Business Wire (Apr 9, 2014)
Business Wire (Mar 6, 2014)
Business Wire (Mar 6, 2014)
Business Wire (Feb 28, 2014)
Business Wire (Feb 11, 2014)
at CNBC.com (Oct 12, 2010)
at CNBC.com (Oct 11, 2010)
at CNBC.com (Oct 11, 2010)
at MarketWatch.com (Oct 11, 2010)
at CNBC.com (Oct 11, 2010)
Ascent Solar Technologies, Inc., is a development stage company. The Company was formed to commercialize flexible photovoltaic modules. It develops thin-film photovoltaic modules with substrate materials.
Thursday, Mar 65:41 PM
Tuesday, Jan 71:05 PM
Tuesday, Jan 71:05 PM| 5 Comments
- Solar stocks started 2014 with a bang, and are adding to their momentum today (TAN +4%) with the help of positive industry and company-specific news.
- The Chinese government, which last year set a 35GW 2015 cumulative installation target, is now promising additional support, and says it will draft guidelines for industry M&A. Consolidation with China's fragmented solar cell/module market could both lower overcapacity (already declining thanks to rising demand) and lead to further margin expansion.
- Yingli (YGE +8.7%) and Canadian Solar (CSIQ +7.4%), both of which saw huge 2013 gains, are today's biggest gainers. Yingli has announced it's forming a JV with state-owned China National Nuclear Corp. to create 500MW of utility-scale solar projects. Canadian has announced a deal to supply 25.3MW of modules for four North Carolina projects.
- Also: Hanwha (HSOL +4.6%) has signed an MOU to supply up to 50MW of modules to U.S. residential solar installer OneRoof Energy.
- Other gainers: FSLR +2.7% (hit by a Goldman downgrade yesterday). SUNE +4.4%. DQ +4.9%. CSUN +3.2%. JASO +5.5%. ENPH +6.8%. ASTI +3.8%. JKS +3%.
Thursday, Jan 29:29 AM
Thursday, Jan 29:29 AM| 2 Comments
- Six months after signing a "framework agreement" with the Suqian, China municipal government for the creation of a manufacturing JV, Ascent Solar (ASTI) has signed a "definitive agreement" with Suqian's government to create the JV. (PR)
- As previously announced, Suqian will invest $32.5M in the JV, which will produce Ascent's EnerPlex solar-powered accessories. Ascent will also get rent-free use of 331K sq. feet of factory/office space, a 5-year corporate tax holiday, and a 50% tax rebate over the following 5 years. Ascent will eventually be able to purchase 215K sq. feet of space at a "favorable price."
- Suqian will initially have a 75% stake in the JV, but Ascent will have a chance to up its stake to 80% in 2014, after providing IP and equipment. The JV is expected to run a facility with 25MW of manufacturing capacity by Q1 2016, and (if all goes well) create a 100MW facility within six years.
Monday, Dec 232013, 5:31 PM
Monday, Dec 232013, 5:31 PM| 5 Comments
- Ascent Solar (ASTI +5.8%) says it will launch its Surfr iPhone 5/5S case at CES (runs from Jan. 7-10). The company claims Surfr, which features both a battery and solar cells, doubles an iPhone's battery life. (PR)
- Shares moved three weeks ago after Ascent announced a Volvo pavillion would be powered by its solar cells.
Wednesday, Dec 42013, 11:05 AM
Wednesday, Dec 42013, 11:05 AM| Comment!
- Ascent's (ASTI +6.3%) solar modules will be used to power Volvo's Pure Tension Pavilion, which the automaker is using to show off its new V60 hybrid car. Thanks to Ascent's flexible panels, the pavilion can be use to charge a V60. (PR)
- Ascent rallied last week after announcing it plans to open three Southern California kiosks to promote its EnerPlex solar accessories.
Wednesday, Nov 272013, 11:37 AM
Wednesday, Nov 272013, 11:37 AM| Comment!
- Ascent Solar (ASTI +5.3%) has announced the opening of kiosks at three Southern California locations to promote its EnerPlex solar-powered accessories. (PR)
- The kiosk launches are meant to complement Ascent's efforts to expand the retail distribution of its EnerPlex line, via deals with retailers such as Wal-Mart, Target, and Radio Shack.
Wednesday, Oct 302013, 8:38 AM
Wednesday, Oct 302013, 8:38 AM| Comment!
- Ascent Solar Technologies (ASTI) closes a $5M Series B Preferred tranche from Ironridge Global Partners with the intent of closing a second $5M tranche after shareholders approve the issuance. (8-K)
- The first tranche is convertible at $1.50/common share (65% premium to yesterday's close) and pays a 5.75% dividend.
Monday, Oct 282013, 3:12 PM
Monday, Oct 282013, 3:12 PM| Comment!
- Ascent Solar Technologies (ASTI -8.4%) falls after releasing preliminary Q3 results.
- Management expects Q3 revenue of $275K, up 22% Q/Q but down 51% Y/Y. EnerPlex revenue more than doubled Q/Q to $238K while government R&D contract revenue declined more than 85%. The company expects to end the quarter with cash of $3.9M.
- The company sees government revenue swinging back in Q4 to above Q2 levels after a "delay in government funding" hurt Q3 results.
