Companies ›Energy ›ASTI.O

ASTI.O — NASDAQ Diversified Renewable Energy Equipment

Ascent Solar Technologies Inc

$3,10

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Mcap

29,3M USD

P/E

—

EV / Rev

—

Div yield

—

Op margin

-10 211,5 %

ROE

-234,7 %

Net margin

-10 202,9 %

Debt / equity

0,00

Beta

—

52w range

—

Volume

741

Day range

—

Prev close

$5,64

Open

—

Next earnings

2026-10-28

Ex-dividend

—

TR 1Y

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About

Ascent Solar Technologies Inc develops and commercializes thin-film photovoltaic solar modules for the renewable energy market.

Business. Ascent Solar Technologies Inc (ASTI.O) is a renewable energy equipment and services company headquartered in the United States. The firm operates within the renewable energy sector, focusing on the development and deployment of solar energy solutions. It is primarily listed on the NASDAQ stock exchange under the ticker symbol ASTI.O. Specific details regarding operating segments or geographic revenue breakdowns are not available.

Classification99 %

SectorEnergy

Industry groupDiversified Renewable Energy Equipment

Generated · model-assisted

Sell-side consensus

BUY1 analysts

1 buy0 hold0 sell

Avg 12m price target20,00

Analyst recommendations

1 analysts · consensus Buy

Buy1

Hold0

Sell0

12-month price target

20,00

Consensus of sell-side coverage.

Upcoming events

EarningsQ3 2026 earnings (expected)2026-10-28 · estimated

See all catalysts →

At a glance

Score

—

not yet scored

Valuation

—

valuation pending

Analysts→

Buy

1 analysts · indicative

Ownership→

UBS Financial Services, Inc.

largest disclosed fund holder

Profitability→

-234,7 %

return on equity

Quality

—

not yet scored

What drives this business

The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.

— missing data

News & coverage

No recent newsroom coverage mentioning ASTI.

Sector rotation

Sector1D1Mvs mkt

Materials+2,3 %+6,6 %+1,7 %

Communication Services+2,2 %−5,5 %+1,6 %

Energy · THIS SECTOR+0,6 %+3,3 %+0,0 %

Health Care+0,6 %−0,8 %+0,0 %

Information Technology+0,6 %+6,7 %+0,0 %

Consumer Discretionary+0,4 %+7,6 %−0,2 %

Financials−0,3 %−2,8 %−0,9 %

Consumer Staples−0,4 %+2,5 %−1,0 %

Real Estate−0,7 %+10,9 %−1,3 %

Industrials−1,9 %−3,1 %−2,5 %

Utilities−1,9 %+28,2 %−2,5 %

Developing storylines

No tracked sagas currently linked to ASTI.O. Browse all sagas →

Analysis

AI analysis

Generated · analysis pipeline · tier hybrid · as of 2026-08-04 ↑ At a glance

Opportunity

— missing data

Upcoming catalysts

Scheduled public events. Informational only — not investment advice.

Company
EarningsQ3 2026 earnings (expected)2026-10-28 · estimated
Macro
Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
Macro & political
ElectionSE Swedish Election2026-09-14 · SE
ElectionUS U.S. Midterms2026-11-03 · US
ElectionFR French Legislative2027-06-01 · FR

Pre-earnings brief

— missing data

Signals & dispatch

peak dispatch · —

Composite-score breakdown

Synthesis

Business

Ascent Solar Technologies Inc (ASTI.O) is a renewable energy equipment and services company headquartered in the United States. The firm operates within the renewable energy sector, focusing on the development and deployment of solar energy solutions. It is primarily listed on the NASDAQ stock exchange under the ticker symbol ASTI.O. Specific details regarding operating segments or geographic revenue breakdowns are not available.

Classification99 %

SectorEnergy

Industry groupDiversified Renewable Energy Equipment

AI synthesis

GENERATED

The company maintains a strong liquidity position with $2.79 million in cash and equivalents, representing 44% of total assets. With no long-term debt and a current ratio of 1.53, the balance sheet is entirely equity-funded. The price-to-book ratio of 11.0 indicates significant premium valuation relative to its tangible asset base.

