Aspen Aerogels Says Second Plant Expected To Provide ~$1.2B-$1.6B In Revenue
Portfolio Pulse from Benzinga Newsdesk
Aspen Aerogels plans to fund its second aerogel plant with a proposed loan of up to $670.6 million. The plant is expected to generate $1.2B-$1.6B in revenue, significantly boosting the company's PyroThin® thermal barrier capacity.
October 16, 2024 | 12:32 pm
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Aspen Aerogels is planning to secure a loan of up to $670.6 million to complete its second aerogel plant, which is expected to generate $1.2B-$1.6B in revenue. This expansion will significantly increase the company's PyroThin® thermal barrier production capacity.
The news of a new plant expected to generate significant revenue is positive for Aspen Aerogels. The proposed loan indicates financial planning to support this growth, likely leading to a positive short-term impact on the stock price.
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