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Ascent Solar Technologies, Inc. Common Stock (ASTI)



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Upturn Advisory Summary
09/16/2025: ASTI (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type Stock | Historic Profit -26.84% | Avg. Invested days 14 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 5.88M USD | Price to earnings Ratio 0.08 | 1Y Target Price 3 |
Price to earnings Ratio 0.08 | 1Y Target Price 3 | ||
Volume (30-day avg) - | Beta 2.25 | 52 Weeks Range 1.10 - 12.00 | Updated Date 06/29/2025 |
52 Weeks Range 1.10 - 12.00 | Updated Date 06/29/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 41.49 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin - | Operating Margin (TTM) -11177.87% |
Management Effectiveness
Return on Assets (TTM) -87.49% | Return on Equity (TTM) -60834.71% |
Valuation
Trailing PE 0.08 | Forward PE - | Enterprise Value 5525714 | Price to Sales(TTM) 113.19 |
Enterprise Value 5525714 | Price to Sales(TTM) 113.19 | ||
Enterprise Value to Revenue 106.43 | Enterprise Value to EBITDA -444.8 | Shares Outstanding 1813780 | Shares Floating 1617579 |
Shares Outstanding 1813780 | Shares Floating 1617579 | ||
Percent Insiders 10.76 | Percent Institutions 0.74 |
Upturn AI SWOT
Ascent Solar Technologies, Inc. Common Stock

Company Overview
History and Background
Ascent Solar Technologies, Inc. was founded in 1995. It has focused on developing and manufacturing flexible thin-film solar modules using copper-indium-gallium-selenium (CIGS) technology.
Core Business Areas
- Aerospace and Defense: Production of lightweight and flexible solar panels for aerospace and military applications, including powering drones, satellites, and portable power solutions.
- Consumer and Off-Grid: Development of solar solutions for consumer products, such as portable chargers, and off-grid power applications.
- Government Contracts: Provides power solutions to government entities for specialized applications.
Leadership and Structure
The leadership team typically consists of a CEO, CFO, CTO, and VP of Sales and Marketing. The organizational structure is functional, with departments focused on R&D, manufacturing, sales, and administration.
Top Products and Market Share
Key Offerings
- FlexiCIS Solar Modules: Flexible, lightweight solar panels using CIGS technology. Market share data is difficult to obtain due to fragmented nature of specialty solar markets, but are a prominent player in high power-to-weight applications. Competitors include SolAero Technologies and Alta Devices (now part of Hanwha).
- Integrated Solar Solutions: Complete solar power solutions for various applications. Market share data is difficult to obtain, but revenue generated for 2023 was $3.9 million. Competitors include Alta Devices.
Market Dynamics
Industry Overview
The solar energy industry is experiencing rapid growth, driven by increasing demand for renewable energy. The flexible solar panel segment is a niche market with applications in aerospace, defense, and portable electronics.
Positioning
Ascent Solar positions itself as a provider of high-performance, lightweight solar solutions for specialized applications. Its competitive advantages lie in its flexible CIGS technology and experience in niche markets.
Total Addressable Market (TAM)
The TAM for flexible solar panels is estimated in the billions of dollars, especially with growth in drones, satellites, and portable power. Ascent Solar is targeting specific high-value applications within this TAM.
Upturn SWOT Analysis
Strengths
- Flexible CIGS technology
- Lightweight and durable
- Experience in niche markets
- Strong focus on R&D
Weaknesses
- Limited production capacity
- High production costs
- Dependence on niche markets
- History of net losses
Opportunities
- Growing demand for flexible solar panels in aerospace and defense
- Expanding applications in portable electronics
- Partnerships with drone and satellite manufacturers
- Government contracts and funding
Threats
- Competition from other solar technologies
- Price pressure from traditional silicon solar panels
- Technological advancements by competitors
- Economic downturns
Competitors and Market Share
Key Competitors
- SEDG
- ENPH
- FSLR
Competitive Landscape
Ascent Solar faces intense competition. It is a very small player, needing to grow its market share.
Growth Trajectory and Initiatives
Historical Growth: Historical growth has been inconsistent due to the niche nature of the market and financial constraints.
Future Projections: Future growth is dependent on securing significant contracts, expanding production capacity, and achieving profitability. Analyst estimates vary widely.
Recent Initiatives: Recent initiatives include expanding its partnerships with drone manufacturers and securing government contracts. Restructuring debt is also a focus.
Summary
Ascent Solar Technologies operates in a niche market for flexible solar panels. It faces challenges due to limited production capacity and financial constraints. Securing significant contracts and achieving profitability are critical for future growth. It is a weak company financially with strong technical potential.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Financial Statements
- Analyst Reports
- Industry Publications
Disclaimers:
The data and analysis provided are for informational purposes only and should not be considered investment advice. Market share estimates are approximate and may vary.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Ascent Solar Technologies, Inc. Common Stock
Exchange NASDAQ | Headquaters Thornton, CO, United States | ||
IPO Launch date 2006-07-11 | President, CEO & Director Mr. Paul P. Warley Jr. | ||
Sector Technology | Industry Solar | Full time employees 16 | Website https://ascentsolar.com |
Full time employees 16 | Website https://ascentsolar.com |
Ascent Solar Technologies, Inc., a solar technology company, engages in the manufacture and sale of photovoltaic solar modules in the United States. The company's technology provides renewable power solutions to high-value production and specialty solar markets, including space power beaming, aerospace, satellites, near earth orbiting vehicles, fixed wing unmanned aerial vehicles, and agrivoltaics. It markets and sells its products through direct customers, distributors, retailers, OEMs, system integrators and value-added resellers. Ascent Solar Technologies, Inc. was incorporated in 2005 and is based in Thornton, Colorado.

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