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Ascent Solar +14.5% on Q4 pre-announcement

Feb. 19, 2015 9:17 AM ETAscent Solar Technologies, Inc. (ASTI) StockBy: Eric Jhonsa, SA News Editor3 Comments
  • Ascent Solar (OTCPK:ASTI) reports it had Q4 revenue of $2.4M, up 118% Q/Q and roughly 4x Y/Y. The EnerPlex mobile accessory line (includes solar-powered products) saw revenue grow to $2.3M from $1M in Q3 and $500K a year earlier. Full-year revenue was $5.3M, up from 2013's $1.3M.
  • Ascent expects EnerPlex sales to "continue to grow rapidly as we continue to expand our distribution channels domestically and internationally," and also forecasts further growth for its high-value solar products.
  • Though still far below a 52-week high of $8.30, shares have risen to their highest levels since early December.

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