Ascent Solar Technologies, Inc. (OTCMKTS: ASTI) has been on the move over the past few months running from well under a penny to recent highs of $0.097 per share. The stock has quickly attracted legions of new shareholders and is transforming into a volume leader in small caps trading regularly trading $25 million plus in daily dollar volume. ASTI has emerged in recent months as an investors favorite and is currently among the most actively searched and talked about stocks in small caps. ASTI is looking to blaze a path along the likes of Enzolytics or Tesoro and break out into a whole new dimension – Tesoro went to multi dollars – a break over $0.097 and its blue skies ahead.
ASTI is quickly emerging as the darling of small caps ever since the Company received a $2.5 million investment from Bernd Fortsch via Crowdex and TubeSolar AG, a well-known German entrepreneur worth hundreds of millions of euros who has now become the controlling shareholder. Mr. Fortsch has quickly brought on a top-level management team of major international executives including Michael Gilbreth as CFO and Will Clarke as class 2 director. ASTI is ex Nasdaq and as we have reported many times these ex big boards have a long history of historic moves once trading in small caps especially the OTC bulletin board. ASTI an early pioneer in Flexible Solar Modules could not be in a stronger position as Solar Energy is currently seeing an enormous global boost.
Ascent Solar Technologies, Inc. (OTCMKTS: ASTI) is a developer of thin-film photovoltaic modules using flexible substrate materials that are more versatile and rugged than traditional solar panels. Ascent Solar modules were named as one of the top 100 technologies in both 2010 and 2015 by R&D Magazine, and one of TIME Magazine’s 50 best inventions for 2011. The technology described above represents the cutting edge of flexible power and can be directly integrated into consumer products and off-grid applications, as well as other aerospace applications.
Last week ASTI reported full year financial results for the year ended December 31, 2020 in its 10-K filing. Beginning in June 2020, the Company entered into series of agreements and activities to recapitalize and restructure its balance sheet. In addition, ASTI appointed a new CFO and restructured the Board of Directors.
On October 5, 2020, the Company appointed Michael Gilbreth to serve as the CFO of the Company, succeeding Victor Lee who had been serving in an interim CFO role. Mr. Lee continues to serve as Chief Executive Officer and a director of the Company.
On December 10, 2020, the Company appointed Will Clarke as a Class 2 director, filling the vacancy left by the resignation of Mr. G. Thomas Marsh as director of the Company in early 2020. The Company also appointed David Peterson, representative of the new investors Crowdex Investment LLC and Penumbra Solar Inc., as a Class 3 director on the same day.
The newly constituted Board of Directors now has five members, comprised of Dr. Amit Kumar, Chairman of the Board, Kim Huntley and Will Clarke as the independent directors, and Victor Lee and Dave Peterson as non-independent directors.
Victor Lee, ASTI CEO stated: “Since September of 2020, we have been working tirelessly to restart our operations and get caught up with the required SEC filings. Despite setbacks caused by various challenges including the lack of financial resources and the impact of COVID-19 in 2020, I am extremely pleased with our recent restructuring and recapitalization efforts, our currency in our SEC filings, as well as the new Board of Directors composition, and our appointment of Michael Gilbreth as CFO. We will continue our reorganization effort to strengthen our balance sheet and streamline our business model to focus on our core strength in the Tier-1 specialty PV markets with high entry barriers like the space and near-space, aviation (drones), military, 1st Responders and emergency power markets. The Company has made significant progress in these high-value markets, and we will continue to sharpen our focus in such areas where Ascent is truly at the forefront of the competition. Most notably, Ascent’s superlight thin-film modules were selected and launched by NASA Marshall Space Flight Center to the International Space Station on November 17, 2018 as part of the MISSE-X flight experiment, as well as selection for further participation in two upcoming flight demonstrations – the Lightweight Integrated Solar Array and anTenna (LISA-T) project and the Solar Cruiser solar sail project. Other notable milestones include our continuous development effort with JAXA (Japan Aerospace Exploration Agency)’s SolarPowerSail project utilizing Ascent’s superlight thin-film modules, as well as multiple other private agencies’ selection of our PV technology for further testing and evaluation for deep space missions. Great progress was also made in the defense and emergency power market, which we believe will add to revenue growth in 2022 and beyond. We are optimistic and certainly look forward to stronger years ahead, as our high-value PV market focus begins to take shape. We will update our shareholders as we make continued progress.”
Microcapdaily has been reporting on ASTI for years since the stock was well below the $0.01 mark. More recently we reported on Bernd Förtsch gaining a controlling interest in the Company and all the big things that have been happening here since. Bernd Förtsch is a German entrepreneur and publisher. He is the founder and owner of the Kulmbach- based Börsenmedien AG, which publishes, among other things, the stock exchange and financial magazines The Shareholder and The Investor. In addition, Bernd Förtsch is founder and owner of Aktionär TV AG and founder of the online broker flatex . Förtsch achieved notoriety above all in the context of the stock market euphoria of the Neuer Markt. Mr. Förtsch is 60,3% owner of TubeSolar AG and he holds stakes in Companies such as BF Holding GmbH, Deposit Solutions GmbH, Flatex AG, the biggest online broker in Europe, valued at 1.2 billion Euros, Flatex Bank AG, Börsenmedien AG, Coreo AG, Fintech Group AG and many more.
https://twitter.com/nick_garzona/status/1394046793801818117
To Find out the inside Scoop on ASTI Subscribe to Microcapdaily.com Right Now by entering your Email in the box below

On March 1 ASTI announced it has been selected by NASA’s Marshall Space Flight Center in Huntsville, Alabama, for participation in two upcoming flight demonstrations – the Lightweight Integrated Solar Array and anTenna (LISA-T) project and the Solar Cruiser solar sail project. Ascent’s flexible, ultra-lightweight, monolithically-integrated photovoltaics (PV) are based on the copper-indium-gallium-selenium (CIGS) chemistry and could benefit various future missions, ranging from CubeSats, solar sails, and potentially for missions to the moon and Mars. In order to obtain the necessary data to determine how flexible CIGS performs in the space environment, Ascent’s PV module has been undergoing extensive evaluation for years, including protracted and demanding ground simulation test and, most recently, as a part of the 10th Materials International Space Station Experiment (MISSE-X) flight experiment aboard the International Space Station that was launched on November 17, 2018 for a duration of over 1 year. The upcoming LISA-T demonstration, part of NASA’s Pathfinder Technology Demonstrator 4 CubeSat slated for launch in 2022, will also include Ascent’s flexible CIGS as part of its further photovoltaic experiment.
