Ascent Solar Tech (NASDAQ: ASTI)
Ascent Solar has been an incredible stock to watch as of late. Now more good news is coming out with regard to the company, suggesting that this is a great stock to own – as I’ve been saying might I add! Today, we’ll talk about the positive information that was released about ASTI this morning, what we’ve seen from the company recently, and what we can expect to see from the stock moving forward.
Ascent Solar Receives US Patent
Earlier today, it was announced that ASTI was issued a US patent with regard to the manufacturing process of their solar technologies. The patent is specific to the manufacturing of the flexible thin-film photovoltaic modules that are used in the EnerPlex line of products. In a statement, Dr. Joseph Armstrong, CTO and Founder of ASTI, had the following to say:
“The patent illustrates the latest of improvements in our device construction, joining the patent family already issued for processes, designs, and products. This patent addresses next-generation back contacts which have the promise for reduced cost and improved overall performance. Recent results confirm that devices with this new construction can exceed 13% efficiency in the challenging space environment where the absence of earth’s atmosphere results in a higher generated electrical current…”
Don’t Forget Ascent’s Recent Government Contract!
The news with regard to the patent highlights the strength we’re likely to see from ASTI moving forward. Let’s not forget that the company was recently granted the GSA Schedule 56 contract. Under this contract, government agencies (including all branches of the United States Armed Forces), Federal Agencies, and many other clients now have the ability to easily purchase ASTI products. Following the announcement of this contract, Rafael Gutierrez, SVP and COO at ASTI, had the following to say:
“Ascent’s GSA Schedule 56 contract unlocks a large and previously untapped potential revenue opportunity. The Military applications for Ascent’s lightweight and durable solar products are numerous, particularly considering the MilPak platform, but there are a multitude of other applications for Ascent’s products ranging from disaster relief to use by the US Forest Services…”
What We’re Seeing In The Market Today
As history dictates, when positive news is released with regard to a publicly trade company, a positive market reaction is to follow. That’s exactly what we’re seeing today. Currently (10:56), ASTI is trading at $0.19 per share after a gain of 13.46%.
What We Can Expect To See Moving Forward
Moving forward, I have an overwhelmingly positive opinion of what we can expect to see from ASTI. With the new GSA Schedule 56 contract in place, we can expect to see increasing sales, leading to positive revenue and earnings changes. Also, with a new member to the ASTI patent family, the company has become that much more valuable. All in all, if you don’t have this stock in your portfolio yet, you may want to consider adding it.
What Do You Think?
Where do you think ASTI is headed moving forward? Let us know your opinion in the comments below!
[Image Courtesy of Wikipedia]
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