Are Ascent Solar Technologies, Inc. (OTCMKTS:ASTI) Shares Poised for More Losses?


Ascent Solar Technologies, Inc. (OTCMKTS:ASTI) shares fell 1.14% to $0.0261 on Tuesday. The company has a market cap of $2.03 million at 77.73 million shares outstanding. Share prices have been trading in a 52-week range of $0.03 to $8.20, which means that price is at the lower bound.

Ascent Solar Technologies is a company that is engaged in commercializing flexible photovoltaic modules using its technology. Its manufacturing process deposits multiple layers of materials, including a thin film of copper-indium-gallium-diselenide semiconductor material, on a plastic substrate using a roll-to-roll manufacturing process and then laser patterns the layers to create interconnected PV cells or PV modules, in a process known as monolithic integration.

The company also has consumer-oriented products focusing on charging devices powered by its solar modules, manufactured by affixing a thin CIGS layer to a flexible, plastic substrate using a roll-to-roll process. In its latest earnings report for the quarter ended June 30, 2016, the company reported revenue of $255K, much lower than the $2.23 million revenue recorded in the same period last year. However, total costs and operating expenses slid $1.77 million from the previous year, trimming the net loss to $7.14 million, which is still higher compared to $6.93 million from the same period a year ago.

Even so, analysts are mixed on the stock, with 10% Owner TFG Radiant Investment Group L purchasing 2,270,309 company shares. Another 10% Owner SHTARD Enterprises LTD purchased 4,000,000 shares. Ardour Capital changed its rating from Hold to Reduce while Rodman & Renshaw changed its outlook from Outperform to Perform.

Although renewable energy firms seem to be gaining traction in the past years, it could take a long while before Ascent Solar Technologies reaps profits as the company has yet to make it in the mainstream commercial market. Until then, share prices could maintain its downward trajectory.

DISCLAIMER: There is a substantial risk of loss with any speculative asset, especially small cap stocks. The opinions expressed are those of the author, and do not constitute recommendations to buy or sell a stock. Do your own research before committing capital.