Ascent Solar Technologies (ASTI) AI Stock Analysis

• Market Cap: $2.85M
• Dividend Yield: N/A
• Average Volume (3M): 105.71K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.32
• Revenue Growth: -90.86%
• EPS Growth: 99.20%
• Country: US
• Employees: 16
• Sector: Technology
• Sector Strength: 64
• Industry: Solar
• EPS (TTM): -3.00
• Shares Outstanding: 1,705,984
• 10 Day Avg. Volume: 31,865
• 30 Day Avg. Volume: 105,709
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.00
• Price to Cash Flow (P/CF): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 1.65
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: -3.28
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

Ascent Solar Technologies faces considerable financial difficulties, with persistent losses and negative cash flows weighing heavily on its stock score. Technical analysis indicates a bearish trend with cautionary signals, while valuation metrics highlight unprofitability. Despite minor improvements in equity, the overall outlook remains unfavorable, demanding strategic measures for recovery.

Ascent Solar Technologies Business Overview & Revenue Model

Company Description

Ascent Solar Technologies, Inc. designs, manufactures, and sells copper-indium-gallium-diselenide photovoltaic products for aerospace, defense, emergency management, and consumer/OEM applications. It offers outdoor solar chargers. The company markets and sells its products through OEMs, system integrators, distributors, retailers, and e-commerce companies. Ascent Solar Technologies, Inc. was incorporated in 2005 and is based in Thornton, Colorado.

How the Company Makes Money

Ascent 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.

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.

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.

Breakdown
Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
458.26K	1.22M	607.78K	66.61K	638.38K
	Gross Profit
-1.43M	-788.67K	-1.29M	-107.97K	147.63K
	EBIT
-15.64M	-17.06M	-8.79M	547.62K	-3.25M
	EBITDA
-14.13M	-16.28M	-4.21M	5.46M	4.22M
	Net Income Common Stockholders
-17.07M	-19.75M	-6.92M	-4.89M	-14.56M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
1.05M	11.48M	5.96M	167.72K	0.00
	Total Assets
6.30M	18.68M	12.85M	7.37M	5.63M
	Total Debt
4.23M	10.08M	13.51M	19.42M	17.14M
	Net Debt
3.18M	-1.40M	7.54M	19.25M	17.14M
	Total Liabilities
7.83M	14.09M	15.68M	27.56M	30.74M
	Stockholders Equity
-1.53M	4.59M	-2.83M	-20.19M	-25.11M
Cash Flow		Free Cash Flow
-13.41M	-10.69M	-9.68M	-2.88M	-2.73M
	Operating Cash Flow
-9.54M	-10.51M	-9.40M	-2.88M	-2.72M
	Investing Cash Flow
-3.88M	-265.47K	-301.52K	254.44K	827.49K
	Financing Cash Flow
2.96M	16.29M	15.50M	2.80M	1.87M

Ascent Solar Technologies Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.67
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

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 1.67 is above the 20-day moving average (MA) of 1.44, below the 50-day MA of 1.68, and below the 200-day MA of 3.14, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 57.13 is Neutral, neither overbought nor oversold. The STOCH value of 91.26 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ASTI.

Ascent Solar Technologies Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	59 Neutral	$10.65B	10.45	-6.56%	3.01%	7.31%	-12.18%
SOL	46 Neutral	$65.69M	―	-3.99%	―	-12.04%	-39.46%
SPRU	40 Underperform	$35.98M	―	-39.70%	―	2.37%	-10.00%
VVPR	38 Underperform	$15.63M	―		―	-51.35%	-103.78%
FTCI	38 Underperform	$44.01M	―	-119.27%	―	-62.71%	11.58%
MAXN	33 Underperform	$50.76M	―	307.38%	―	-43.42%	-53.77%
ASTI	32 Underperform	$2.85M	―	-985.29%	―	-90.86%	99.20%