5 Stocks to Buy Amid Rising Inflation

2. Aspen Aerogels, Inc. (NYSE: ASPN)

Number of Hedge Fund Holders: 13    

Aspen Aerogels, Inc. (NYSE: ASPN) is a company that markets aerogel insulation products. It is placed second on our list of 13 stocks to buy amid rising inflation. The products sold by the company are used in energy infrastructure development and building materials. The company’s shares have offered investors returns exceeding 260% over the past twelve months. With a brand name and presence in four different continents, the stock is a good hedge against inflation. 

On April 29, Aspen Aerogels, Inc. (NYSE: ASPN) posted quarterly earnings results, reporting earnings per share of -$0.22 for the first three months of 2021, missing market estimates by $0.02. The revenue over the period was over $28 million, beating market predictions by more than $4 million.

At the end of the first quarter of 2021, 13 hedge funds in the database of Insider Monkey held stakes worth $88 million in Aspen Aerogels, Inc. (NYSE: ASPN), up from 9 in the preceding quarter worth $58 million.