Ascent Solar Technologies, Inc. (ASTI) AI Stock Analysis

Ascent Solar Technologies, Inc. specializes in the design, manufacturing, and distribution of advanced photovoltaic products utilizing copper-indium-gallium-diselenide (CIGS) technology. Founded in 2005 and based in Thornton, Colorado, the company serves industries including aerospace, defense, emergency management, and consumer electronics. Its product lineup features outdoor solar chargers designed to power portable electronic devices in remote environments. Ascent Solar sells its photovoltaic solutions globally through original equipment manufacturers, system integrators, distributors, retailers, and e-commerce platforms.

Ascent Solar generated revenue of $607,783 in FY2021 before expanding to $1.2M in FY2022. Sales contracted to $458,260 in FY2023 and dropped to $41,893 in FY2024, followed by an 83.3% rebound to $76,773 in FY2025. Across the 5-year period from FY2020 to FY2025, revenue grew at a CAGR of 2.9%. The company reported net losses of -$6.0M in FY2021, -$19.8M in FY2022, -$17.1M in FY2023, -$9.1M in FY2024, and -$7.8M in FY2025, with an FY2025 gross margin of -155.7%. For the quarter ended June 30, 2026, quarterly revenue grew 461.3% year-over-year, while quarterly earnings declined 90.2%.

As of June 30, 2026, Ascent Solar held $14.5M in cash and short-term investments against total debt of $1.1M, yielding net cash of $13.4M. Total assets stood at $18.1M with shareholders' equity of $15.3M. The company reported a current ratio of 6.31 and a debt-to-equity ratio of 0.07. In FY2025, operating cash flow was -$6.9M and free cash flow was -$6.9M. Capital expenditures totaled $32,015 in FY2025, while the 5-year share count change reached 2051.0%.

Ascent Solar holds a market capitalization of $18.2M and an enterprise value of $15.2M. The stock trades at a price-to-sales multiple of 93.1x and an EV-to-revenue multiple of 79.3x, substantially above the median of its US-listed Technology peers of 2.8x for price-to-sales. Its forward P/E is 14.5x, below the peer median of 18.8x. Over the past year, the stock fell 18.1%, trailing the S&P 500's return of 16.8%. Over a 5-year period, ASTI recorded a return of -100.0% compared to an 83.0% gain for the S&P 500.

Wall Street coverage consists of 1 Strong Buy rating, 0 Buy, 0 Hold, 0 Sell, and 0 Strong Sell ratings. The mean price target is $20.00, representing an increase of 981.1% over the last close of $1.85. For the fiscal year ending December 31, 2026, analysts estimate an EPS of -$0.91 and revenue of $835,000. For the following fiscal year, 1 analyst projects revenue of $22.4M and EPS of -$0.63. The company recorded 0 EPS beats over the last 4 quarters. The next earnings date is November 9, 2026.

This page is an AI-written research summary of Ascent Solar Technologies, Inc. (ASTI). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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