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Investment analysts at Robert W. Baird initiated coverage on shares of Aspen Aerogels (NASDAQ:ASPN) in a note issued to investors on Tuesday, reports. The firm set a “neutral” rating and a $11.00 price target on the stock. Robert W. Baird’s price target points to a potential upside of 2.52% from the company’s current price. The analysts noted that the move was a valuation call.

Shares of Aspen Aerogels (NASDAQ:ASPN) traded down 5.55% on Tuesday, hitting $10.73. The stock had a trading volume of 117,479 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 $220.8 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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