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Ascent Solar Technologies (ASTI)
NASDAQ:ASTI
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Ascent Solar Technologies
(NASDAQ:ASTI)
31Underperform
Ascent Solar Technologies (ASTI) vs. S&P 500 (SPY)
Market Cap
$1.87M
Dividend YieldN/A
Average Volume (3M)88.86K
Price to Earnings (P/E)―
Beta (1Y)1.38
Revenue Growth-90.46%
EPS Growth89.71%
CountryUS
Employees16
SectorTechnology
Sector Strength44
IndustrySolar
Share Statistics
EPS (TTM)-322.59
Shares Outstanding1,324,804
10 Day Avg. Volume236,305
30 Day Avg. Volume88,862
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)53.38
Price to Cash Flow (P/CF)-0.30
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
Ascent Solar Technologies Business Overview & Revenue Model
Company DescriptionAscent Solar Technologies (ASTI) is a leading provider in the solar energy sector, specializing in the development and manufacturing of cutting-edge, flexible, and lightweight photovoltaic modules. The company's core products include its proprietary thin-film solar technology, designed to deliver high-performance energy solutions for a range of applications such as aerospace, defense, consumer electronics, and off-grid power systems.
How the Company Makes MoneyAscent Solar Technologies generates revenue primarily through the sale of its innovative photovoltaic modules. The company's key revenue streams include direct sales to businesses and government agencies, as well as strategic partnerships with manufacturers and technology integrators that incorporate Ascent's solar products into their own offerings. Additionally, ASTI engages in research and development collaborations and may receive government grants or contracts that support its technological advancements. The company's flexible thin-film technology, which can be customized and adapted to various uses, is a significant factor contributing to its earnings potential.
Ascent Solar Technologies Financial Statement Overview
Summary
Ascent Solar Technologies faces substantial financial challenges across all verticals. The income statement reflects operational inefficiencies and cost management issues, leading to persistent losses. The balance sheet is burdened by high debt levels and negative equity, which could limit future financing options. Cash flow from operations is negative, highlighting liquidity concerns and reliance on external financing. Strategic improvements are necessary to enhance financial health and ensure long-term viability.Income Statement
Ascent Solar Technologies faces significant challenges in improving its financial performance. The company has consistently reported negative gross profit margins and net profit margins over the years, indicating difficulty in managing costs relative to revenue generation. Revenue has shown a declining trend, with the most recent TTM period displaying a drastic reduction. The EBIT and EBITDA margins are also negative, reflecting operational inefficiencies and high fixed costs.10
Very Negative
Balance Sheet
The balance sheet of Ascent Solar Technologies shows high financial leverage with a debt-to-equity ratio indicating significant reliance on debt financing. Although the equity ratio has slightly improved recently, the company continues to operate with negative equity, which poses a risk to financial stability. Return on equity remains negative due to continued net losses.15
Very Negative
Cash Flow
Cash flow analysis reveals a challenging liquidity position, with operating cash flows consistently negative. Although there was an improvement in free cash flow in the latest TTM period, cash flows remain insufficient to cover net income, indicating potential liquidity issues. The company’s reliance on financing activities for cash inflow indicates a need for raising external capital to sustain operations.20
Very Negative
| Breakdown | |||||
| TTM | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 44.67K | 458.26K | 1.22M | 607.78K | 66.61K | 638.38K | Gross Profit |
| -526.22K | -1.43M | -788.67K | -1.29M | -107.97K | 147.63K | EBIT |
| -8.37M | -15.64M | -17.06M | -8.79M | 547.62K | -3.25M | EBITDA |
| -11.63M | -14.13M | -16.28M | -4.21M | 5.46M | 4.22M | Net Income Common Stockholders |
| -12.84M | -17.07M | -19.75M | -6.92M | -4.89M | -14.56M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 51.62M | 1.05M | 11.48M | 5.96M | 167.72K | 0.00 | Total Assets |
| 164.51M | 6.30M | 18.68M | 12.85M | 7.37M | 5.63M | Total Debt |
| 8.01M | 4.23M | 10.08M | 13.51M | 19.42M | 17.14M | Net Debt |
| -22.35M | 3.18M | -1.40M | 7.54M | 19.25M | 17.14M | Total Liabilities |
| 15.88M | 7.83M | 14.09M | 15.68M | 27.56M | 30.74M | Stockholders Equity |
| 148.63M | -1.53M | 4.59M | -2.83M | -20.19M | -25.11M |
| Cash Flow | Free Cash Flow | ||||
| -9.12M | -13.41M | -10.69M | -9.68M | -2.88M | -2.73M | Operating Cash Flow |
| -9.10M | -9.54M | -10.51M | -9.40M | -2.88M | -2.72M | Investing Cash Flow |
| -13.82K | -3.88M | -265.47K | -301.52K | 254.44K | 827.49K | Financing Cash Flow |
| 10.59M | 2.96M | 16.29M | 15.50M | 2.80M | 1.87M |
Ascent Solar Technologies Technical Analysis
Negative
1.41
Price Trends
2.07
Negative
2.40
Negative
4.06
Negative
Market Momentum
-0.13
Positive
32.47
Neutral
25.94
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ASTI, the sentiment is Negative. The current price of 1.41 is below the 20-day moving average (MA) of 1.75, below the 50-day MA of 2.07, and below the 200-day MA of 4.06, indicating a bearish trend. The MACD of -0.13 indicates Positive momentum. The RSI at 32.47 is Neutral, neither overbought nor oversold. The STOCH value of 25.94 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ASTI.
Ascent Solar Technologies Risk Analysis
Ascent Solar Technologies disclosed 32 risk factors in its most recent earnings report. Ascent Solar Technologies reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Ascent Solar Technologies Peers Comparison
Overall Rating
UnderperformOutperform
Sector (57)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | $13.63B | 10.52 | 17.62% | ― | 26.75% | 55.24% | |
68 Neutral | $8.17B | 83.51 | 11.30% | ― | -41.92% | -76.24% | |
57 Neutral | $20.97B | 10.32 | -14.01% | 2.49% | 4.46% | -23.38% | |
53 Neutral | $610.79M | 17.06 | 1.34% | ― | -21.68% | -99.75% | |
51 Neutral | $931.70M | ― | -116.01% | ― | -68.86% | -4917.87% | |
46 Neutral | $1.34B | ― | -73.12% | ― | -9.83% | -71.44% | |
31 Underperform | $1.87M | ― | -6130.67% | ― | -90.46% | 89.71% |
* Technology Sector Average
Performance Comparison
ASTI
Ascent Solar Technologies
1.41
-38.00
-96.42%
CSIQ
Canadian Solar
8.65
-11.06
-56.11%
ENPH
Enphase Energy
62.05
-56.24
-47.54%
FSLR
First Solar
126.43
-45.44
-26.44%
SEDG
SolarEdge Technologies
16.18
-54.78
-77.20%
RUN
Sunrun
5.86
-6.88
-54.00%
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.