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Ascent Solar Technologies, Inc. Common Stock logo

Ascent Solar Technologies, Inc. Common Stock

ASTI
23
Solar · Technology
Price
$3.00
-0.06 (-1.96%)
Market Cap
$10.4M
Exchange
NASDAQ Capital Market
Winston Score
23
Winston is worried
Weak fundamentals across most pillars.

Share count rising — dilution

+1069269.9% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 239 (2021) → 2.6M (2025)

Ascent Solar Technologies makes thin-film solar panels using a special material called copper indium gallium selenide (CIGS). Unlike regular solar panels, their products are lightweight and flexible, meaning they can be attached to curved surfaces, fabrics, or portable devices. The company targets niche markets like the military, aerospace, and outdoor consumer products where traditional rigid panels do not work well.

Ascent Solar earns money by selling its flexible solar modules and through research contracts, often with government agencies. The company is very small, based in Thornton, Colorado, and has struggled to reach consistent profitability — its deeply negative margins show it spends far more than it earns. The key risk is that Ascent has had ongoing financial difficulties, including reliance on outside funding to keep operating, and it faces intense competition from much larger solar manufacturers with lower production costs.

Winston Score History

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+232.5% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

+76.1% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$2M/ year

Rising (+6% vs prior year)

>1,000% of revenue

212.2x the sector average (15%)

Investing heavily in future products and technology

Insider Activity

14.8%ownership

Insiders own a meaningful stake in the company

Cash Runway

~17 months

$16M cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

Adequate runway but may need to raise capital within 2 years

Revenue accelerating

Ascent Solar Technologies, Inc. Common Stock grew revenue 232% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Gross Margin
-36.2%
Thin — -36.2% gross margin
Operating Margin
-4355.6%
Losing money on operations — -4355.6%
ROCE
-13.0%
Weak — -13.0% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY
+117.8%
Fast-growing sales (117.8% YoY)
EPS YoY
N/A
Data not available
EPS Consistency
0/8 quarters
Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion
N/A
Data not available
FCF Margin
-7278.9%
Burning cash (-7278.9%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity
0.04
Conservative — low debt load (0.04)
Interest Cover
N/A
Data not available

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Valuation

P/E Ratio (TTM)
N/M
Negative earnings — P/E not meaningful
P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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