On May 29, 2025, Barclays downgraded Aspen Aerogels, Inc. from an 'Overweight' rating to 'Equal Weight'. This change reflects a revised outlook from the analyst firm regarding the company's prospects.
Concurrently with the downgrade, Barclays significantly reduced its price target for Aspen Aerogels, lowering it from $13.00 to $7.00. This substantial reduction indicates a more cautious stance on the company's future valuation.
The downgrade and price target cut were attributed to 'mounting challenges in the electric vehicle market.' This assessment by Barclays suggests concerns about the broader industry environment impacting Aspen Aerogels' business performance.
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