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Ascent Solar Technologies, Inc. (ASTI)

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0.0213-0.0007 (-3.18%)
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Previous Close0.0220
Open0.0210
Bid0.0000 x 0
Ask0.0000 x 0
Day's Range0.0202 - 0.0220
52 Week Range0.0001 - 0.0970
Volume38,409,169
Avg. Volume112,641,090
Market Cap390.761M
Beta (5Y Monthly)2.12
PE Ratio (TTM)
EPS (TTM)0.0000
Earnings DateApr 14, 2020 - Apr 20, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est3.00
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  • Major Boost for Thin-film Solar Research and Development Funding Included in FY2021 Appropriations Package
    GlobeNewswire

    Major Boost for Thin-film Solar Research and Development Funding Included in FY2021 Appropriations Package

    THORNTON, CO, March 29, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire – Ascent Solar Technologies, Inc. (OTC-PK: ASTI), a developer and manufacturer of state-of-the-art, lightweight and flexible thin-film photovoltaic (PV) solutions (“Ascent” or the “Company”), announces that the Company could receive significant support as part of H.R. 133, the Coronavirus Response and Relief Supplemental Appropriations Act, specifically potential allocation of the Department of Energy (“DOE”) Research and Development (R&D) Funding for the type of innovative, US-made PV technology that Ascent manufactures for the Space, Aerospace, Defense, Disaster Recovery, and Transportation sectors. The provision, known as the Energy Act of 2020, was championed by Congressman Ed Perlmutter (CO-07) in the package passed in December 2020 which included COVID relief measures as well as all 12 FY 2021 appropriations bills. The provision will ensure DOE expands research, development and demonstration (RD&D) of emerging renewable technologies like thin-films and perovskites for solar energy. The passage of this legislation, coupled with the announcement on March 25th by Secretary of Energy Jennifer Granholm that the Biden Administration is committed to spending $128 Million on technologies including perovskite solar cells, holds exciting potential for the future. Ascent is collaborating with the National Renewable Energy Laboratory (NREL) in R&D on a “tandem junction” cell using Ascent’s commercially-produced CIGS in conjunction with a perovskite cell to create a low-cost, high-efficiency cell that could be used in a wide variety of applications. Ascent has been working closely with Congressman Ed Perlmutter’s (CO-07) office to help reinforce the benefit that domestic Green Energy companies such as Ascent are able to provide to the State of Colorado and to the national interest in the Commercial, Federal, and Defense sectors. Congressman Perlmutter’s leadership in the House Science, Space and Technology Sub-Committee (SS&T) and Space & Aeronautics Sub-Committee has given him a unique perspective in the value that R&D in the Renewable Energy field can provide, especially in Colorado where there is a heavy Federal and Commercial presence. Historically, DOE has funded approximately $300 Million annually for R&D works relating to Solar Energy. Prior to the passage of H.R. 133, these funds were earmarked specifically for R&D works relating to crystalline-silicon based technologies (c-Si) most commonly seen in utility projects and/or Building-applied Photovoltaic (BAPV), such as “rooftop” or “solar farm” installations. While this has helped achieve utility-scale PV at a price that is now often less expensive than that of fossil-fuels, it has neglected to provide a technological pathway for the increase in R&D for mission-critical sectors such as Space, Aerospace, Defense and Disaster Recovery, that have to rely on “off-grid” power and which have a high-degree of mobility factor. Coupled with the recent increase in telecommunications capability offered by 5G networking technology and the increasing promise of Internet-of-Things (IoT) applications, the need for off-grid and mobility power is expected to surpass that of grid-based power in the coming decade. The language included in the Bill now provides specific call-outs for “advanced PV and thin-film devices”, “new materials…such as perovskites.”, “transformational technologies for harnessing solar energy”, “…applications such as agricultural, transportation…” and “to increasing domestic production and manufacturing of solar energy technologies”. These are areas in which Ascent fits right in and possesses a distinctive and sustainable competitive advantage. “We are honored that the extraordinary effort Ascent and Congressman Perlmutter’s office have jointly undertaken has been validated through the inclusion of language in this historic legislation” stated Joe Kigin, CRO and SVP of Government Relations for Ascent. “So much of the focus in Solar R&D has in the past gone to the c-Si technologies, the production of which predominantly occurs offshore and leaving the US confronted with multiple risks. With this legislative progress we will be more well-positioned to work with NASA, the US Defense of Department (DoD), the Department of Homeland Security (DHS), and the many commercial companies that support these agencies, to achieve enhanced operational efficiency and resilience to support the critical missions that will lead to the next great era of American technological achievement.” “We look forward to continuing to work with Congressman Perlmutter in transforming the R&D effort necessary for achieving the mission-critical operational energy needs that our lightweight, flexible CIGS PV can provide to our clients,” said Victor Lee, President and CEO of Ascent Solar. “Developing state-of-the-art and potentially disruptive PV technology capable of integrating seamlessly into Spacecraft, Unmanned Aerial Vehicles (UAV’s), rugged portable power for the front-line Warfighters and First Responders and their IoT-connected devices, separates Ascent from the competition and puts us in a very unique position to lead in the industry especially these developing premium markets.” “This will help support the research, development and demonstration of cutting-edge solar technologies as well as support local Colorado businesses and the National Renewable Energy Laboratory (NREL) in Golden, Colorado,” said Congressman Perlmutter. “These technologies will help improve the efficiency, reliability and affordability of advanced energy systems across the country and help secure a cleaner energy future for our country.” ABOUT CONGRESSMAN PERLMUTTER Congressman Ed Perlmutter represents Colorado’s 7th Congressional District, encompassing Adams and Jefferson counties. Ed was first elected to Congress in 2006 where he has remained focused on creating policies that support the hardworking folks in the middle and expanding Colorado’s role and economic development opportunities in the aerospace industry and renewable energy sector. In the 117th Congress, Ed serves on four committees in the House: Financial Services; Science, Space and Technology; Rules; and the Select Committee on the Modernization of Congress. Previously, Ed served in the Colorado State Senate where he garnered the reputation as a bipartisan bridge-builder and a champion of renewable energy and smart growth policies. Learn more about Congressman Perlmutter at perlmutter.house.gov. ABOUT ASCENT SOLAR TECHNOLOGIES, INC: Ascent Solar Technologies, Inc. is a developer of thin-film photovoltaic modules using flexible substrate materials that are more versatile and rugged than traditional solar panels. Ascent Solar modules were named as one of the top 100 technologies in both 2010 and 2015 by R&D Magazine, and one of TIME Magazine's 50 best inventions for 2011. The technology described above represents the cutting edge of flexible power and can be directly integrated into consumer products and off-grid applications, as well as other aerospace applications. Ascent Solar is headquartered in Thornton, Colorado, and more information can be found at www.AscentSolar.com. Forward-Looking Statements: Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the Company's actual operating results to be materially different from any historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements that contain terms such as "believes," "belief," "expects," "expect," "intends," "intend," "anticipate," "anticipates," "plans," "plan," to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's filings with the Securities and Exchange Commission. Investor Relations: IR@AscentSolar.com

