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Tuesday, November 29, 2022

The Gloves Come Off on Ascent Solar Technologies, Inc. (OTCMKTS:ASTI)

Ascent Solar Technologies, Inc. (OTCMKTS:ASTI) hit the OTC in recent days after being delisted by the NASDAQ stock exchange on February 26. The stock has quickly emerged as a volume leader and one of the most exciting stocks on the entire exchange.

OTC speculators love ex big board stocks for their ready liquidity and proven ability to make spectacular moves once on the bb’s and ASTI certainly has potential; this is a company that manufactures battery and solar integrated phone cases designed for Apple and Samsung smartphones that recently announced record revenues as well as a major breakthrough in power-to-weight ratio for its superlight solar module.

Ascent Solar Technologies, Inc. (OTCMKTS:ASTI) is a solar company that manufactures solar integrated consumer products as well as portable power charging solutions. ASTI products are sold through the brand name EnerPlex online, through retail and a network of kiosks.

ASTI is the developer of award winning thin-film CIGS solar modules that are more flexible, versatile and rugged than traditional solar panels. They use plastic as their substrate rather than glass that’s used by tradition rooftop solar panels. The Company diversified into consumer goods as they could not compete with the low-cost Chinese solar panels in the traditional electricity generating segment.

Last month ASTI announced it has achieved a major breakthrough in power-to-weight ratio for its superlight solar module, delivering over 1700 watts of power per kilogram, operating at AM0, technically known as the space environment. At this performance, Ascent’s superlight module would weigh 66% less than a comparable PV system using the highest-quality crystalline silicon and with far less design complexity. The elimination of two-thirds of the weight is a critical improvement for satellites, space vehicles and space stations.

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For space and near-space applications, power-to-weight ratio is a key performance metric. In addition to simplicity, our modules could dramatically impact cost. Depending on the application, such as low earth orbit all the way to manned flights, including contemplated missions to Mars, the fully burdened cost can be anywhere from thousands of dollars to $1 Million per pound for a space launch. By creating this superior module with the best power-to-weight ratio of any available product, Ascent has enabled entrance into the rapidly growing space and near space markets.

Also on February 1 ASTI announced preliminary fourth quarter and full year revenue results for the period ended December 31, 2015. ASTI posted its highest recorded quarterly net revenue of $2.4M in the fourth quarter of 2015, an approximately 90% increase over third quarter of $1.25M. On a full year basis, the Company reported net revenue of $6.5M, a growth of approximately 23% over 2014. Specifically, the EnerPlex(TM) brand consumer product line continued to realize growing consumer acceptance, contributing nearly the entirety of the fourth quarter revenue and approximately 90% of the full year 2015 revenue.

CEO Victor Lee said ”We have laid a very strong foundation for revenue growth heading into 2016. In particular, the achievement of the listing of our products with the GSA after a full year of hard work, and our expanded retail networks should support our continued growth well. We remain extremely confident in the Company’s transformation, which began in the second half of 2012 and was demonstrated by the impressive CAGR of 122% achieved since 2013, the de facto first full-year of operations in our EnerPlex division and new consumer focused strategy. We are very optimistic and certainly look forward to a much stronger 2016 and beyond; as our high-value PV market focus, especially in the military, aviation (drones), and near-space applications begin to take shape.”

One of the problems of ASTI thin-film CIGS solar modules is that they are not suitable for the rooftop and ground mounted solar business where most of the money is at. Company’s such as SunEdison and Canadian Solar are generating millions in profits using traditional rigid crystalline panels. ASTI is also facing mounting competition from crystalline silicon technology, which is both cheaper and efficient. One possible niche for ASTI is BIPV (Building Integrated Photovoltaics) applications. ASTI Wavesol solar modules are perfect for the facades of buildings, skylights or anywhere else traditional solar panels cannot be installed.

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Currently trading at a $10 million market valuation ASTI biggest problem by far is massive dilution that has continued to plague shareholders. The Company recently completed a $7 million designated Series F 7% Convertible Preferred Stock offering to existing investor Redwood Management LLC. But there is plenty to get excited about on ASTI; as I said this is a company that manufactures battery and solar integrated phone cases designed for Apple and Samsung smartphones that recently announced record revenues as well as a major breakthrough in power-to-weight ratio for its superlight solar module. To be sure these ex big board stocks have a long history of big moves once on the bb’s and ASTI has all the elements in place to make one of its own. 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.

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Disclosure: we hold no position in ASTI either long or short and we have not been compensated for this article.

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3 COMMENTS

  1. This stock has amazing potential with both long and short positions. They are technologically leaders in their field, especially with thin filmed solar. I can’t figure out what is going on behind the scenes to hold this stock back from a strong run.

  2. I have had this stock for while waiting for it to take off, how can it be delisted???
    Something very shady going on?

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