Ascent Solar Technologies (NASDAQ:ASTI) Coverage Initiated by Analysts at HC Wainwright

HC Wainwright began coverage on shares of Ascent Solar Technologies (NASDAQ:ASTI) in a report released on Thursday morning, Marketbeat.com reports. The firm issued a buy rating and a $20.00 price objective on the stock.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Ascent Solar Technologies in a research note on Monday. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $20.00.

Ascent Solar Technologies Trading Up 7.4%

Shares of ASTI opened at $5.34 on Thursday. Ascent Solar Technologies has a twelve month low of $1.10 and a twelve month high of $9.87. The firm has a market capitalization of $50.52 million, a P/E ratio of -1.61 and a beta of 1.28. The stock’s fifty day simple moving average is $5.20 and its 200 day simple moving average is $4.06.

Ascent Solar Technologies (NASDAQ:ASTI) last posted its quarterly earnings results on Friday, March 20th. The company reported ($0.40) earnings per share (EPS) for the quarter. The firm had revenue of $0.02 million for the quarter. Ascent Solar Technologies had a negative net margin of 10,041.03% and a negative return on equity of 261.07%.

Institutional Trading of Ascent Solar Technologies

A number of institutional investors have recently added to or reduced their stakes in ASTI. Geode Capital Management LLC increased 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 purchasing an additional 12,588 shares in the last quarter. Founders Financial Securities LLC acquired a new position in shares of Ascent Solar Technologies during the third quarter worth about $34,000. Cetera Investment Advisers purchased a new stake in shares of Ascent Solar Technologies in the fourth quarter worth about $89,000. Jane Street Group LLC purchased a new stake in shares of Ascent Solar Technologies in the fourth quarter worth about $116,000. Finally, MYDA Advisors LLC acquired a new stake in shares of Ascent Solar Technologies in the fourth quarter valued at about $206,000. 10.55% of the stock is owned by hedge funds and other institutional investors.

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).