Ascent Solar (ASTI) Stock: Why This Stock Will Skyrocket!

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Ascent Solar Tech (NASDAQ: ASTI)

Ascent Solar is an incredible company. They have found a way to reduce the weight of solar panels and make them incredibly effective in the process. While the company is trading around $0.11 now, I believe that it’s presenting a strong opportunity to get in on a low cost stock that is going to climb in a big way. Today, we’ll talk about several reasons that I believe ASTI will climb moving forward.

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ASTI Landed The GSA Schedule 56 Contract

In December of 2015, we heard big news out of Ascent Solar. The company announced that it had been granted the GSA Schedule 56 contract. This is a huge piece of news. That’s because ASTI products have quite a few applications that would be useful in a government setting. However, before the contract was granted, it was relatively difficult for governmental bodies to order the company’s products. Under the GSA Schedule 56 contract, all government agencies including the US Armed Services, US Forest Services, and several other agencies now have the ability to easily purchase products from ASTI. The lightweight solar technology is perfect for several agencies and will likely see large sales volume from the contract.

Patents

As mentioned above, Ascent Solar is focused on lightweight solar panels that produce large amounts of energy. To make these panels, there’s a proprietary manufacturing process. Another piece of news that we received surrounding ASTI in December was the fact that the company was granted two United States patents. Both of the patents were regarding the process by which ASTI manufactures the lightweight solar panels. These patents will help to ensure that the competition will have a hard time competing with the company.

Lightweight Solar Breakthrough

More recently, Ascent Solar announced that it has reached a breakthrough with regard to solar cells. The company has created superlight solar modules that have the ability to produce a massive amount of energy. In fact, the superlight solar modules are able to produce 1,700 watts per kilogram. This is an incredibly important achievement with regard to space and near-space applications as missions in and near space require a massive amount of money per pound of equipment. So, by reducing the weight and increasing the power produced by their modules, ASTI is likely to build quite the demand in this industry. In a statement, Joseph Armstrong, the co-founder and CTO of ASTI, had the following to say about the achievement:

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 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.”

The Bottom Line

The bottom line here is that ASTI is making huge moves in the lightweight solar industry, and those moves are likely to pay off. The company has a clear plan and is heavily focused on fulfilling their goals. With that said, I’m expecting to see gains in the value of the stock moving forward.

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What Do You Think?

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

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Hey, Im Joshua, the founder of CNA Finance. I enjoy following the trends in the market and finding the catalysts that are making the moves. If you want to get in contact with me, leave a comment below or email me at CNAFinanceHelp@gmail.com Please keep in mind that I am not an investment advisor and nor is CNA Finance. This is a news and information gathering outlet. We may work directly with some of the companies that we write about. If we have a business relationship with an issuer, we will mention that in the articles. We also have various affiliate relationships with advertisers and may be paid if you sign up for a service that you were referred to through our website.

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