ASTI · NASDAQ · Solar

Ascent Solar Technologies (ASTI)

Flexible CIGS solar modules for weight-sensitive specialty applications.

$2.94
vs last close−0.20 (−6.37%)
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Ascent Solar Technologies, Inc. Common StockASTI
Information Technology

Manufactures flexible CIGS photovoltaic modules and provides engineering services for specialty applications where rigid panels may not fit. Its one PV segment targets aerospace, satellite, UAV, and other weight-sensitive uses, with sales primarily in North America.

Manufactures flexible CIGS photovoltaic modules and provides engineering services through a single PV segment. The modules target uses where rigid panels may not fit, including aerospace, satellites, near-Earth-orbit vehicles, fixed-wing UAVs, and power beaming. Its flexible form factor supports applications demanding high power-to-weight and power-to-area performance in demanding settings.

Sales were primarily in North America at year-end 2025. Production, R&D, and process work are based in Thornton, Colorado, with limited industrial-scale capacity. Commercial traction relies on direct customers, distributors, value-added resellers, and e-commerce channels, alongside concentration in a single customer.

Company facts

CEOPaul Warley
ListedAug 24, 2022
ExchangeNASDAQ
HeadquartersThornton, CO
CountryUnited States
Employees18
CIK0001350102
ISINUS0436358040

Market cap$29.7M
EPS (ttm)−$1.52
P/E (ttm)−2.07
ROE-85.2%
P/B1.95
P/S155.28
Dividend yieldDiv yield
Beta5.26vs XLK 1.16

No analyst consensus on record.

Next report
Nov 9, 26
estimated · in 47 days
EPS estimate
−$0.21
Revenue estimate
$125.0K
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Mar '25May '25Aug '25Nov '25Mar '26May '26Aug '26Nov '26
Reported−$1.00−$1.13−$1.17−$0.62−$0.40−$0.27−$0.19Pending
Estimate−$0.19−$0.19−$0.21
Surprise−42.1%0.0%

RevenueReportedEstimate

Mar '25May '25Aug '25Nov '25Mar '26May '26Aug '26Nov '26
Reported$547.1K$15.6K$17.0K$28.5K$15.6K$51.9K$95.0KPending
Estimate$51.9K$95.0K$125.0K
Surprise0.0%0.0%
Estimate−$0.21
ReportedDue Nov 9, 2026
Estimate$125.0K
ReportedDue Nov 9, 2026
View details

Debt to equity7.40%
Current ratio630.90%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$8.6K$0$15.6K$17.0K$28.5K$15.6K$51.9K$95.2K
Net income−$1.7M−$1.5M−$1.7M−$2.1M−$2.0M−$2.1M−$2.2M−$1.8M
Net margin0.0%0.0%0.0%0.0%0.0%0.0%0.0%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income−$2.3M−$1.4M−$1.7M−$2.1M−$2.0M−$2.1M−$2.3M−$1.9M
YoY growthLoss narrowedLoss narrowedLoss narrowedLoss narrowedLoss narrowedLoss widenedLoss widenedLoss narrowed

Balance sheet, Jun 30, 2026Cash & short-term investments $14.5M · Total debt $1.1M · Total assets $18.1M · Shareholders' equity $15.3M

Revenue
$95.2K
Operating income
−$1.9M
Net income
−$1.8M
View details

No dividends on record.

Institutions20.68%2.03M shares
38 holders · as of Jun 30, 2026
Insiders9.64%946.5K shares
3 holders · as of Sep 15, 2026
Other69.68%6.84M shares
remainder

9.82M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Ryan TaylorInsider
9.64%946,100filed May 12, 2026
Vanguard Capital Management LLCInstitution
3.90%382,637as of Jun 30, 2026
Soviero Asset Management, LPInstitution
3.77%370,000as of Jun 30, 2026
Jane Street Group, LLCInstitution
3.47%340,196as of Jun 30, 2026
DNB Asset Management AsInstitution
2.70%265,360as of Jun 30, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Sep 11, 2026Reynolds T. Forrestdirector−22,152$2.89
Aug 27, 2026Reynolds T. Forrestdirector−5,000$3.10
Aug 25, 2026Reynolds T. Forrestdirector−4,120$3.05
Jun 2, 2026Reynolds T. Forrestdirector−5,000$9.45
May 29, 2026Reynolds T. Forrestdirector−7,843$9.15
View details

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Compare

CompanyPriceChange
Ascent Solar Technologies$2.94−6.37%$29.7M155.3+460.1%
Rocket Lab$71.61−0.52%$41.67B54.2+62.0%
Redwire$11.45−2.68%$2.81B6.6+89.6%
First Solar$200.35−0.21%$21.58B12.49.44.0−3.7%
Median12.49.46.6+62.0%