HC Wainwright Issues Pessimistic Estimate for ASTI Earnings

Ascent Solar Technologies Inc. (NASDAQ:ASTI) – Stock analysts at HC Wainwright decreased their FY2029 earnings estimates for shares of Ascent Solar Technologies in a research report issued to clients and investors on Wednesday, August 19th. HC Wainwright analyst A. Dayal now anticipates that the company will earn $0.67 per share for the year, down from their previous estimate of $0.76. HC Wainwright currently has a “Buy” rating on the stock. The consensus estimate for Ascent Solar Technologies’ current full-year earnings is ($0.74) per share. HC Wainwright also issued estimates for Ascent Solar Technologies’ FY2030 earnings at $1.42 EPS.

Several other equities research analysts also recently issued reports on ASTI. Weiss Ratings raised Ascent Solar Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, August 7th. Zacks Research upgraded Ascent Solar Technologies to a “hold” rating in a research note on Friday, April 24th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $20.00.

Ascent Solar Technologies Price Performance

Ascent Solar Technologies stock opened at $3.14 on Thursday. The firm has a market cap of $30.83 million, a price-to-earnings ratio of -2.12 and a beta of 1.76. Ascent Solar Technologies has a fifty-two week low of $1.40 and a fifty-two week high of $9.87. The firm has a fifty day moving average price of $4.20 and a two-hundred day moving average price of $5.03.

Ascent Solar Technologies (NASDAQ:ASTI) last posted its earnings results on Thursday, August 6th. The company reported ($0.19) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.19). The business had revenue of $0.10 million for the quarter, compared to analyst estimates of $0.10 million. Ascent Solar Technologies had a negative net margin of 4,217.19% and a negative return on equity of 85.21%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Cetera Investment Advisers lifted its position in Ascent Solar Technologies by 14.9% in the first quarter. Cetera Investment Advisers now owns 25,001 shares of the company’s stock worth $99,000 after purchasing an additional 3,251 shares during the period. MYDA Advisors LLC bought a new stake in Ascent Solar Technologies in the 4th quarter valued at $206,000. Jane Street Group LLC bought a new stake in Ascent Solar Technologies in the 4th quarter valued at $116,000. HRT Financial LP acquired a new position in shares of Ascent Solar Technologies in the 4th quarter valued at $208,000. Finally, Geode Capital Management LLC raised its stake in shares of 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 buying an additional 12,588 shares in the last quarter. 10.55% of the stock is currently owned by institutional investors and hedge funds.

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).