Financial performance shows substantial losses with a net income of -$7.83 million and operating losses of -$7.84 million. Return on equity of -2.35% and return on assets of -1.24% confirm the company is not generating returns for shareholders or asset owners. Gross margin is negative at -155.7%, indicating production costs exceed revenue.

The company operates as a single business segment with all revenue derived from photovoltaic solar module sales. Geographic exposure is not disclosed in the available data, but the renewable energy equipment industry typically shows high concentration in North American and European markets.

Recent financial trends show declining performance with $76.77 million in revenue but $7.85 million in free cash flow outflows. The company is burning cash at a rate exceeding operating losses, suggesting capital preservation is a challenge. No capital expenditures are disclosed in the latest period.

Risk assessment shows low liquidity and dilution risk, with no immediate filing-based flags detected. The absence of long-term debt and dilutive securities reduces financial risk exposure. No dilution sources were identified in the available documents.

Analyst coverage is limited with only one "buy" recommendation and no strong buy ratings. The mean price target of $20.00 represents a 443% upside from the current market price of $3.88. No recent filings or transcripts were identified in the available data.

Key takeaways

The company maintains strong liquidity with $2.79 million in cash and no long-term debt
Analysts assign a mean price target of $20.00, implying 443% upside potential
The business operates as a single segment with no disclosed geographic diversification
Financial performance shows significant losses with negative returns on equity and assets
The price-to-book ratio of 11.0 indicates a premium valuation relative to tangible assets
No immediate liquidity or dilution risks were identified in the available data

Bull / Bear case

Generated · model-assisted

— missing data

In focus — financials by report

Valuation

Market price

$3,10

Market cap

$36.7M

Enterprise valueⓘ

$33.9M

P/Eⓘ

—

Non-GAAP P/Eⓘ

—

EV / Revenueⓘ

—

EV / Op incomeⓘ

—

EV / OCFⓘ

—

P / Bⓘ

11.0x

P / Tangible bookⓘ

11.0x

Tangible book

$3.3M

Net cashⓘ

$2.8M

Current ratioⓘ

1.5

Debt / equityⓘ

0.0

ROAⓘ

-1.2%

ROEⓘ

-2.3%

Cash conversionⓘ

88.0%

CapEx / revenueⓘ

-41.7%

SBC / revenueⓘ

—

Dilution ratioⓘ

0.0%

Revenue by segment

Business relationships

Business relationships1 disclosed relationship · 1 type · extracted from filings & disclosures

Customers1

ANON:CUST:ASTI.O:P52ANON:CUST:ASTI.O:P52Customer88%Source ↗

Supply chain

Vendors → ASTI ↔ Partners → Customers · click any node to drill

1 mention in 10-K0 from corporate websites0 from news dispatches

Updated 2026-07-04

Peer comparison

Peer comparison8 peers · vs ASTI · multiples and returns

JKS—

Jinkosolar Holding Co

—

P/E

—

— vs self

Div yield

—

— vs self

ROE

—

— vs self

NXT—

Nextpower Inc

$109,65

16,7B USD

P/E

29,4x

— vs self

Div yield

—

— vs self

ROE

25,1 %

+259,8 vs self

RUN—

SUNRUN INC.

