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Investment analysts at Canaccord Genuity initiated coverage on shares of Aspen Aerogels (NASDAQ:ASPN) in a note issued to investors on Tuesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $13.50 price target on the stock. Canaccord Genuity’s target price would indicate a potential upside of 18.84% from the company’s current price.

A number of other analysts have also recently weighed in on ASPN. Analysts at Citigroup Inc. initiated coverage on shares of Aspen Aerogels in a research note on Tuesday. They set a “neutral” rating and a $12.00 price target on the stock. Analysts at Robert W. Baird initiated coverage on shares of Aspen Aerogels in a research note on Tuesday. They set a “neutral” rating and a $11.00 price target on the stock. They noted that the move was a valuation call.

Aspen Aerogels (NASDAQ:ASPN) traded down 7.04% during mid-day trading on Tuesday, hitting $10.56. The stock had a trading volume of 70,199 shares. Aspen Aerogels has a one year low of $10.25 and a one year high of $11.74. The stock’s 50-day moving average is $10. and its 200-day moving average is $10.. The company’s market cap is $217.3 million.

Aspen Aerogels, Inc is an energy technology company that designs, develops and manufactures aerogel insulation used primarily in large-scale energy infrastructure facilities.

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