Ascent Solar Technologies - ASTI stock

From OTC Wiki
Related pages

OTC Symbol: ASTI | Related ticker symbols: ASTI is currently listed on the NASDAQ exchange


Ascent Solar Technologies (OTC: ASTI) is a company based in Thornton, Colorado, USA, that specializes in the development and manufacturing of thin-film photovoltaic (PV) modules and products. The company was founded in 2005 and is publicly traded on the OTCQB exchange under the symbol ASTI.


Ascent Solar has developed partnerships with a number of leading companies in various industries to incorporate its PV modules into their products. The company has also received numerous awards and recognition for its innovative technology and products.[1]


Ascent Solar's PV modules are based on proprietary technology that enables the use of thin-film CIGS (copper-indium-gallium-selenide) materials to produce lightweight and flexible solar panels. These panels can be used in a wide range of applications, including consumer electronics, building integrated photovoltaics (BIPV), space and defense, transportation, and off-grid power generation.[2]

One of the key advantages of Ascent Solar's technology is its high power-to-weight ratio, which allows for greater efficiency and flexibility in applications where weight and portability are important factors. The company's products are also highly durable and can withstand extreme temperatures and harsh environments.[2]

Ascent (OTC: ASTI) has two consumer products available on Amazon, the 1 Meter WaveSol Panel for 12 Volt Charging-25 Watt[3] and the 2 Meter WaveSol Panel for 24 Volt Charging-50 Watt.[4]

Thornton Facility[edit]

In March, 2023, Ascent Solar announced the repurposing of its Thornton facility to accelerate the industrial-scale commercialization of high-efficiency perovskite solar modules. The company intends to use its proprietary technology to produce high-performance solar modules that are cost-effective and can be easily integrated into a range of applications. The company believes that this move will help it become a leader in the perovskite solar module market and enable it to offer customers a compelling alternative to traditional silicon-based solar modules.[5]

Asset Acquisition[edit]

Ascent Solar Technologies Inc. has taken the first step in its strategic plan by executing a term sheet for the acquisition of assets from a leading European thin-film solar manufacturer. The acquisition will help Ascent Solar to expand its technological capabilities and strengthen its position in the global solar market. As per the terms of the agreement, Ascent Solar will acquire equipment, inventory, and intellectual property from the European company. The company intends to use the acquired assets to develop and manufacture innovative thin-film solar products that offer high efficiency and durability. The acquisition is subject to the completion of due diligence and the finalization of a definitive agreement.[6]


Ascent Solar Technologies has secured $50 million in equity-based financing through a private placement of its common stock. The proceeds from the financing will be used to fund the company's growth initiatives, including the development of its thin-film solar technology and the expansion of its manufacturing capabilities. The financing was led by a group of institutional investors, and the company expects to close the transaction in the first quarter of 2023. Ascent Solar's CEO expressed gratitude for the support of its investors and stated that the financing will allow the company to execute its strategic plan and capitalize on the growing demand for its solar technology.[7]

Stock Split[edit]

On 12/2/2021 the company issued a statement regarding a previously proposed reverse stock split, with the following details:[8]

  1. A definitive 14C information statement was filed with the SEC on November 29, 2021 and will be mailed to shareholders
  2. There is a required waiting period which ends on 12/20/21, after which the company intends to complete the reverse split as soon as possible, subject to FINRA review and approval
  3. A reverse split ratio of between 1-for-1,000 and 1-for-10,000 has been approved by the board and majority shareholders, and the board will determine the final ratio


It is rumored that the company intends to uplist to the NASDAQ after the reverse split in order to improve its ability to attract investors.[9]

The page is authored by: Wisdom Tree