$10,43

2,5B USD

P/E

7,6x

— vs self

Div yield

—

— vs self

ROE

14,4 %

+249,0 vs self

TOYO—

Toyo Co Ltd

$5,35

196,4M USD

P/E

13,3x

— vs self

Div yield

—

— vs self

ROE

35,6 %

+270,3 vs self

FCEL—

Fuelcell Energy Inc

$21,60

1,1B USD

P/E

—

— vs self

Div yield

—

— vs self

ROE

-4,6 %

+230,1 vs self

BWEN—

Broadwind Inc

$4,15

97,1M USD

P/E

17,1x

— vs self

Div yield

—

— vs self

ROE

7,9 %

+242,6 vs self

STEM—

Stem Inc

$9,13

78,2M USD

P/E

0,6x

— vs self

Div yield

—

— vs self

ROE

-55,2 %

+179,4 vs self

ZEO—

Zeo Energy Corp

$0,47

27,5M USD

P/E

—

— vs self

Div yield

—

— vs self

ROE

-5,8 %

+228,9 vs self

Market position

Stress test

— missing data

Predictor forecast

Options

— missing data

Short squeeze

— missing data

Earnings-call key lines

— missing data

Consensus distribution

sell-side coverage

Recommendation distribution1 analysts

Strong buy0

Buy1

Hold0

Sell0

Strong sell0

12-month price target$20,00 · Median $20,00

Low $20,00High $20,00

Operating income · consensus-8,1M USD

Estimate revisions

consensus EPS · 26-week trend

— missing data

Sell-side observations

Low$20,00

Mean$20,00

Median$20,00

High$20,00

Spot$3,10

+545.3 %implied to mean12-month sell-side price targets · ▲ spot

Themes

— missing data

ESG

— missing data

Risk factors

Dilution riskLow

Liquidity riskLow

Filing-based flags

No immediate filing-based liquidity or dilution flags were detected.

Benchmarks vs cohort

Op Margin-10 211,5 %Bottom quartile

Net Margin-10 202,9 %Bottom quartile

ROE-234,7 %Bottom quartile

Capex / Rev-41,7 %Below median

D/E0,00Above median

Cash Conv0,88Above median

Corporate actions / M&A

— missing data

FX exposure

— missing data

Comparable transactions

— missing data

Derivatives & instruments

Derivative transactions

Net disposed 20 000 sh2 exercises1 insiders

Forrest Reynolds T.Director · Employee Stock Option (right to buy) → Common StockDisposed 10 000 @ $1,63exercise · 2026-05-29
Forrest Reynolds T.Director · Employee Stock Option (right to buy) → Common StockDisposed 10 000 @ $1,63exercise · 2026-05-28
Forrest Reynolds T.Director · Series 1C Convertible Preferred Stock → Common StockDisposed — @ $2,50conversion · 2026-05-22
Forrest Reynolds T.Director · Series 1C Convertible Preferred Stock → Common StockDisposed — @ $2,50conversion · 2025-12-15

Actions

Set alert Open in charts

Ask Handelsavisen

— missing data

Data sources

Market data
Market data cache
Issuer disclosures
Public news
Earnings transcripts
Consensus estimates
ESG data

How metrics are computed

Return On Equity
net_income / total_equity
Price To Book
market_price / (adjusted_book_value / shares_outstanding_diluted)
Dilution Ratio
(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
Market Price
input from market-data provider (delayed close or quote-shim mid)
Market Cap
market_price * shares_outstanding_diluted
Ev To Revenue
enterprise_value / revenue

Source documents

Ascent Solar Technologies Inc Market data — financials · 2026-05-27
Ascent Solar Technologies Inc Market data — analyst estimates · 2026-05-27

Ownership & reference

Top holders

UBS Financial Services, Inc.Investment Managers · as of 2026-03-310,00 %$1M
Geode Capital Management, L.L.C.Investment Managers · as of 2026-03-310,00 %$0M
Northern Trust Investments, Inc.Investment Managers · as of 2026-03-310,00 %$0M
State Street Investment Management (US)Investment Managers · as of 2026-03-310,00 %$0M
Vanguard Capital Management, LLCInvestment Managers · as of 2025-12-310,00 %$0M
Morgan Stanley Smith Barney LLCInvestment Managers · as of 2026-03-310,00 %$0M

