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

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

Ascent Solar Technologies Trading Down 8.3%

NASDAQ:ASTI opened at $4.66 on Friday. The business’s fifty day moving average price is $5.88 and its 200 day moving average price is $3.65. The firm has a market capitalization of $35.85 million, a price-to-earnings ratio of -1.60 and a beta of 1.26. Ascent Solar Technologies has a 1-year low of $1.10 and a 1-year high of $9.87.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Weiss Ratings restated a “sell (e+)” rating on shares of Ascent Solar Technologies in a report on Wednesday, January 21st. Wall Street Zen raised shares of Ascent Solar Technologies from a “sell” rating to a “hold” rating in a research note on Saturday, November 22nd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

Hedge Funds Weigh In On Ascent Solar Technologies

A number of large investors have recently made changes to their positions in the business. Cetera Investment Advisers acquired a new stake in shares of Ascent Solar Technologies during the fourth quarter worth approximately $89,000. Geode Capital Management LLC lifted its position in Ascent Solar Technologies by 87.7% in the 4th quarter. Geode Capital Management LLC now owns 26,938 shares of the company’s stock worth $111,000 after buying an additional 12,588 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Ascent Solar Technologies during the 4th quarter valued at $116,000. Finally, HRT Financial LP purchased a new position in shares of Ascent Solar Technologies during the 4th quarter valued at $208,000. 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).