Ascent Solar Technologies (NASDAQ:ASTI – Get Free Report) announced its quarterly earnings results on Friday. The company reported ($0.30) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.09), FiscalAI reports. Ascent Solar Technologies had a negative net margin of 4,217.19% and a negative return on equity of 85.21%. The business had revenue of $0.18 million for the quarter, compared to analysts’ expectations of $0.12 million.
Ascent Solar Technologies Price Performance
NASDAQ ASTI traded down $0.03 during mid-day trading on Friday, reaching $1.45. The stock had a trading volume of 211,976 shares, compared to its average volume of 212,350. Ascent Solar Technologies has a 1 year low of $1.40 and a 1 year high of $9.87. The company has a fifty day moving average price of $2.34 and a 200 day moving average price of $4.32.
Wall Street Analyst Weigh In
ASTI has been the topic of several recent analyst reports. HC Wainwright reiterated a “buy” rating on shares of Ascent Solar Technologies in a research note on Wednesday, August 19th. Weiss Ratings lowered shares of Ascent Solar Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, October 12th. One 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.com, the stock currently has a consensus rating of “Hold” and an average target price of $20.00.
View Our Latest Report on ASTI
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.
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