Leadership

Paul WarleyPresident, Chief Executive Officer

Insider activity

Net selling0 buys · 4 sellsnet -$319K1 insiders · last 365d

Forrest Reynolds T.Director · Common StockSold 5 000 @ $9,45$47K · 2026-06-02
Forrest Reynolds T.Director · Common StockOther 2 071 @ $7,87$16K · 2026-05-29
Forrest Reynolds T.Director · Common StockOther 10 000 @ $1,63$16K · 2026-05-29
Forrest Reynolds T.Director · Common StockSold 7 843 @ $9,15$72K · 2026-05-29
Forrest Reynolds T.Director · Common StockOther 10 000 @ $1,63$16K · 2026-05-28
Forrest Reynolds T.Director · Common StockOther 2 407 @ $6,77$16K · 2026-05-28
Forrest Reynolds T.Director · Common StockOther 28 343 @ $2,50$71K · 2026-05-22
Forrest Reynolds T.Director · Common StockSold 521 @ $4,62$2K · 2025-12-30
Forrest Reynolds T.Director · Common StockSold 38 827 @ $5,08$197K · 2025-12-23
Forrest Reynolds T.Director · Common StockOther 38 827 @ $2,50$97K · 2025-12-15

Short positioning

1.2Mshares short+2.9% vs prior

2.99days to cover

22.7%short of daily vol

1.1Kfails-to-deliver

as of 2026-07-15 · short-interest report (free)

Geographic breakdown

— missing data

Listings · one canonical issuer all listings resolve to the canonical

ASTI.OCanonical

NASDAQ · USD

Intel & risk

peak dispatch · —

OSINT findings

Dilution riskLow

Liquidity riskLow

No immediate filing-based liquidity or dilution flags were detected.

Relationship graph

This companySectorCustomers

Evidence & claims

From filings & derived data

Net income (YoY) (2025-12-31 vs 2024-12-31): 13.8%Derived (calculated)
Operating cash flow (YoY) (2025-12-31 vs 2024-12-31): 18.0%Derived (calculated)
Total assets (YoY) (2025-12-31 vs 2024-12-31): -11.4%Derived (calculated)
Shareholders' equity (YoY) (2025-12-31 vs 2024-12-31): -1.2%Derived (calculated)
Total liabilities (YoY) (2025-12-31 vs 2024-12-31): -20.5%Derived (calculated)
Capex (YoY) (2025-12-31 vs 2024-12-31): 7,504.5%Derived (calculated)
Revenue (YoY) (2025-12-31 vs 2024-12-31): 83.3%Derived (calculated)
Cash & equivalents (YoY) (2025-12-31 vs 2024-12-31): -12.1%Derived (calculated)
R&D expense (YoY) (2025-12-31 vs 2024-12-31): 6.2%Derived (calculated)
EPS (basic) (YoY) (2025-12-31 vs 2024-12-31): 70.2%Derived (calculated)
Net margin (FY 2025-12-31): -10,288.4%Derived (calculated)
Debt-to-equity (FY 2025-12-31): 0.90xDerived (calculated)
EPS (diluted) (YoY) (2025-12-31 vs 2024-12-31): 70.2%Derived (calculated)
Return on equity (FY 2025-12-31): -236.6%Derived (calculated)
Operating income (YoY) (2025-12-31 vs 2024-12-31): 7.8%Derived (calculated)
Current ratio (FY 2025-12-31): 1.53xDerived (calculated)
Return on assets (FY 2025-12-31): -124.7%Derived (calculated)
Current liabilities (annual): USD 2.21MSEC XBRL filing
Total assets (annual): USD 6.33MSEC XBRL filing
Total liabilities (annual): USD 2.99MSEC XBRL filing
Operating income (annual): USD -7.87MSEC XBRL filing
EPS (diluted) (annual): USD-PER-SHARES -3SEC XBRL filing
R&D expense (annual): USD 2.44MSEC XBRL filing
Current assets (annual): USD 3.38MSEC XBRL filing

Showing 24 of 60 surfaced claims.

Atomic claims from regulatory filings and derived calculations. Provenance shown as source kind only.

