Ascent Solar Technologies (ASTI) Projected to Release Quarterly Earnings on Monday

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

Ascent Solar Technologies (NASDAQ:ASTI) last announced its quarterly 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). Ascent Solar Technologies had a negative return on equity of 85.21% and a negative net margin of 4,217.19%. The company had revenue of $0.10 million during the quarter, compared to the consensus estimate of $0.10 million. 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 Ascent Solar Technologies stock opened at $1.57 on Monday. The firm has a market cap of $15.42 million, a PE ratio of -1.06 and a beta of 1.73. The business has a 50-day moving average price of $2.49 and a 200 day moving average price of $4.41. Ascent Solar Technologies has a twelve month low of $1.40 and a twelve month high of $9.87.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on ASTI shares. HC Wainwright reiterated a “buy” rating on shares of Ascent Solar Technologies in a report on Wednesday, August 19th. Weiss Ratings cut shares of Ascent Solar Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, October 12th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $20.00.

About Ascent Solar Technologies

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.