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Ascent Solar Technologies CEO Shares Why Light-Weight And Flexible Solar Solutions Are Exactly What Space Needs - Ascent Solar Technologies (NASDAQ:ASTI)
Benzinga· 2026-02-10 13:15
Core Viewpoint - Ascent Solar Technologies Inc. is expanding its presence in the solar space market with innovative lightweight and flexible CIGS thin-film photovoltaic solutions [1] Group 1: Product Features - The company's solar products are lighter than competitors, allowing for easier transportation and installation in space [2] - The flexibility of the products enables them to be rolled up for protection against space debris, enhancing their utility in satellite applications [2] Group 2: Competitive Advantage - Ascent Solar has over 15 years of experience in manufacturing solar solutions, which contributes to its readiness to meet diverse customer needs [2]
Ascent Solar Technologies Spurs Development of CIGS PV Modules Capable of Generating Multiple Times More Power for Space Beaming
Globenewswire· 2026-02-05 13:00
Core Insights - Ascent Solar Technologies is advancing its development of distributed power receiving products in response to increasing demand for space-based energy beaming technologies [1][2] Group 1: Development Plans - The company is engaged in both internally funded R&D and collaborative efforts with NASA's Marshall Spaceflight Center and Glenn Research Center, with a successful conclusion expected this spring [2] - Results from these development programs will be presented at select space industry conferences later this year [2] Group 2: Technological Advancements - Ascent's solar module technology advancements are supported by its in-house manufacturing capabilities at a 5-MW production facility in Thornton, Colorado, allowing optimization of CIGS PV products for receiving sunlight and distributed power [3] - Partnerships, such as with Cislunar Industries, aim to enhance spacecraft power generation capabilities significantly [4] Group 3: Market Opportunities - The increased efficiency in power beaming capabilities is expected to enable profitable operations for space industry providers in emerging markets, including space data centers and in-space manufacturers [5] - Ascent has established relationships and completed deliveries to multiple companies in these growing sectors, positioning itself as a major technology solutions provider [5] Group 4: Company Background - Ascent Solar Technologies has 40 years of R&D and 15 years of manufacturing experience, with a strong IP and patent portfolio, making it a leader in high-performance, flexible thin-film solar panels [6] - The company's PV modules have been utilized in various applications, including space missions, airborne vehicles, and agrivoltaic installations, showcasing the versatility of solar power [7]
Ascent Solar Technologies Announces Closing of up to $25 Million Private Placement Priced At-The-Market Under Nasdaq Rules
Globenewswire· 2026-01-27 21:01
Core Viewpoint - Ascent Solar Technologies, Inc. has successfully closed a private placement, raising approximately $10 million, with potential additional proceeds of up to $15 million from the exercise of warrants [1][3]. Group 1: Financial Details - The private placement involved the sale of 1,818,182 shares of common stock and accompanying warrants at a price of $5.50 per share [1]. - The gross proceeds from the offering were approximately $10 million before deducting fees and expenses [3]. - If fully exercised, the series A and short-term series B warrants could provide an additional $15 million in gross proceeds [3]. Group 2: Warrants and Expiration - The series A warrants and short-term series B warrants have an exercise price of $5.50 and are immediately exercisable upon issuance [1]. - The series A warrants will expire five years from the effective date of the Resale Registration Statement, while the short-term series B warrants will expire eighteen months from the same date [1]. Group 3: Use of Proceeds - The company intends to utilize the net proceeds from the offering for general working capital needs [3]. Group 4: Company Overview - Ascent Solar Technologies, Inc. specializes in high-performance, flexible thin-film solar panels, with a strong background in R&D and manufacturing [6]. - The company's photovoltaic modules have been deployed in various applications, including space missions and commercial construction [7].
Ascent Solar prices 1.8M shares at $5.50 in private placement
Yahoo Finance· 2026-01-27 13:16
Core Viewpoint - Ascent Solar Technologies (ASTI) has entered into definitive agreements for a private placement of common stock and warrants, aiming to raise approximately $10 million in gross proceeds, with potential additional proceeds of $15 million if warrants are fully exercised [1]. Group 1: Private Placement Details - The company will sell a total of 1,818,182 shares of common stock and associated warrants at a price of $5.50 per share [1]. - The series A warrants will allow the purchase of up to 1,818,182 shares, while the short-term series B warrants will allow the purchase of up to 909,091 shares, both with an exercise price of $5.50 [1]. - The private placement is expected to close around January 26, subject to customary closing conditions [1]. Group 2: Warrant Expiration and Proceeds - The series A warrants will expire five years from the effective date of the Resale Registration Statement, while the short-term series B warrants will expire eighteen months from the same date [1]. - The gross proceeds from the offering are expected to be approximately $10 million before deducting fees and expenses [1]. - If the series A and short-term series B warrants are fully exercised on a cash basis, the company could receive an additional gross proceeds of approximately $15 million [1].
