Latest news with #Aspen
Yahoo
4 days ago
- Business
- Yahoo
Barclays Downgrades Aspen Aerogels to Equal Weight, Cuts Price Target to $7
On May 29, 2025, Barclays downgraded Aspen Aerogels, Inc. (NYSE:ASPN) from Overweight to Equal Weight. The lead analyst, David Anderson, also stated that the new price target has been revised downwards to $7.00 from $13.00. A row of electric vehicles all powered by the company's advanced battery systems. Anderson specified in his report that the rating downgrade and price target cut are informed 'mounting challenges in the electric vehicle (EV) market that directly impact Aspen's core thermal barrier business.' The decision primarily stems from diminishing EV tax credits and General Motors' (NYSE:GM) decision to slow its domestic EV production. These factors are why Barclays also cut its 2026 EBITDA forecast for Aspen by 20%. According to Anderson, Aspen's thermal barrier products for EV batteries remain unique, and the company faces limited competition. However, external market conditions have forced the company to pivot strategically. On the other hand, Barclays' Auto analyst Dan Levy projects that General Motors will produce approximately 160,000 vehicles in 2025, down from the initial expectation of 235,000 units. The production is projected to further decrease to less than 120,000 in 2026. The updated forecasts and downgrade signal the financial challenges Aspen Aerogels is expected to face ahead. Barclays' stock price target and rating adjustment underscore the influence of market shifts and regulatory changes on companies closely tied to the evolving EV industry. Aspen Aerogels, Inc. (NYSE:ASPN) is a technology company specializing in high-performance aerogel insulation for energy, industrial, and EV applications. It operates in two main segments: Thermal Barrier (provides insulation for EV batteries) and Energy Industrial (supplies insulation solutions for industries like oil, gas, and chemicals). The company's key product lines include PyroThin thermal barriers for EVs and Cryogel, Spaceloft, and Pyrogel for industrial insulation While we acknowledge the potential of Aspen Aerogels, Inc. (NYSE:ASPN) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ASPN and that has 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Wall Street Journal
5 days ago
- Business
- Wall Street Journal
Former Sprint CEO Sells Aspen Teardown for $37.3 Million
Former Sprint Sprint CEO Marcelo Claure has sold a large property in Aspen, Colo., to his neighbor for $37.3 million, five years after buying it for $11 million. Located just outside downtown Aspen, the roughly 21-acre property has a long-vacant house. It was listed for $45 million in 2023 with plans for two new, roughly 15,000-square-foot houses.
Press and Journal
6 days ago
- Press and Journal
Incredible £1.9m country estate in the heart of the Cairngorms National Park hits the market
A stunning country home in the heart of the Cairngorms has hit the market. Broomhill House is an imposing private Arts and Crafts house, constructed of solid granite, located south of Grantown-on-Spey. It has a storied history, having been built for Sir Alfred Booth of Liverpool, best known for his role as chairman of the Cunard Line. RMS Carpathia – a Cunard Line liner – was first on the scene to rescue survivors of the RMS Titanic in 1912. Broomhill House was completed in 1918 before being sold to the Aspen family in 1926 for their six-year-old pneumonia-stricken daughter Rosemary to live in. The Aspen family fled to the Moray countryside at the outbreak of WWII. The fresh air must have been good for Rosemary, who, despite having pneumonia, lived in Broomhill House for 85 years. The house is extensive, with more than 7,500 square feet of space, as well as a car port and indoor courtyard. The house was formerly for sale with the price being revealed on application. It is now listed with Fine & Country for £1.9 million. Entering the house via a door next to the car port, there is a cloakroom with toilet and study to the right. Along the hallway is the drawing room, featuring a huge bay window, which connects to the sitting room. A standout feature is the huge log-burning fireplace and dark wooden ceiling beams. The sitting room leads through to the covered verandah as well as the garden room. Further down the hallway is the formal dining room, pantry and store room. To the left is the kitchen, with larder and utility room connected. On the other side of the hall is a ground-floor bedroom and separate shower room. Disconnected from the rest of the house is a dairy and wine store room on the opposite side of the car port. While still connected to the main house, there is a separate annexe area for guests/visitors, and it is currently used as a holiday rental. It consists of a living room, dining room, kitchen, ground-floor bedroom and bathroom. There are two additional bedrooms upstairs. The first floor of the main house has seven double bedrooms, with three bathrooms and a linen room. There is also a small roof terrace, which overlooks the courtyard, accessed via one of the bedrooms. In addition to the bedrooms is one of the highlights of the house – the music room. The Aspen family commissioned the highly acclaimed architect Sir Basil Spence to extend the house, creating the barrel-vaulted music room. The courtyard encloses several store rooms, two toilets, as well as a separate Coach House. There is a large Siberian larch multi-functional building, which was built in 2016 for garden storage. Broomhill House is approached by a sweeping private drive through a quiet wooded area, with ample parking. The mature gardens are around six acres, with expansive lawns and magnificent views of the River Spey and its valley. These extend all the way to the Cairngorm Mountains. There is also the former lawn tennis court with its thatched pavilion. The house and gardens are surrounded by mature trees, which extend into ancient Caledonian pine forest to the rear of the house.
