Ascent Solar Technologies (NASDAQ:ASTI) Posts Earnings Results

Ascent Solar Technologies (NASDAQ:ASTI) announced its quarterly earnings results on Friday. The company reported ($0.40) earnings per share (EPS) 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.

Analyst Ratings Changes

Several equities research analysts have weighed in on ASTI shares. Wall Street Zen raised 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 report on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, According to MarketBeat, Ascent Solar Technologies currently has an average rating of “Sell”.

Institutional Trading of Ascent Solar Technologies

Large investors have recently added to or reduced their stakes in the business. HRT Financial LP acquired a new stake in shares of Ascent Solar Technologies in the fourth quarter valued at $208,000. Jane Street Group LLC acquired a new position in Ascent Solar Technologies during the fourth quarter worth about $116,000. Cetera Investment Advisers bought a new stake in Ascent Solar Technologies in the fourth quarter worth about $89,000. Finally, Geode Capital Management LLC lifted its holdings 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 valued at $111,000 after acquiring an additional 12,588 shares during the last quarter. 10.55% of the stock is currently owned by institutional investors and hedge funds.

About Ascent Solar Technologies

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).