Ascent Solar Technologies Announces up to $25 Million Private Placement Priced At-The-Market Under Nasdaq Rules
Globenewswire· 2026-01-26 13:00
Core Viewpoint - Ascent Solar Technologies, Inc. has announced a private placement offering expected to raise approximately $10 million, with potential additional proceeds of up to $15 million from warrants [1][3]. Group 1: Offering Details - The company will sell 1,818,182 shares of common stock and warrants to purchase additional shares at a price of $5.50 per share [1]. - The series A warrants will expire five years from the effective date of the Resale Registration Statement, while the short-term series B warrants will expire eighteen months from the same date [1]. - The offering is expected to close on or about January 26, 2026, pending customary closing conditions [1]. Group 2: Financial Implications - Gross proceeds from the offering are anticipated to be around $10 million before deducting fees and expenses [3]. - If fully exercised, the series A and B warrants could generate an additional $15 million in gross proceeds [3]. - The net proceeds from the offering will be used for general working capital needs [3]. Group 3: Regulatory and Compliance - The securities are being offered in a private placement under Section 4(a)(2) of the Securities Act and have not been registered under applicable securities laws [4]. - The company has agreed to file registration statements with the SEC for the resale of the shares and warrants [4]. Group 4: Company Background - Ascent Solar Technologies has 40 years of R&D and 15 years of manufacturing experience, focusing on high-performance, flexible thin-film solar panels [7]. - The company's photovoltaic modules have been utilized in various applications, including space missions and commercial construction [8].
Elon Musk Boosts Solar Stocks—Here's What He Said
Benzinga· 2026-01-23 19:31
Core Insights - Elon Musk's endorsement of solar energy as the "linchpin" of the global power transition has led to a rally in the solar energy sector, with stocks like Canadian Solar, First Solar, and Sunrun experiencing significant gains [1] - Musk highlighted the electrical bottleneck created by the rapid growth of AI, advocating for solar energy as the primary power source for AI data centers, which could drive substantial demand for solar infrastructure [2] - Musk criticized U.S. solar tariffs as "artificial barriers" that increase deployment costs, suggesting that their removal could enhance market dynamics [3] - Musk proposed that small areas in the U.S. Southwest and regions like Sicily and Spain could provide energy for entire continents, and he predicted that space-based solar satellites could become a viable energy source within two to three years [4] Company Implications - First Solar, as a domestic manufacturing leader, may benefit from protectionism, but Musk's call for a competitive global market indicates a shift towards technological competition [5] - SunRun and SolarEdge, focusing on residential and inverter markets, are likely to gain from reduced hardware costs, which would promote consumer adoption of solar technologies [5]
Elon Musk Factor? Ascent Solar Technologies (ASTI) Stock Is Trending Overnight: What You Should Know - Ascent Solar Technologies (NASDAQ:ASTI), Tesla (NASDAQ:TSLA)
Benzinga· 2026-01-23 02:42
Core Insights - Ascent Solar Technologies Inc. (ASTI) shares surged 17.78% to $8.02 in after-hours trading following the announcement of its 2025 achievements and 2026 production schedule, closing at $6.81 on Thursday, reflecting a 53.03% increase [1][2] Group 1: Strategic Partnerships and Financial Developments - In 2025, Ascent Solar formed strategic partnerships with companies in the commercial space and defense sectors, including NovaSpark and Defiant Space [2] - The company closed a private placement of up to $5.5 million in 2025 and established rapid product delivery capabilities for civil and defense space missions [2] Group 2: Production and Deployment Plans - Ascent Solar is starting 2026 with existing orders for array deployments scheduled for Q1 and plans to deliver UAV arrays to European partners in the first half of the year [3] - The company expects to maintain momentum throughout the year by engaging with more potential partners and achieving greater efficiency milestones [3] Group 3: Technological Innovations - Ascent Solar partnered with the Georgia Institute of Technology to integrate its thin-film technology into unmanned aerial vehicle wings for ocean monitoring [4] - The company plans to conduct radiation and atomic-oxygen resilience testing through the first quarter [5] Group 4: Market Performance and Trading Metrics - Ascent Solar has a market capitalization of $32.09 million, with a 52-week range of $1.12 to $7.40, and has gained 129.29% over the past 12 months [7] - The stock is currently trading at 90.6% of its 52-week range, indicating a strong position, though caution is advised as it approaches its highs [7] Group 5: Industry Context - The stock surge coincided with comments from SpaceX CEO Elon Musk regarding plans to launch solar-powered AI satellites, highlighting the potential of solar panels in space to generate five times more energy than those on the ground [6]
