Ascent Solar (ASTI) Climbs On Solar Achievement

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Ascent Solar Tech (NASDAQ: ASTI)

Ascent Solar is an incredible company that has seen its share of ups and downs as of late. However, today the stock is climbing in a big way on the announcement of an incredible achievement. ASTI has produced a lightweight solar panel that generates more electricity per kilogram than any other on the market. Today, we’ll talk about the details of this achievement, how the market reacted to the news, and what we can expect to see from ASTI moving forward.

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Ascent Solar Announces An Incredible Breakthrough In Superlight Solar

ASTI has achieved an incredible breakthrough. This breakthrough surrounds the power to weight ratio of its superlight solar modules. In the announcement Ascent stated that it has achieved a solar module that can produce 1,700 watts of power per kilogram. More importantly, this number is achieved operating at AMO or in a space like environment. This is an amazing feat because at this rate, ASTI has the ability to make solar modules that can weigh up to 66% less than current PV systems. So, why is this important?

When sitting on top of a house, weight isn’t much of a big deal when it comes to solar panels. However, ASTI is focusing on solar panels that are designed to travel into space! This is where weight is a make it or break it factor. With the new solar modules created by Ascent, the cost of operating satellites or even manned missions into space can be greatly reduced. After all, sending one pound into space can cost anywhere between several thousands of dollars to $1 million! So, reducing weight, even by as little as a few ounces, can prove to be a big money saver; and ASTI has done just that! In a statement, co-founder and CTO at ASTI, Dr. Joseph Armstrong, had the following to say…

There are several exciting aspects of this major breakthrough that make it significant for Ascent Solar… Ascent’s proprietary technology and unique manufacturing approach is ideally suited for space and near-space applications, as we are the only producer that utilizes both flexible copper-indium-gallium-selenide (CIGS) PV and monolithic integration. Our flexible substrate is the lightest of any in production, and monolithic integration results in a cell layout that is ideal for high intensity sunlight found in the space environment. Additionally, our modules can dramatically reduce the part count by over 90% compared to existing space solar array construction, thereby making assembly of large solar arrays for space and near-space applications easier, more cost effective, and more reliable. While the design specifications for the modules were optimized for the space environment, they will be very useful for other applications such as unmanned aircraft, drones, as well as other terrestrial applications.”

How The Market Reacted To The News

As investors, we have learned that any time we see positive news with regard to a publicly traded company, we can expect to see solid gains in the market as a result. While we are still in pre-market trading, it’s clear that investors are excited about this breakthrough. Currently (8:45), ASTI is trading at $0.13 per share after a gain of 30.93% so far today.

What We Can Expect From ASTI Moving Forward

If you follow my writing, you know that I’ve maintained a relatively bullish opinion of ASTI for quite some time now. That opinion as not changed. Today, we see yet another reason to be excited about the stock. This is on top of the GSA Schedule 56 contract that was granted in December; a contract under which ASTI products become easy to buy by government agencies like the military, US forest services, and more. All in all, it’s clear that ASTI is headed in the right direction, and even after more than 30% growth, I believe that there’s still opportunity for incredible gains here!

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What Do You Think?

Where do you think ASTI is headed moving forward and why? Let us know your opinion in the comments below!

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