- CEO Victo Lee: "We believe the momentum in our EnerPlex product sales quarter over quarter validates our strategy of shifting towards a B2C business model."
Friday, Oct 42013, 9:12 AM
Thursday, Oct 32013, 10:25 AM
Thursday, Oct 32013, 10:25 AM| Comment!
- Ascent Solar (ASTI +23.5%) has skyrocketed after announcing Wal-mart is now selling its EnerPlex solar accessories. (PR)
- As is its custom, Wal-mart is selling the items at a discount. For example, Ascent's EnerPlex Surfr solar/battery-powered cases, which go for $69.99 on Fry's Electronics's site, are being sold for $56.88 on Wal-mart's site.
Wednesday, Sep 112013, 3:51 PM|Wednesday, Sep 112013, 3:51 PM| Comment!
Wednesday, Aug 212013, 1:06 PM
Wednesday, Aug 212013, 1:06 PM| 3 Comments
- Solar stocks, among the biggest standouts in a year that has been very good to many high-beta tech names, have staged a strong two-day rally in the wake of Trina's (TSL +13.2%) Q2 beat and guidance hike.
- Trina's numbers have sparked three upgrades, the most recent of which came today, courtesy of Cowen.
- Bloomberg notes Trina, SunPower (SPWR +4.3%), and JinkoSolar (JKS +5.6% - just announced a new 23MW supply deal) are all operating at full capacity, and thinking of expanding.
- S&P's Angelo Zino: "I think it’s safe to say that we’ll see a number of tier-one manufacturers add capacity, probably in 2014."
- That would be a positive for equipment suppliers such as AMAT, GTAT, and VECO, who have seen their solar orders plummet as module makers scramble to stabilize crashing prices and margins.
- Other names rising today: CSIQ +9.7%. SOL +6.7%. YGE +6.2%. JASO +4.2%. CSUN +5.4%. ASTI +5.1%. STP +3.8%. LDK +4.1%.
Thursday, Aug 82013, 5:01 PM
Thursday, Aug 82013, 5:01 PM| Comment!
- Ascent Solar (ASTI -7.3%) releases worrying Q2 results. (PR)
- EPS of -$0.15 misses by $0.03 (only 1 analyst covers the company).
- Revenue of $225K grew from $155K a year ago, but misses by $175K.
- Net loss accelerated to $7.1M from $6.4M in the previous quarter and $5.9M in Q2 2012.
- Ascent burned through $9.98M in cash during H1, and has $4M left as of June 30, or not even 2 quarters' worth (even after adding in $4M in series A funding not yet on the books). Unless revenue growth takes off or spending is significantly pared, a new capital raise seems inevitable. (10Q)
Wednesday, Aug 72013, 3:59 PM
Wednesday, Aug 72013, 3:59 PM| Comment!
- Ascent Solar (ASTI -9.2%) announces it has closed the second tranche of its Series A preferred stock offering. The maker of solar-powered accessories raised $3M on the sale of 375K preferred shares and 1.31M warrants exercisable at $0.90/share.
- Ascent expects to raise another $2M in a third tranche set to close in August.
- Previous: the company raised $1M in June from a private Asian investor in the first tranche of its Series A round. The total commitment from the three tranches is expected to be $6M. Ascent is issuing 7.5M preferred shares with a conversion option to common stock at a price of $0.80/share, and 2.625M 3-year warrants exercisable at $0.90/share.
- In conjunction to the closing of its capital raise, the company has filed to withdraw (Form RW) its previous common stock shelf registration, which proposed to offer up to 15.4M shares and raise $11.4M.
- Ascent shares are swooning in sympathy with First Solar and SunEdison, which are tanking following Q2 misses.
Wednesday, Aug 72013, 11:34 AM
Wednesday, Aug 72013, 11:34 AM| 2 Comments
- First Solar (FSLR -13.5%) is tanking following its Q2 miss and light 2013 guidance. Shares still +31% YTD and +253% from their June '12 low.
- No downgrades have come in yet. Analysts are largely defending the company, talking up the GE deal and focusing on the impact of project sale timings on Q2 results.
- Solar peers continue to dive (TAN -8.1%) thanks to First Solar and SunEdison's (I, II) results and guidance. SPWR -12.4%. TSL -7.5%. ASTI -7.1%. SCTY -5.5%. CSIQ -7.8%. SOL -9%. JASO -6.8%. LDK -6.5%.
- First Solar's Q2 module production totaled 388.9MW, +5% Q/Q and Y/Y. Its total cost/watt fell $0.02 Q/Q and $0.05 Y/Y to $0.67. 2013 guidance is for a cost of $0.63-$0.66.
- Capacity utilization is at 75%, flat Q/Q and +1200 bps Y/Y. Conversion efficiency +10 bps Q/Q and +40 bps Y/Y to 13%. 2013 lead-line exit guidance is at 14%.
- Expected future module shipments stand at 2.2GW, down from 2.6GW at the end of 2012 (900MW in YTD shipments offsetting 500MW in new bookings). Expected future revenue at $7.6B vs. $8B at end of 2012.
- CC transcript, slides, datasheet
Wednesday, Jul 102013, 9:11 AM
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