Ascent Solar Technologies (ASTI) AI Stock Analysis

• Market Cap: $2.94M
• Dividend Yield: N/A
• Average Volume (3M): 35.02K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.32
• Revenue Growth: -84.71%
• EPS Growth: 98.95%
• Country: US
• Employees: 16
• Sector: Technology
• Sector Strength: 82
• Industry: Solar
• EPS (TTM): -3.00
• Shares Outstanding: 1,813,775
• 10 Day Avg. Volume: 38,836
• 30 Day Avg. Volume: 35,017
• PEG Ratio: 3.92
• Price to Book (P/B): 1.06K
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -454.50
• Enterprise Value/Market Cap: 1.65K
• Enterprise Value/Revenue: 3.24K
• Enterprise Value/Gross Profit: -19.50K
• Enterprise Value/Ebitda: -126.59
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 45 Neutral
• 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 Business Overview & Revenue Model

Company Description

Ascent 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 Money

Ascent 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

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

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

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
TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
599.03K	41.89K	458.26K	1.22M	607.78K	66.61K
	Gross Profit
-249.03K	-106.48K	-1.43M	-788.67K	-1.29M	-107.97K
	EBIT
-7.81M	-8.54M	-15.64M	-17.06M	-8.79M	547.62K
	EBITDA
-7.14M	-7.91M	-14.13M	-16.28M	-4.21M	5.46M
	Net Income Common Stockholders
-8.27M	-9.13M	-17.07M	-19.75M	-6.92M	-4.89M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
0.00	3.17M	1.05M	11.48M	5.96M	167.72K
	Total Assets
5.63M	7.15M	6.30M	18.68M	12.85M	7.37M
	Total Debt
17.14M	2.06M	4.23M	10.08M	13.51M	19.42M
	Net Debt
17.14M	-1.11M	3.18M	-1.40M	7.54M	19.25M
	Total Liabilities
30.74M	3.77M	7.83M	14.09M	15.68M	27.56M
	Stockholders Equity
-25.11M	3.38M	-1.53M	4.59M	-2.83M	-20.19M
Cash Flow		Free 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	-301.52K	254.44K
	Financing Cash Flow
10.84M	10.55M	2.96M	16.29M	15.50M	2.80M

Ascent Solar Technologies Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.71
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: 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 Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	62 Neutral	$11.90B	10.64	-7.50%	2.90%	7.41%	-8.19%
SOL	55 Neutral	$88.79M	―	-1.63%	―	-19.52%	64.89%
FTCI	54 Neutral	$58.88M	―	-123.52%	―	-43.69%	12.75%
VVPR	52 Neutral	$62.19M	―		―	-51.35%	-103.78%
ASTI	45 Neutral	$2.94M	―	-9999.00%	―	-84.71%	98.95%
SPRU	43 Neutral	$33.87M	―	-49.28%	―	8.97%	-68.08%
MAXN	40 Underperform	$57.87M	―	307.38%	―	-54.68%	63.56%

Ascent Solar Technologies Corporate Events

Ascent Solar Reduces Authorized Shares to 200 Million

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.

Ascent Solar Approves Key Proposals at Annual Meeting

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.