HC Wainwright Has Pessimistic View of ASTI FY2029 Earnings

Ascent Solar Technologies Inc. (NASDAQ:ASTI) – HC Wainwright decreased their FY2029 EPS estimates for shares of Ascent Solar Technologies in a research note issued to investors on Wednesday, August 19th. HC Wainwright analyst A. Dayal now forecasts that the company will earn $0.67 per share for the year, down from their previous estimate of $0.76. HC Wainwright has a “Buy” rating on the stock. The consensus estimate for Ascent Solar Technologies’ current full-year earnings is ($0.74) per share. HC Wainwright also issued estimates for Ascent Solar Technologies’ FY2030 earnings at $1.42 EPS.

Ascent Solar Technologies (NASDAQ:ASTI) last issued its earnings results on Thursday, August 6th. The company reported ($0.19) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.19). Ascent Solar Technologies had a negative net margin of 4,217.19% and a negative return on equity of 85.21%. The company had revenue of $0.10 million during the quarter, compared to analyst estimates of $0.10 million.

ASTI has been the topic of a number of other research reports. Zacks Research upgraded Ascent Solar Technologies to a “hold” rating in a research note on Friday, April 24th. Weiss Ratings raised Ascent Solar Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, August 7th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Ascent Solar Technologies has an average rating of “Hold” and an average price target of $20.00.

Ascent Solar Technologies Trading Down 0.9%

Shares of NASDAQ:ASTI opened at $3.14 on Thursday. Ascent Solar Technologies has a 1 year low of $1.40 and a 1 year high of $9.87. The business has a fifty day simple moving average of $4.20 and a 200 day simple moving average of $5.03. The firm has a market cap of $30.83 million, a price-to-earnings ratio of -2.12 and a beta of 1.76.

Hedge Funds Weigh In On Ascent Solar Technologies

Several hedge funds have recently bought and sold shares of the business. Cetera Investment Advisers raised its holdings in Ascent Solar Technologies by 14.9% during the first quarter. Cetera Investment Advisers now owns 25,001 shares of the company’s stock valued at $99,000 after buying an additional 3,251 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Ascent Solar Technologies by 87.7% during the 4th quarter. Geode Capital Management LLC now owns 26,938 shares of the company’s stock worth $111,000 after acquiring an additional 12,588 shares in the last quarter. MYDA Advisors LLC bought a new stake in shares of Ascent Solar Technologies during the 4th quarter worth about $206,000. Jane Street Group LLC acquired a new position in shares of Ascent Solar Technologies during the 4th quarter valued at about $116,000. Finally, HRT Financial LP acquired a new position in shares of Ascent Solar Technologies during the 4th quarter valued at about $208,000. 10.55% of the stock is owned by institutional investors and hedge funds.

Ascent Solar Technologies Company Profile

Ascent Solar Technologies, Inc (NASDAQ:ASTI) develops and manufactures thin-film photovoltaic modules based on copper indium gallium selenide (CIGS) semiconductor technology. Designed for lightweight, flexible and durable integration, Ascent Solar’s products are well-suited to mobile and off-grid applications where conventional rigid panels are impractical. The company’s portfolio includes both rollable and laminate modules that can be bonded onto a variety of surfaces, from textiles and curved structures to aerospace platforms.

Ascent Solar’s modules target a diverse set of end markets, including military and defense sectors, unmanned aerial vehicles (UAVs), consumer electronics, automotive and building-integrated photovoltaics (BIPV).