Hospitality Net
26-05-2025
- Business
- Hospitality Net
Carrie Williams has been appointed General Manager at Aspen Meadows Resort
Salamander Collection has appointed Carrie Williams as the new general manager of Aspen Meadows Resort. A hospitality and operations professional who has called the Aspen area home for 20 years, Williams will assume the role on June 14. The AAA Four Diamond-rated resort, which attracts visitors, families and corporate retreats from around the world, recently completed a comprehensive renovation of its spacious guest accommodations and stylish reception and opened its acclaimed new restaurant West End Social. Williams currently serves as managing director of operations and facilities for the Aspen Institute, which owns Aspen Meadows. Since 2020 she has served as a strong liaison for the resort helping driving capital projects, leading sustainability and key housing initiatives, and completing a variety of renovation projects. Managed by Salamander Collection, which was founded by Sheila Johnson, Aspen Meadows features 98 suites and is located on 40 beautiful acres surrounded by picturesque mountain views. A secluded sanctuary, the resort is the original home of the Aspen Institute and brings Aspen's past and present to life with unique art and history alongside ample access to the outdoors and mountain recreation. Throughout the year, Aspen Meadows hosts the Institute's famed array of programming, including the Aspen Ideas Festival. Prior to joining the Aspen Institute in 2020, Williams was director of operations at The Limelight Hotel in Aspen and held various leadership roles at The Little Nell, where she developed a deep appreciation for exceptional food and wine paired with warm, attentive service. Originally from Pennsylvania, she is a passionate animal lover, enjoys fine food and wine, and discovering new flavors and experiences wherever she goes. Away from her desk, you'll find her traveling abroad, fishing, or diving.
Web Release
25-05-2025
- Business
- Web Release
ASPEN REINFORCES SAUDI MARKET LEADERSHIP WITH NEW MIDDLE EAST REGION HQ IN RIYADH
Aspen Pharmacare Holdings Limited ('Aspen'), a global specialty and branded multinational pharmaceutical company, has announced the establishment of a new regional headquarters in Riyadh, the capital of the Kingdom of Saudi Arabia (KSA). Following a series of Middle East investments in key therapeutic areas aligned with both patient needs and market demands, the new regional headquarters will support Aspen's regional growth strategy which includes a focus on three key pillars, namely, talent development, localization, and partnerships. Daniel Vella Friggieri – Regional CEO Europe & Middle East, Aspen Pharmacare, said: 'We are delighted to be strengthening our local presence in this crucial market. The large-scale changes that have occurred in Saudi Arabia's healthcare landscape offer us a tremendous opportunity. Aspen's new regional headquarters in Riyadh ensures that we can fully align with the Kingdom's healthcare delivery objectives and mutual goal setting under Vision 2030.' KSA has experienced a dynamic transformation with a large influx of expatriate professionals. This country now ranks among Aspen's top five markets in the Middle East and Europe, underpinning the Group's strategy to significantly enhance its presence in this area. Aspen has also identified several Saudi-based initiatives as high-priority projects, further reinforcing the company's commitment to the Kingdom. Wesam Nehad, Aspen Pharma RHQ General Manager, added: 'Expanding in Saudi Arabia allows Aspen to build on our already well-established, strong capabilities across the Middle East – namely, an efficient distribution network, operational excellence, and a highly skilled team. As we continue to grow, we are committed to expanding our reach and enhancing patient access to high quality, affordable medicine across the Kingdom and wider region'. Aspen focuses on marketing and manufacturing a broad range of post-patent, branded medicines and domestic brands covering both hospital and consumer markets through its key business segments, including manufacturing and commercial pharmaceuticals comprising injectable products, prescription and OTC medicines. Aspen's wide variety of product types includes steriles, oral solid dose, liquids, semi-solids, biologicals and active pharmaceutical ingredients.