The Thread

Everything we know, in order

2026-10-28EVENTUpcomingQ3 2026 earnings (expected) estimated date

2026-06-20 12:34 UTCANALYSTAnalyst coverage initiated

2026-06-17FILINGFORM 8-K →

2026-06-02 00:00 UTCINSIDER1 insider transaction — 2026-06

2026-06-02INSIDERForrest Reynolds T. sold 5.0k sh — Director ~$47k

2026-05-29 00:00 UTCINSIDER9 insider transactions — 2026-05 · $208k gross 3 derivative

2026-05-29INSIDERForrest Reynolds T. transacted 2.1k sh — Director ~$16k

2026-05-29INSIDERForrest Reynolds T. transacted 10.0k sh — Director ~$16k

2026-05-29INSIDERForrest Reynolds T. sold 7.8k sh — Director ~$72k

2026-05-29INSIDERForrest Reynolds T. disposed of 10.0k sh Employee Stock Option (right to buy) — Director

2026-05-28INSIDERForrest Reynolds T. transacted 10.0k sh — Director ~$16k

2026-05-28INSIDERForrest Reynolds T. transacted 2.4k sh — Director ~$16k

2026-05-28INSIDERForrest Reynolds T. disposed of 10.0k sh Employee Stock Option (right to buy) — Director

2026-05-22INSIDERForrest Reynolds T. transacted 28.3k sh — Director ~$71k

2026-05-22INSIDERForrest Reynolds T. disposed of 61 sh Series 1C Convertible Preferred Stock — Director

2026-05-08FILING10-Q filing →

2026-04-27FILINGPROXY STATEMENT →

2026-03-20FILING10-K filing →

2026-02-12FILINGPROSPECTUS →

2026-01-26FILINGFORM 8-K →

2026-01-07FILINGPROSPECTUS →

2025-12-31FILINGFORM 8-K →

2025-12-30 00:00 UTCINSIDER4 insider transactions — 2025-12 · net sell $103k 1 derivative

2025-12-30INSIDERForrest Reynolds T. sold 521 sh — Director ~$2k

2025-12-23INSIDERForrest Reynolds T. sold 38.8k sh — Director ~$197k

2025-12-15INSIDERForrest Reynolds T. transacted 38.8k sh — Director ~$97k

2025-12-15INSIDERForrest Reynolds T. disposed of 89 sh Series 1C Convertible Preferred Stock — Director

2025-12-08FILINGFORM 8-K →

2025-11-10FILING10-Q filing →

2025-08-20FILINGFORM 8-K →

2025-08-20FILINGPROSPECTUS SUPPLEMENT →

2025-06-02 00:00 UTCINSIDER7 insider transactions — 2025-06 7 derivative

2025-01-01 00:00 UTCINSIDER1 insider transaction — 2025-01

2024-10-17 00:00 UTCINSIDER7 insider transactions — 2024-10 7 derivative

2024-08-21 00:00 UTCINSIDER3 insider transactions — 2024-08 3 derivative

The entity's full life in the product — typed, chronological, joined across Newspaper, Platform and Data. Our memory, made visible.

Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-08-04 Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data Premium coverage

Analyst recommendations

At a glance

What drives this business

News & coverage

Sector rotation

Developing storylines

Analysis

Opportunity

Upcoming catalysts

Pre-earnings brief

Signals & dispatch

Composite-score breakdown

Synthesis

Bull / Bear case

In focus — financials by report

Valuation

Revenue by segment

Market share

Business relationships

Supply chain

Peer comparison

Market position

Stress test

Predictor forecast

Options

Short squeeze

Earnings-call key lines

Consensus distribution

Estimate revisions

Sell-side observations

Themes

ESG

Risk factors

Benchmarks vs cohort

Corporate actions / M&A

FX exposure

Comparable transactions

Derivatives & instruments

Derivative transactions

Actions

Ask Handelsavisen

Ownership & reference

Top holders

Leadership

Insider activity

Short positioning

Geographic breakdown

Intel & risk

Evidence & claims

The Thread