Aspen AerogelsNYSE: ASPN

Aspen (ASPN) is set to supply the next-generation electric-only Porsche 718 series to Valmet Automotive.

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Up nearly 100% in 2024, Aspen Aerogels is approaching a new buy point. Aspen stock is a top stock to watch in today's stock market.

With Q1 earnings behind most electric vehicle (EV) companies, it is time to reassess the market and investor positioning, identifying promising EV stocks to buy. The latest market growth forecast by BloombergNEF remains positive.

Aspen Aerogels exceeded expectations for the quarter and increased its full-year forecast. The company is collaborating with a few car manufacturers to integrate its technology, which enhances battery efficiency.

Aspen Aerogels (ASPN) reported earnings of $0.01 per share for the quarter, surpassing the Zacks Consensus Estimate of a loss of $0.13 per share. This is an improvement from the loss of $0.24 per share in the same quarter last year.

Aspen Aerogels has seen significant growth and improved operating leverage recently, resulting in increased investor confidence. The company focuses on high-performance aerogel insulation for energy infrastructure facilities, yet it is the battery insulation business which drives the business here. The potential for growth in the thermal insulation market, particularly in the electric vehicle sector, could lead to substantial long-term profits for Aspen Aerogels and its investors.

Aspen Aerogels easily beat estimates for revenue and earnings with its fourth quarter. The sustainability and electrification solutions company credited investments in the EV Thermal Barrier business.

When it comes to reporting and trading, small-cap stocks usually get overlooked due to the lack of information, interest, or both. However, in the sea of options, hidden gems hold the potential to increase their value multiple times in the future, and Aspen Aerogels (NYSE: ASPN) might be one of these.