On May 17 ASTI announced it has completed the delivery of a major contract for its HyperLight thin-film modules for high altitude airship applications. The HyperLight family of modules further reduces packaging and PV module mass, achieving best-in-class power-to-weight ratio (Specific Power) of over 350 W/kg for a fully laminated product on an airship, while streamlining customer operations to integrate the modules to their application.
The shipment represents the third and the largest order from the customer since March 2018. The customer is the developer of the world’s most advanced unmanned, helium-filled airship operating in the stratosphere at an altitude greater than 60,000 feet above sea level. The robust, versatile and solar-powered high-altitude platform aims to provide several services, including to deliver high-speed internet directly-to-device, enable high-resolution real-time Earth imagery, and facilitate other humanitarian endeavors.
Ascent’s flexible, ultra-lightweight, monolithically-integrated photovoltaics (PV) are based on the copper-indium-gallium-selenium (CIGS) chemistry and will benefit various future missions, ranging from CubeSats, solar sails, and potentially missions to the moon and Mars. In order to obtain the necessary data to determine how flexible CIGS performs in the space environment, Ascent’s PV modules have been undergoing extensive evaluation for years, including protracted and demanding ground simulation test and, as a part of the 10th Materials International Space Station Experiment (MISSE-X) flight experiment aboard the International Space Station that was launched on November 17, 2018 for a duration of over one year. The upcoming LISA-T demonstration, part of NASA’s Pathfinder Technology Demonstrator 4 CubeSat slated for launch in 2022, will also include Ascent’s flexible CIGS as part of its further photovoltaic experiment.
ASTI CEO Victor Lee stated: “This contract is by far the single largest PV sales contract in the corporate history of Ascent Solar, which follows the success of multiple large shipments of such customized high-voltage superlight thin-film for high altitude applications. The contract is not only significant in value but also underscores the power of Ascent’s proprietary technology to address these rapidly emerging and growing premium PV markets. We hope that this contract is only the ‘tip of the iceberg’ as the project, if successfully launched, is expected to be rolled out on a much larger scale in the future.”
For More on ASTI Subscribe Right Now!
Ascent Solar Technologies, Inc. (OTCMKTS: ASTI) has been on the move over the past few months running from well under a penny to recent highs of $0.097 per share. The stock has quickly attracted legions of new shareholders and is transforming into a volume leader in small caps trading regularly trading $25 million plus in daily dollar volume. ASTI has emerged in recent months as an investors favorite and is currently among the most actively searched and talked about stocks in small caps. ASTI is looking to blaze a path along the likes of Enzolytics or Tesoro and break out into a whole new dimension – Tesoro went to multi dollars – a break over $0.097 and its blue skies ahead. ASTI is quickly emerging as the darling of small caps ever since the Company received a $2.5 million investment from Bernd Fortsch via Crowdex and TubeSolar AG, a well-known German entrepreneur worth hundreds of millions of euros who has now become the controlling shareholder. Mr. Fortsch has quickly brought on a top-level management team of major international executives including Michael Gilbreth as CFO and Will Clarke as class 2 director. ASTI is ex Nasdaq and as we have reported many times these ex big boards have a long history of historic moves once trading in small caps especially the OTC bulletin board. ASTI an early pioneer in Flexible Solar Modules could not be in a stronger position as Solar Energy is currently seeing an enormous global boost. We will be updating on ASTI as events unfold so make sure you are subscribed to Microcapdaily so you know what is going on with ASTI.
Disclosure: we hold no position in ASTI either long or short and we have not been compensated for this article.
elliottjarrell
May 19, 2021 at 2:08 pm
Spot on with this write-up, I honestly think this site needs far more attention. I?ll probably be returning to read through more, thanks for the advice!
Rio
May 20, 2021 at 11:22 pm
This is such a great pick with huge upside potential. Anticipating massive moves from Ascent Solar. The business is literally just getting started!
Julius Trachtenberg
May 23, 2021 at 10:25 pm
I think the BS is getting deep. What happened that caused that drop from the .09 level. Recently I tried to call you and wasn’t important in your estimation enough to get a return call. Like to know how a .o2 company is supplying important equipment as you imply in the area of space technology.
scott arend
June 16, 2021 at 11:34 am
they already have supplied NASA and the JAE with their solar film there have been numerous reports of this by NASA and was even futures on the key launch of LISA. There are also pics of ASTI solar film panels in space right now.
Dean
June 3, 2021 at 2:07 pm
@Julius Trachtenberg. Is it #ADBDorBS ?
After four years of disappointments and lackluster growth, It is either “ADBD: Always Darkest Before Dawn” or it is straight up BS that management and pundits are serving up to give them enough time to bail out before ASTI is dead.
10Q for 21Q1 says “there is uncertainty regarding the Company’s ability to maintain liquidity sufficient to operate its business effectively, which raises doubt as to the Company’s ability to continue as a going concern.”
@DDeanAI