Ascent Solar Technologies (ASTI)
NASDAQ:ASTI
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Ascent Solar Technologies
(NASDAQ:ASTI)
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Rating:42Neutral
Price Target:
$4.50
▲(6.38% Upside)
Action:Reiterated
Date:05/09/26
The score is weighed down primarily by very weak financial performance (tiny/volatile revenue, structurally negative margins, large recurring losses, and persistent cash burn). Technicals also lean bearish with price below key moving averages and a negative MACD. Valuation is not supportive because the company is loss-making (negative P/E) and there is no dividend yield data to offset risk.
Positive Factors
Niche flexible CIGS PV products
The company’s focus on lightweight, flexible CIGS modules targets structural niches (portable, specialty, form-factor constrained) where traditional panels can’t compete. That product differentiation can secure long-term, higher-value contracts and technical barriers to entry versus commoditized rooftop panels.
Negative Factors
Persistent cash burn
Ongoing negative operating and free cash flow indicates the business consumes capital to operate and grow. Over the coming months this forces reliance on external financing, dilutive recapitalizations, or cuts to R&D/sales that could impair long-term competitive positioning.
Read all positive and negative factors
Positive Factors
Negative Factors
Niche flexible CIGS PV products
The company’s focus on lightweight, flexible CIGS modules targets structural niches (portable, specialty, form-factor constrained) where traditional panels can’t compete. That product differentiation can secure long-term, higher-value contracts and technical barriers to entry versus commoditized rooftop panels.
Read all positive factors
Ascent Solar Technologies (ASTI) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$61.03M
Dividend YieldN/A
Average Volume (3M)786.61K
Price to Earnings (P/E)―
Beta (1Y)2.01
Revenue Growth117.83%
EPS Growth75.63%
CountryUS
Employees16
SectorTechnology
Sector Strength88
IndustrySolar
Share Statistics
EPS (TTM)N/A
Shares Outstanding9,461,887
10 Day Avg. Volume293,793
30 Day Avg. Volume786,613
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)3.15
Price to Sales (P/S)136.82
P/FCF Ratio-1.51
Enterprise Value/Market Cap0.18
Enterprise Value/Revenue97.93
Enterprise Value/Gross Profit-14.62
Enterprise Value/Ebitda-1.43
Forecast
1Y Price Target
$20.00Price Target Upside372.81% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Ascent Solar Technologies Business Overview & Revenue Model
Company Description
Ascent Solar Technologies, Inc. specializes in the development, production, and distribution of copper-indium-gallium-diselenide (CIGS) photovoltaic products. These solar energy solutions are engineered for diverse applications, spanning the aeros...
How the Company Makes Money
Ascent Solar Technologies primarily generates revenue by selling its thin-film CIGS photovoltaic products and related solutions. Key revenue streams include: (1) product sales of lightweight/flexible solar modules and integrated PV solutions to cu...
Ascent Solar Technologies Financial Statement Overview
Summary
Income Statement
9
Very Negative
Balance Sheet
38
Negative
Cash Flow
8
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 113.09K | 76.77K | 41.89K | 458.26K | 1.22M | 607.78K |
| Gross Profit | -757.46K | -119.56K | -106.48K | -1.43M | -788.67K | -1.29M |
| EBITDA | -7.73M | -7.15M | -7.91M | -14.13M | -16.28M | -4.21M |
| Net Income | -8.34M | -7.83M | -9.13M | -17.07M | -19.75M | -6.00M |
Balance Sheet | ||||||
| Total Assets | 19.75M | 6.33M | 7.15M | 6.91M | 18.68M | 12.85M |
| Cash, Cash Equivalents and Short-Term Investments | 16.07M | 2.79M | 3.17M | 1.05M | 11.48M | 5.96M |
| Total Debt | 1.30M | 1.46M | 2.06M | 4.23M | 10.08M | 14.15M |
| Total Liabilities | 3.00M | 2.99M | 3.77M | 8.44M | 14.09M | 15.68M |
| Stockholders Equity | 16.75M | 3.34M | 3.38M | -1.53M | 4.59M | -2.83M |
Cash Flow | ||||||
| Free Cash Flow | -8.23M | -6.94M | -8.42M | -13.41M | -10.69M | -9.68M |
| Operating Cash Flow | -8.20M | -6.90M | -8.42M | -9.54M | -10.51M | -9.40M |
| Investing Cash Flow | -309.05K | -107.02K | -421.00 | -3.88M | -265.47K | -301.52K |
| Financing Cash Flow | 22.32M | 6.63M | 10.55M | 2.96M | 16.29M | 15.50M |
Ascent Solar Technologies Technical Analysis
Positive
4.23
Price Trends
5.00
Positive
5.42
Positive
3.92
Positive
Market Momentum
0.76
Negative
52.97
Neutral
45.38
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ASTI, the sentiment is Positive. The current price of 4.23 is below the 20-day moving average (MA) of 5.82, below the 50-day MA of 5.00, and above the 200-day MA of 3.92, indicating a bullish trend. The MACD of 0.76 indicates Negative momentum. The RSI at 52.97 is Neutral, neither overbought nor oversold. The STOCH value of 45.38 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ASTI.
Ascent Solar Technologies Risk Analysis
Ascent Solar Technologies disclosed 31 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
49 Neutral | $29.08M | -1.46 | -73.50% | ― | -39.07% | 36.89% | |
44 Neutral | $47.58M | -3.47 | -11.11% | ― | 26.46% | 83.31% | |
42 Neutral | $61.03M | -6.17 | -127.38% | ― | 117.83% | 75.63% | |
| ― | $19.06M | -3.11 | -99.17% | ― | 119.26% | 65.50% | |
43 Neutral | $29.36M | -5.43 | 0.17% | ― | 309.46% | 71.91% |
* Technology Sector Average
ASTI
Ascent Solar Technologies
6.45
4.82
295.71%
BEEM
Beam Global
1.31
-0.23
-14.94%
SPRU
Spruce Power Holding
2.59
0.69
36.32%
TURB
Turbo Energy, S.A. Sponsored ADR
1.73
-0.63
-26.69%
SMXT
SolarMax Technology, Inc.
0.52
-0.61
-54.34%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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.