May. 5 at 5:00 AM
$ASPN has an unexpected overhang that @Jruiner highlighted a few weeks back.
$ASPN initially had opaque press release that made it initially appear as though not meaningful: https://ir.aerogel.com/news/news-details/2026/Aspen-Aerogels-Provides-Update-on-Incident-at-East-Providence-Facility/default.aspx
Subsequent 8-K made it clear facility was shuttered for weeks, no timeline for return to operations, and process of filing insurance claims initiated: https://d18rn0p25nwr6d.cloudfront.net/CIK-0001145986/10acfca8-c370-495c-9019-0429eb4a3c00.pdf
This will raise all kinds of questions on the upcoming earnings call about operations and sufficiency of insurance coverage. I did my diligence and decided to exit in late April.
I'm waiting to re-enter on weakness, but not sure anyone will if they can't give a timeline to return to operations in time to supply rising demand from European EV manufacturers.