EV Market DemandWeaker EV demand results in a reset for 2025 with management electing to end construction at the Georgia plant.
Guidance And VisibilityAspen Aerogels guided revenue, Adjusted EBITDA and EPS below the Street for 1Q, and withheld providing guidance for FY25 citing lack of visibility into production demand.
Market SentimentThe rating for Aspen Aerogels, Inc. was downgraded from Buy to Neutral due to low visibility on program needs and margin vulnerability.