Ascent Solar Technologies (ASTI) Set to Announce Quarterly Earnings on Monday

Ascent Solar Technologies (NASDAQ:ASTI) is expected to post its resultson Monday, November 9th. Analysts expect Ascent Solar Technologies to announce earnings of ($0.21) per share and revenue of $0.12 million for the quarter.

Ascent Solar Technologies (NASDAQ:ASTI) last issued its quarterly earnings results on Thursday, August 6th. The company reported ($0.19) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.19). The company had revenue of $0.10 million for the quarter, compared to the consensus estimate 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%. On average, analysts expect Ascent Solar Technologies to post ($0.91) EPS for the current fiscal year and ($0.63) EPS for the next fiscal year.

Ascent Solar Technologies Price Performance

Shares of NASDAQ:ASTI opened at $1.57 on Monday. Ascent Solar Technologies has a twelve month low of $1.40 and a twelve month high of $9.87. The company has a 50-day moving average price of $2.49 and a two-hundred day moving average price of $4.41. The firm has a market capitalization of $15.42 million, a PE ratio of -1.06 and a beta of 1.73.

Analyst Ratings Changes

A number of equities analysts recently commented on ASTI shares. HC Wainwright reiterated a “buy” rating on shares of Ascent Solar Technologies in a research report on Wednesday, August 19th. Weiss Ratings lowered Ascent Solar Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, October 12th. 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’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $20.00.

Ascent Solar Technologies Company Profile

Ascent Solar Technologies, Inc is a U.S.-based solar technology company that develops and manufactures lightweight, flexible photovoltaic products. Its modules use copper indium gallium selenide (CIGS) thin-film technology, which is designed to provide solar power in applications where conventional rigid silicon panels may be too heavy, fragile, or difficult to install.

The company focuses on specialized markets including space and aerospace, defense, portable and off-grid power, emergency response, and other infrastructure and industrial applications.