  • 10 Clean Energy Stocks Under $10
    Benzinga

    10 Clean Energy Stocks Under $10

    Clean energy stocks have been some of the hottest stocks in the market in recent years. A younger generation of investors has prioritized clean energy as both a key political issue and a potential lucrative long-term investment theme. At this point, there are few clean energy stocks that still trade under $10 per share. But for investors looking for clean energy stocks to buy on the cheap, there are still a handful of options out there. Unfortunately, stocks that trade under $10 are typically extremely high-risk names. Many of these stocks also trade on the OTC market rather than a major exchange, meaning their financial disclosures and transparency may not be as thorough or reliable. Related Link: 7 ARKK Stocks With Technical Support And Upside Potential Dirt-Cheap Clean Energy Stocks For investors looking for clean energy stocks under $10, the following list of 10 stocks may be a good place to start your due diligence. Companhia de Saneamento Bsc DEDSP (NYSE: SBS) Companhia de Saneamento Bsc DEDSP is a Brazilian company that provides water and sewage services. Water management and conservation will be an extremely important issue for the environment in the long-term, and this $7.19 stock could play a large role in one of the largest emerging market economies in the world. Spi Energy Co Ltd (NYSE: SPI) SPI Energy provides photovoltaic (PV) solutions for commercial, residential, government and utility customers. Solar stocks under $10 are few and far between, and Spi generated $97.8 million in revenue in 2020. First National Energy Corporation (OTC: FNEC) First National Energy Corporation is a development-stage company focused on wind-driven power generation solutions. The stock is extremely cheap priced at around $1.69, but it’s not very liquid so investors should understand the risks of buying shares. Quantum Materials Corp (OTC: QTMM) Quantum Materials designs, develops and produces nanomaterials that can be used for a wide variety of applications, including in photovoltaics and battery technology. The stock is a true penny stock, trading at under 10 cents per share. Solar Integrated Roofing Corp (OTC: SIRC) Solar Integrated Roofing is a California company that provides solar panel and roofing installations for commercial and residential customers. The stock is up more than 4,000% in the past year but still trades at just $1.12. Tellurian Inc (NASDAQ: TELL) Tellurian is a liquified natural gas (LNG) company headquartered in Texas. While LNG isn’t exactly clean, many investors see LNG as a potentially cheaper, cleaner alternative to traditional fossil fuels that can help bridge the gap to a green future. Ocean Power Technologies Inc (NASDAQ: OPTT) Ocean Power Technologies is developing specialized buoys that are aimed at generating clean electricity by capturing the power of ocean waves. The stock is up 736% in the past year but still trades at just $3.89. Ascent Solar Technologies, Inc. (OTC: ASTI) Ascent Solar Technologies produces and sells PV modules used in thin-film technology. The stock has ripped higher by 22,750% in the past year, but investors should understand that it’s still an extremely risky bet priced at under 5 cents per share. Kontrol Technologies Corp (OTC: KNRLF) Kontrol Technologies is a Canadian company focused on energy efficiency technology. The company generated $2.4 million in revenue in the most recent quarter, and the stock trades at just $2.46. Tantech Holdings Ltd (NASDAQ: TANH) Tantech is a Chinese company that engages in a wide variety of businesses, including biofuel energy, electric vehicle manufacturing and power batteries. The company generated $11.4 million in revenue last quarter, and the stock trades at just $1.66. See more from BenzingaClick here for options trades from BenzingaThis Day In Market History: S&P 500 Hits 1,300 For The First Time7 ARKK Stocks With Technical Support And Upside Potential© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • Ascent Solar Completes New Funding Agreement and Full Settlement of Secured Promissory Note
    GlobeNewswire

