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Ascent Solar Technologies (ASTI)
NASDAQ:ASTI

Ascent Solar Technologies (ASTI) AI Stock Analysis

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Ascent Solar Technologies

(NASDAQ:ASTI)

Rating:45Neutral
Price Target:
$1.50
▼(-12.28%Downside)
The overall stock score for Ascent Solar Technologies is low due to its poor financial performance, highlighted by consistent losses and negative cash flows. Technical analysis provides mixed signals, with no significant positive trends. The valuation remains unattractive with a negative P/E ratio. These factors collectively underscore the company's need for significant operational improvements and strategic refocusing.

Ascent Solar Technologies (ASTI) vs. SPDR S&P 500 ETF (SPY)

Ascent Solar Technologies Business Overview & Revenue Model

Company DescriptionAscent Solar Technologies (ASTI) is a leading provider in the solar energy sector, specializing in the development and manufacturing of cutting-edge, flexible, and lightweight photovoltaic modules. The company's core products include its proprietary thin-film solar technology, designed to deliver high-performance energy solutions for a range of applications such as aerospace, defense, consumer electronics, and off-grid power systems.
How the Company Makes MoneyAscent Solar Technologies generates revenue primarily through the sale of its innovative photovoltaic modules. The company's key revenue streams include direct sales to businesses and government agencies, as well as strategic partnerships with manufacturers and technology integrators that incorporate Ascent's solar products into their own offerings. Additionally, ASTI engages in research and development collaborations and may receive government grants or contracts that support its technological advancements. The company's flexible thin-film technology, which can be customized and adapted to various uses, is a significant factor contributing to its earnings potential.

Ascent Solar Technologies Financial Statement Overview

Summary
Ascent Solar Technologies faces significant financial headwinds across its income statement, balance sheet, and cash flow. Persistent losses, high debt levels, and negative cash flows highlight the company's ongoing struggles to achieve sustainable profitability and financial stability. While there are slight improvements in equity and financing activities, the overall financial health remains weak, with a pressing need for strategic interventions to address operational inefficiencies and improve cash flow generation.
Income Statement
15
Very Negative
The income statement reveals substantial financial challenges for Ascent Solar Technologies. The company has consistently reported negative gross and net profit margins, indicating an inability to cover costs with current revenue levels. Revenue has decreased significantly over the years, with a negative growth trajectory. Additionally, EBIT and EBITDA margins are deeply negative, reflecting ongoing operational inefficiencies and high costs relative to revenue.
Balance Sheet
20
Very Negative
The balance sheet reflects a precarious financial position, with a negative equity balance in several years, signifying that liabilities far exceed assets. The debt-to-equity ratio is concerning due to negative equity, and the return on equity is negative, highlighting unprofitable operations. However, there has been some improvement in stockholders' equity in recent years, suggesting a slight positive trajectory.
Cash Flow
25
Negative
Cash flow analysis shows significant challenges, with consistent negative operating cash flow and free cash flow figures, indicating that the company is burning cash and heavily reliant on external financing to sustain operations. Free cash flow growth remains negative, and the operating cash flow to net income ratio suggests poor cash conversion. Financing activities provide temporary relief but do not address underlying cash flow issues.
Breakdown
TTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income StatementTotal Revenue
599.03K41.89K458.26K1.22M607.78K66.61K
Gross Profit
-249.03K-106.48K-1.43M-788.67K-1.29M-107.97K
EBIT
-7.81M-8.54M-15.64M-17.06M-8.79M547.62K
EBITDA
-7.14M-7.91M-14.13M-16.28M-4.21M5.46M
Net Income Common Stockholders
-8.27M-9.13M-17.07M-19.75M-6.92M-4.89M
Balance SheetCash, Cash Equivalents and Short-Term Investments
0.003.17M1.05M11.48M5.96M167.72K
Total Assets
5.63M7.15M6.30M18.68M12.85M7.37M
Total Debt
17.14M2.06M4.23M10.08M13.51M19.42M
Net Debt
17.14M-1.11M3.18M-1.40M7.54M19.25M
Total Liabilities
30.74M3.77M7.83M14.09M15.68M27.56M
Stockholders Equity
-25.11M3.38M-1.53M4.59M-2.83M-20.19M
Cash FlowFree Cash Flow
-8.78M-8.42M-13.41M-10.69M-9.68M-2.88M
Operating Cash Flow
-8.78M-8.42M-9.54M-10.51M-9.40M-2.88M
Investing Cash Flow
-1.32K-421.00-3.88M-265.47K-301.52K254.44K
Financing Cash Flow
10.84M10.55M2.96M16.29M15.50M2.80M

Ascent Solar Technologies Technical Analysis

Technical Analysis Sentiment
Positive
Last Price1.71
Price Trends
50DMA
1.59
Positive
100DMA
1.84
Negative
200DMA
2.33
Negative
Market Momentum
MACD
-0.01
Positive
RSI
54.15
Neutral
STOCH
49.28
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ASTI, the sentiment is Positive. The current price of 1.71 is above the 20-day moving average (MA) of 1.67, above the 50-day MA of 1.59, and below the 200-day MA of 2.33, indicating a neutral trend. The MACD of -0.01 indicates Positive momentum. The RSI at 54.15 is Neutral, neither overbought nor oversold. The STOCH value of 49.28 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ASTI.

Ascent Solar Technologies Risk Analysis

Ascent Solar Technologies disclosed 32 risk factors in its most recent earnings report. Ascent Solar Technologies reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks

Ascent Solar Technologies Peers Comparison

Overall Rating
UnderperformOutperform
Sector (62)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
62
Neutral
$11.90B10.64-7.50%2.90%7.41%-8.19%
SOSOL
55
Neutral
$88.79M-1.63%-19.52%64.89%
54
Neutral
$58.88M-123.52%-43.69%12.75%
52
Neutral
$62.19M
-51.35%-103.78%
45
Neutral
$2.94M-9999.00%-84.71%98.95%
43
Neutral
$33.87M-49.28%8.97%-68.08%
40
Underperform
$57.87M307.38%-54.68%63.56%
* Technology Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
ASTI
Ascent Solar Technologies
1.71
-9.83
-85.18%
SOL
Emeren Group
1.79
0.12
7.19%
VVPR
VivoPower International
6.65
4.75
250.00%
SPRU
Spruce Power Holding
1.90
-1.64
-46.33%
MAXN
Maxeon Solar Technologies
3.42
-168.58
-98.01%
FTCI
FTC Solar
4.50
-0.35
-7.22%

Ascent Solar Technologies Corporate Events

Business Operations and StrategyRegulatory Filings and Compliance
Ascent Solar Reduces Authorized Shares to 200 Million
Neutral
Jun 9, 2025

On June 4, 2025, Ascent Solar Technologies filed a Certificate of Amendment to reduce its authorized shares of Common Stock from 500 million to 200 million. This decision, approved by stockholders on May 29, 2025, reflects a strategic move to potentially streamline the company’s capital structure.

Executive/Board ChangesShareholder MeetingsStock Split
Ascent Solar Approves Key Proposals at Annual Meeting
Neutral
May 29, 2025

Ascent Solar Technologies held its 2025 Annual Meeting of Stockholders on May 29, 2025, where several key proposals were approved. These included increasing the shares in the 2023 Equity Incentive Plan, electing two directors, ratifying the appointment of an accounting firm, approving amendments for a reverse stock split and reducing authorized common shares, and approving executive compensation.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.