in Northborough, Massachusetts, is a technology company focused on sustainability and electrification solutions. Its aerogel-based products serve global megatrends in resource efficiency, e-mobility and clean energy, with PyroThin® used to address thermal runaway in electric vehicles and Cryogel® and Pyrogel® widely adopted by major energy infrastructure companies. The company’s strategy is to partner with leading industrial players to extend its Aerogel Technology Platform® into additional high-value markets.

Average Trading Volume: 2,368,507

Technical Sentiment Signal: Sell

Current Market Cap: $254.6M

Find detailed analytics on ASPN stock on TipRanks’ Stock Analysis page.

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