Ascent Solar Technologies (NASDAQ:ASTI) Announces Quarterly Earnings Results

Ascent Solar Technologies (NASDAQ:ASTI) announced its quarterly earnings data on Friday. The company reported ($0.40) earnings per share for the quarter, Zacks reports. The company had revenue of $0.02 million during the quarter.

Ascent Solar Technologies Trading Down 8.3%

ASTI opened at $4.66 on Friday. The business’s 50 day moving average is $5.88 and its 200-day moving average is $3.65. The stock has a market cap of $35.85 million, a PE ratio of -1.60 and a beta of 1.26. Ascent Solar Technologies has a twelve month low of $1.10 and a twelve month high of $9.87.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Wall Street Zen upgraded Ascent Solar Technologies from a “sell” rating to a “hold” rating in a research report on Saturday, November 22nd. Weiss Ratings reissued a “sell (e+)” rating on shares of Ascent Solar Technologies in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. HRT Financial LP acquired a new position in shares of Ascent Solar Technologies during the fourth quarter valued at $208,000. Jane Street Group LLC bought a new stake in shares of Ascent Solar Technologies during the 4th quarter worth about $116,000. Geode Capital Management LLC boosted its holdings in shares of Ascent Solar Technologies by 87.7% in the fourth quarter. Geode Capital Management LLC now owns 26,938 shares of the company’s stock valued at $111,000 after acquiring an additional 12,588 shares in the last quarter. Finally, Cetera Investment Advisers acquired a new position in shares of Ascent Solar Technologies during the fourth quarter valued at approximately $89,000. Institutional investors and hedge funds own 10.55% of the company’s stock.

Ascent Solar Technologies Company Profile

Ascent Solar Technologies, Inc (NASDAQ:ASTI) develops and manufactures thin-film photovoltaic modules based on copper indium gallium selenide (CIGS) semiconductor technology. Designed for lightweight, flexible and durable integration, Ascent Solar’s products are well-suited to mobile and off-grid applications where conventional rigid panels are impractical. The company’s portfolio includes both rollable and laminate modules that can be bonded onto a variety of surfaces, from textiles and curved structures to aerospace platforms.

Ascent Solar’s modules target a diverse set of end markets, including military and defense sectors, unmanned aerial vehicles (UAVs), consumer electronics, automotive and building-integrated photovoltaics (BIPV).