    Ascent Solar Completes New Funding Agreement and Full Settlement of Secured Promissory Note

    THORNTON, CO, March 10, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Ascent Solar Technologies, Inc. (OTC-PK: ASTI), a developer and manufacturer of state-of-the-art, lightweight, and flexible thin-film photovoltaic (PV) solutions, announces the completion of a new funding agreement and full settlement of a secured promissory note. On March 4, 2021, the Company entered into a common stock purchase agreement (“SPA”) with a private investor (the “Investor”) for the purchase of up to 75,000,000 shares of Common Stock of the Company at the fixed price of $0.04 per share (“New Shares”). At closing on March 9, 2021, the Company issued 75,000,000 New Shares to the Investor in exchange for $3,000,000 of gross proceeds. On March 9, 2021, the Company entered into a settlement agreement (“Settlement”) with our current secured promissory note holder, Global Ichiban Limited (“Global”). Pursuant to the Settlement, the Company issued 168,000,000 shares of Common Stock of the Company (“Settlement Shares”) to Global in exchange for the cancellation of the outstanding secured promissory note of $5,800,000 (the “Secured Note”). The Secured Note, with a maturity date of September 30, 2022, had a variable-rate conversion feature that entitles Global to convert into shares of Common Stock of the Company at 80% of the 5-day average closing bid-price prior to any conversion. The Secured Note also has a substantial lien on the Company’s assets including intellectual property. Following the Settlement, the lien shall be removed resulting in unencumbering all of the Company’s assets. Refer to 8-K filing on March 10, 2021 for more details of the Settlement. “I am pleased to have reached another milestone in our ongoing restructuring and recapitalization effort which began in early 2020,” commented Victor Lee, President and CEO of Ascent Solar Technologies, Inc. “The new funding agreement, completed at a fixed rate above the prevailing stock price, underscores the confidence and belief the Investor has in Ascent Solar as we embark upon a new era for the Company. The Settlement with Global represents icing on the cake as the deal has not only turned a debt holder into a long-term shareholder of the Company, it also frees up all of our encumbered assets and moves the Company closer to cleaning up our balance sheet and being debt free.” Mr. Lee concluded, “Despite our restructuring delays that were exacerbated by COVID-19, our team proved to be resilient. We are optimistic and look forward to stronger years ahead, as our high-value PV market focus, particularly in the space and near-space segment, begins to take shape. We will continue to update our shareholders regularly as we make continued progress.” About Ascent Solar Technologies, Inc: Ascent Solar Technologies, Inc., is a developer of thin-film photovoltaic modules using flexible substrate materials that are more versatile and rugged than traditional solar panels. Ascent Solar modules were named as one of the top 100 technologies in both 2010 and 2015 by R&D Magazine, and one of TIME Magazine's 50 best inventions for 2011. The technology described above represents the cutting edge of flexible power and can be directly integrated into consumer products and off-grid applications, as well as other aerospace applications. Ascent Solar is headquartered in Thornton, Colorado. More information can be found at www.AscentSolar.com. Forward-Looking Statements: Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the Company's actual operating results to be materially different from any historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements that contain terms such as "believes," "belief," "expects," "expect," "intends," "intend," "anticipate," "anticipates," "plans," "plan," to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's filings with the Securities and Exchange Commission. Ascent Solar Technologies Investor Relations: IR@AscentSolar.com