Ascent Solar Technologies (NASDAQ:ASTI – Get Free Report) will likely be issuing its results after the market closes on Tuesday, August 11th. Analysts expect Ascent Solar Technologies to announce earnings of ($0.19) per share and revenue of $0.0530 million for the quarter.
Ascent Solar Technologies (NASDAQ:ASTI – Get Free Report) last posted its quarterly earnings data on Friday, May 8th. The company reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.08). Ascent Solar Technologies had a negative net margin of 7,311.40% and a negative return on equity of 127.37%. The firm had revenue of $0.05 million during the quarter, compared to analyst estimates of $0.05 million. On average, analysts expect Ascent Solar Technologies to post $-1 EPS for the current fiscal year and $-0 EPS for the next fiscal year.
Ascent Solar Technologies Price Performance
NASDAQ ASTI traded up $0.41 during trading hours on Tuesday, hitting $3.47. 392,801 shares of the company’s stock traded hands, compared to its average volume of 1,909,123. The company has a market capitalization of $34.08 million, a PE ratio of -1.41 and a beta of 1.76. Ascent Solar Technologies has a 52-week low of $1.40 and a 52-week high of $9.87. The firm’s 50-day moving average is $5.14 and its 200-day moving average is $5.21.
Institutional Trading of Ascent Solar Technologies
Analysts Set New Price Targets
Several brokerages recently issued reports on ASTI. HC Wainwright initiated coverage on shares of Ascent Solar Technologies in a report on Thursday, April 23rd. They issued a “buy” rating and a $20.00 price objective on the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of Ascent Solar Technologies in a research report on Friday, July 17th. Finally, Zacks Research raised shares of Ascent Solar Technologies to a “hold” rating in a research note on Friday, April 24th. 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 stock. According to data from MarketBeat, Ascent Solar Technologies presently has a consensus rating of “Hold” and an average price target of $20.00.
Check Out Our Latest Research Report on Ascent Solar Technologies
Ascent Solar Technologies Company Profile
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).
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