Stock To Watch: Ascent Solar Technologies, Inc. (Nasdaq: ASTI)

“Be fearful when others are greedy, and be greedy when others are fearful.” – Warren Buffett

Being recognized by TIME magazine as one of the Top 50 Inventions of 2011 may not be enough to boost Ascent Solar Technologies, Inc. (Nasdaq : ASTI) back to the $26.75 per share price it had in December of 2007, Ascent has had a nice run recently gaining 77% from January 10-18 already this year.

Founded in 2005, Ascent Solar Technologies has made its mark in the solar industry using its proprietary technology with its flexible photovoltaic (PV) modules. The manufacturing process deposits multiple layers of materials, including a thin-film of CIGS semiconductor material on a plastic substrate and laser patterns the layers to create interconnected PV cells or PV modules through monolithic integration process, in its design-winning roll-format PV modules.

Starting the Year out with a boost from the company’s largest insider, China’s TFG Radiant Investment Group, Ltd., was surely a step in the right direction for Ascent Solar. TFG Radiant, owner of roughly 20% of the outstanding shares since August, 2011, will be closing the deal on an already announced $4 million purchase at approximately $0.50 which is currently owned by Norsk Hydro Produksjon AS. The boost in Solar has been fueled by recent news from two of the world’s leading countries pushing their future energy dependency on the sun, Germany and China.

Surely the recent surge in volume and price of 77% is most likely the squeeze of the December 30 1,124,898 short interest holders. However, Ascent Solar continues to push through in the solar energy sector which recently saw the likes of Warren Buffett’s Berkshire Hathaway make a huge jump into the solar energy sector with its purchase of First Solar, Inc. (Nasdaq: FSLR).

Based in Thornton, Colorado, Ascent Solar’s stock is traded under the symbol ASTI on the Nasdaq Stock Exchange and has 75 listed full time employees.

Website: http://www.ascentsolar.com/

Company Snapshot:

Trading Symbol: NASDAQ: ASTI
Last Price: $0.80
Avg Vol (3 month): 258,165
Avg Vol (10 day): 1,301,790
Market Cap: 31.16M
EBITDA (ttm)6: -21.00M
Total Cash (mrq): $27.10
Shares Outstanding: 38.95 million shares
Shares Short (12/30/11): 1.12 million shares
Shares Held by Insiders: 41.69%
Institutions Holding Shares: 19
Top Institutional Holder: 927,928 shares
Dimensional Fund Advisors LP.
(as of 9/30/2011)
Top Mutual Fund Holder: 187,914 shares
DFA U.S. Small Cap Value Series
(as of 7/31/2011)
Contact Information: 12300 North Grant Street
Thornton, CO 80241
Investor/Analyst inquiries: Phone: 720-872-5140
[email protected]
Next Earnings Date:  February 27, 2012
Profit Margin (ttm) None
Operating Margin(ttm): -666.98%
Return On Assets(ttm): -17.09%
Return On Equity(ttm): -115.72%
Qtrly Revenue Growth (yoy): 58.60%
Operating Cash Flow(ttm): $-22.69M
Levered Free Cash Flow(ttm): $-22.63B

 
ASTI closing price for the week that ended Friday, January 20, 2012 was $0.80, down -0.26, on volume of 1,998,918.
ASTI is trading 36.65% above its 50 day moving average and 1.17% above its 200 day moving average.
ASTI is -78.55% below its 52-week high of $3.73 and 122.22% above its 52-week low of $0.36.
ASTI‘s PE ratio is N/A and its market cap is $31.16M.

Ascent Solar Technologies, Inc.(NASDAQ: ASTI) is just one of the Top 25 Solar Stocks covered here as some of the best stocks to watch.

About AimHighProfits.com

AimHighProfits.com strives to provide you with the hottest stock alerts in the market in Real-Time. We focus on stocks that trade for $5 per share or less, some as little as a few pennies with upside potential. Our goal is committed to producing and publishing the highest-quality insight and analysis of small-cap stocks, emerging technology stocks, hot penny stocks and helping investors make informed decisions and to inform you of the best stocks in the market before they move. Our focus is primarily on OTC stocks in the stock market today which have traditionally been ignored by Wall Street.

We have particular expertise with internet stocks, gold stocks, renewable energy stocks, biotech stocks, oil stocks and green energy stocks. There are many hot penny stock opportunities present in the OTC market every day and we seek to exploit these hot stock gains for our members before the average daytrader is made aware of them.

Aim High Profits Disclaimer

This is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances.

AimHighProfits.com is a wholly-owned subsidiary of Kelevra Media Innovation.

While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a real licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.

For a complete explanation, please visit our disclaimer page.

Last updated by at .

0
  Recent Penny Stock News