Ascent Solar Technologies Reflects On 2025 Achievements and Milestones; Outlines 2026 Strategy and Goals
Globenewswire· 2026-01-22 13:00
Core Insights - Ascent Solar Technologies has made significant commercial progress and formed industry partnerships in 2025, positioning itself for continued growth in 2026 [1][2] Company Achievements - The company has established new strategic partnerships with various organizations, including NovaSpark and Emtel Energy, to achieve commercial goals in the defense industry [6] - Ascent Solar has closed a private placement of up to $5.5 million to support its initiatives [6] - The company is advancing its thin-film photovoltaic (PV) product capabilities, including enhancements for space-based applications and marine durability [6] Market Positioning - Ascent Solar's thin-film solar products are designed to meet the increasing demand from the defense industry for efficient and readily available technologies [2] - The company aims to maintain momentum by engaging with potential partners and achieving greater efficiency milestones throughout 2026 [2] Production and Development - The company has initiated an aggressive production schedule to fulfill existing orders for array deployments planned for Q1 2026 [6] - Ascent Solar is developing UAV arrays for European partners in the first half of the year, showcasing its commitment to international collaboration [6] Research and Innovation - The company is conducting advanced environmental testing to quantify the performance of its products in extreme conditions, including radiation and atomic oxygen resilience [6] - Ascent Solar is partnering with the Georgia Institute of Technology to apply thin-film technology to UAV wings, aiming for continuous flight capabilities for ocean monitoring [6]
Morning Market Movers: VTYX, CDIO, GLUE, EMAT See Big Swings
RTTNews· 2026-01-07 12:43
Core Viewpoint - Premarket trading is showing significant activity with notable price movements indicating potential investment opportunities before the market opens [1] Premarket Gainers - Ventyx Biosciences, Inc. (VTYX) increased by 57% to $15.79 [3] - Cardio Diagnostics Holdings, Inc. (CDIO) rose by 36% to $4.02 [3] - Monte Rosa Therapeutics, Inc. (GLUE) saw a 28% increase to $20.54 [3] - Momentus Inc. (MNTS) gained 27% reaching $12.50 [3] - BioAge Labs, Inc. (BIOA) went up by 13% to $17.50 [3] - Neumora Therapeutics, Inc. (NMRA) increased by 11% to $2.03 [3] - Mobileye Global Inc. (MBLY) rose by 10% to $13.45 [3] - Society Pass Incorporated (SOPA) increased by 10% to $3.47 [3] - SU Group Holdings Limited (SUGP) saw an 8% rise to $6.32 [3] - Critical Metals Corp. (CRML) gained 7% reaching $12.73 [3] Premarket Losers - Evolution Metals & Technologies Corp. (EMAT) decreased by 28% to $15.20 [4] - Ascent Solar Technologies, Inc. (ASTI) fell by 12% to $4.65 [4] - Apogee Enterprises, Inc. (APOG) saw a 10% decline to $33.30 [4] - Next Technology Holding Inc. (NXTT) dropped by 8% to $8.49 [4] - AST SpaceMobile, Inc. (ASTS) decreased by 7% to $90.45 [4] - Nomadar Corp. (NOMA) fell by 7% to $3.66 [4] - EZGO Technologies Ltd. (EZGO) decreased by 7% to $1.99 [4] - Cohen & Company Inc. (COHN) saw a 6% decline to $28.30 [4] - PMGC Holdings Inc. (ELAB) dropped by 4% to $5.34 [4] - Anghami Inc. (ANGH) decreased by 3% to $4.49 [4]
SeaStar Medical, Jet.AI And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session - Ascent Solar Technologies (NASDAQ:ASTI), Coincheck Group (NASDAQ:CNCK)
Benzinga· 2025-12-24 13:06
Core Viewpoint - U.S. stock futures are mostly lower, with Nasdaq 100 futures down approximately 0.1% [1] Group 1: Company Movements - SeaStar Medical Holding Corp (NASDAQ:ICU) shares fell 9.5% to $0.21 in pre-market trading following a 1-for-10 reverse split announcement [1] - Coincheck Group NV (NASDAQ:CNCK) decreased by 11% to $2.28 in pre-market trading [2] - Ascent Solar Technologies, Inc. (NASDAQ:ASTI) dropped 7.6% to $4.67 after a 30% increase on Tuesday [2] - Jet.AI Inc (NASDAQ:JTAI) fell 5.3% to $0.82 after a 28% decline on Tuesday, despite announcing a joint venture with Choo Choo Express for a 50-mw data center in Nevada [2] - Lifestance Health Group Inc (NASDAQ:LFST) declined 3.7% to $6.80 in pre-market trading [2] - Precision Drilling Corp (NYSE:PDS) fell 3.3% to $66.96 in pre-market trading [2] - Vasta Platform Ltd (NASDAQ:VSTA) decreased by 3.1% to $4.80 in pre-market trading [2]