Ascent Solar Technologies (NASDAQ:ASTI) Coverage Initiated by Analysts at HC Wainwright

Stock analysts at HC Wainwright started coverage on shares of Ascent Solar Technologies (NASDAQ:ASTI) in a report issued on Thursday, MarketBeat.com reports. The firm set a “buy” rating and a $20.00 price target on the stock. HC Wainwright’s price objective would indicate a potential upside of 302.41% from the stock’s previous close.

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Ascent Solar Technologies in a research report on Monday. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $20.00.

Ascent Solar Technologies Stock Performance

Shares of NASDAQ ASTI opened at $4.97 on Thursday. Ascent Solar Technologies has a 52 week low of $1.10 and a 52 week high of $9.87. The stock has a market capitalization of $47.03 million, a P/E ratio of -1.50 and a beta of 1.28. The stock’s fifty day moving average is $5.22 and its 200 day moving average is $4.05.

Ascent Solar Technologies (NASDAQ:ASTI) last issued its quarterly earnings results on Friday, March 20th. The company reported ($0.40) EPS for the quarter. Ascent Solar Technologies had a negative return on equity of 261.07% and a negative net margin of 10,041.03%.The company had revenue of $0.02 million during the quarter.

Institutional Trading of Ascent Solar Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in ASTI. Founders Financial Securities LLC bought a new stake in shares of Ascent Solar Technologies during the third quarter worth about $34,000. Geode Capital Management LLC grew its holdings in shares of Ascent Solar Technologies by 87.7% during the fourth quarter. Geode Capital Management LLC now owns 26,938 shares of the company’s stock worth $111,000 after purchasing an additional 12,588 shares during the last quarter. HRT Financial LP bought a new stake in shares of Ascent Solar Technologies during the fourth quarter worth about $208,000. Jane Street Group LLC bought a new stake in shares of Ascent Solar Technologies during the fourth quarter worth about $116,000. Finally, MYDA Advisors LLC bought a new stake in shares of Ascent Solar Technologies during the fourth quarter worth about $206,000. 10.55% of the stock is currently owned by institutional investors.

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).