Ascent Solar Technologies (ASTI)
NASDAQ:ASTI
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Ascent Solar Technologies
(NASDAQ:ASTI)
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Rating:44Neutral
Price Target:
$4.00
▼(-5.44% Downside)
Action:ReiteratedDate:03/21/26
The score is primarily held down by extremely weak financial performance (near-zero revenue, ongoing losses, and persistent cash burn). Technical indicators also point to weak near-term momentum. Recent financing provides some liquidity support, but it does not offset the core operating and cash-flow challenges.
Positive Factors
Improved Capital Structure
Debt has fallen materially from prior years and the company reports positive equity in 2024–2025, which reduces short-term solvency risk and gives management more flexibility. A stronger capital structure improves runway and bargaining power with creditors, supporting durable operations if revenue recovers.
Negative Factors
Revenue Collapse
Revenues have effectively evaporated over several years, destroying scale and making it difficult to absorb fixed costs. Sustained near-zero sales undermines unit economics, weakens customer relationships, and makes any recovery dependent on securing new, material contracts—an uncertain, multi-month to multi-year process.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved Capital Structure
Debt has fallen materially from prior years and the company reports positive equity in 2024–2025, which reduces short-term solvency risk and gives management more flexibility. A stronger capital structure improves runway and bargaining power with creditors, supporting durable operations if revenue recovers.
Read all positive factors
Ascent Solar Technologies (ASTI) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$39.36M
Dividend YieldN/A
Average Volume (3M)786.61K
Price to Earnings (P/E)―
Beta (1Y)2.06
Revenue Growth36.85%
EPS Growth98.78%
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 Cap0.33
Enterprise Value/Revenue167.19
Enterprise Value/Gross Profit-17.18
Enterprise Value/Ebitda-1.77
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Ascent Solar Technologies Business Overview & Revenue Model
Company Description
Ascent Solar Technologies, Inc. (ASTI) is a leading manufacturer of innovative photovoltaic (PV) solar panels and related technologies. Specializing in lightweight, flexible solar solutions, the company primarily operates in the renewable energy s...
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
7
Very Negative
Balance Sheet
28
Negative
Cash Flow
10
Very Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 76.77K | 41.89K | 458.26K | 1.22M | 607.78K |
| Gross Profit | -747.16K | -106.48K | -1.43M | -788.67K | -1.29M |
| EBITDA | -7.25M | -7.91M | -14.13M | -16.28M | -4.21M |
| Net Income | -7.83M | -9.13M | -17.07M | -19.75M | -6.00M |
Balance Sheet | |||||
| Total Assets | 6.33M | 7.15M | 6.91M | 18.68M | 12.85M |
| Cash, Cash Equivalents and Short-Term Investments | 2.79M | 3.17M | 1.05M | 11.48M | 5.96M |
| Total Debt | 1.46M | 2.06M | 4.23M | 10.08M | 14.15M |
| Total Liabilities | 2.99M | 3.77M | 8.44M | 14.09M | 15.68M |
| Stockholders Equity | 3.34M | 3.38M | -1.53M | 4.59M | -2.83M |
Cash Flow | |||||
| Free Cash Flow | -6.94M | -8.42M | -13.41M | -10.69M | -9.68M |
| Operating Cash Flow | -6.90M | -8.42M | -9.54M | -10.51M | -9.40M |
| Investing Cash Flow | -107.02K | -421.00 | -3.88M | -265.47K | -301.52K |
| Financing Cash Flow | 6.63M | 10.55M | 2.96M | 16.29M | 15.50M |
Ascent Solar Technologies Technical Analysis
Negative
4.23
Price Trends
5.59
Negative
4.45
Negative
3.26
Positive
Market Momentum
-0.47
Negative
42.28
Neutral
56.08
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 4.23 is below the 20-day moving average (MA) of 4.61, below the 50-day MA of 5.59, and above the 200-day MA of 3.26, indicating a neutral trend. The MACD of -0.47 indicates Negative momentum. The RSI at 42.28 is Neutral, neither overbought nor oversold. The STOCH value of 56.08 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
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% | |
44 Neutral | $39.36M | -1.34 | -261.09% | ― | 36.85% | 98.78% | |
43 Neutral | $69.95M | -3.53 | -20.84% | ― | 37.59% | 72.94% | |
42 Neutral | $28.16M | -2.62 | -80.33% | ― | -54.56% | -133.60% | |
| ― | $33.60M | -0.84 | -99.17% | ― | -5.74% | 54.80% | |
40 Underperform | $35.33M | -6.49 | 0.21% | ― | 76.60% | 70.94% |
* Technology Sector Average
ASTI
Ascent Solar Technologies
4.07
2.71
199.26%
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Ascent Solar Technologies Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Ascent Solar Announces New Private Placement Financing Deal
Positive
Jan 26, 2026
On January 23, 2026, Ascent Solar Technologies entered into agreements with institutional and accredited investors for a private placement of 454,546 common shares, pre-funded warrants for 1,363,636 shares, and Series A and B warrants covering a c...
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.