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Ascent Solar (ASTI) +10.5% AH on news it's building a Chinese plant to make thin-film solar...

Ascent Solar (ASTI) +10.5% AH on news it's building a Chinese plant to make thin-film solar modules for use in its EnerPlex accessory line, courtesy of a JV with the government of the city of Suqian. Ascent, which will have a majority stake of "up to 80%," will contribute its IP, $1.6M, and equipment, and the government will provide $32.5M and rent-free use of a 270K sq. foot facility (expandable to 1M). The JV is also being given a "multi-year corporate tax holiday" and other perks, and Ascent will have the right to buy the plant at construction cost at any time in the first 5 years. The project is set to have 3 phases spread out over 6 years.
Comments (3)
  • cooldoggi
    , contributor
    Comments (8) | Send Message
    I have through their many news releases and nothing pans out there is many phone solar charges out there and this is a six year deal (SHOW ME THE MONEY)
    9 Jul 2013, 06:25 PM Reply Like
  • Mukticat
    , contributor
    Comments (1076) | Send Message
    Thank god! They desperately need more capacity to add to their two already unused factories they built (for $110M) in Colorado. After all they're selling product at an annual revenue run-rate of over $600,000! Plus they've only burned up a quarter BILLION dollars in investor equity.


    They just need a reverse split to get the number of shares below 100M again and we're in business (going nowhere)!
    9 Jul 2013, 06:37 PM Reply Like
  • The Aristos
    , contributor
    Comments (58) | Send Message
    Dead in the water for sure. The only hope for this stock is ASTI being acquired.
    10 Jul 2013, 10:55 AM Reply Like
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