Welcome to our dedicated page for Ascent Solar Technologies news (Ticker: $ASTI), a resource for investors and traders seeking the latest updates and insights on Ascent Solar Technologies stock.
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Rhea-AI Summary
Ascent Solar Technologies (Nasdaq: ASTI) announced an efficiency increase in its proprietary CIGS technology from 17.55% to 17.73%. This achievement will result in more powerful and lightweight Plug & FlyTM integrated thin-film solar array subsystems, offering drop-in replacement array panels for satellites and addressing concerns about space debris. Ascent anticipates product deliveries for Q1/Q2 2024 with increased annual production capacity, providing customers with lower product costs and superior power capabilities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.33%
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Rhea-AI Summary
Ascent Solar Technologies (ASTI) announced the upcoming release of a new solar module called Titan, optimized for use in space with a record power output of 17.55% efficiency. The module is expected to ship in Q1 2024 and has a power output of 17 watts. It is one square foot in size, weighs 10 grams, and has a specific power of 2100 W/kg. Titan will be the standard building block for Ascent's line of Space Hardware Developer Kits (HDKs).
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.85%
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Rhea-AI Summary
Ascent Solar Technologies (ASTI) announced a milestone achievement in its proprietary CIGS technology, with a 17.55% efficiency increase. The improvement was achieved through the addition of rubidium fluoride to the chemistry and enhancements to the manufacturing process. This will result in an increase in specific power from 1900 W/kg to 2100 W/kg, making the solar energy system more powerful and lightweight. ASTI plans to further improve efficiency by incorporating Zn(O,S) and optimizing the chemistry. The company has reached the minimum efficiency required by satellite companies (17%) and is well positioned for commercialization.
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Rhea-AI Sentiment
End-of-Day
-10.54%
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Rhea-AI Summary
Ascent Solar Technologies announces achievement of Specific Power of 1900 W/kg for its latest CIGS technology. This breakthrough is particularly impressive for power solutions in the space environment. Ascent's thin-film solar is radiation resistant, lightweight, and flexible, making it ideal for use in space. The increased power density allows for more power without increased launch costs.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.17%
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Rhea-AI Summary
Ascent Solar Technologies has received an “Encouraged” decision from the Department of Energy for its concept paper on the development of agrivoltaic systems. The company will now move forward with the application process to secure funding. Agrivoltaics, the coupling of solar panel installs among rows of crops, is a high-growth sector with a projected annual growth rate of 10%+. Ascent Solar believes its thin-film solar technology is well-suited for agrivoltaic applications.
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Rhea-AI Sentiment
End-of-Day
21.33%
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Ascent Solar reduces outstanding debt to $1.7M after recent public offering
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Rhea-AI Sentiment
End-of-Day
-7.81%
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Ascent Solar Technologies, Inc. has closed its public offering, raising approximately $10.3 million. The company plans to use the proceeds to retire outstanding debt and for general expenses.
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Rhea-AI Sentiment
End-of-Day
-7.43%
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Rhea-AI Summary
Ascent Solar Technologies, Inc. announces a 'best efforts' public offering of 3,572,635 units at $2.88 per unit. The offering is made by means of a prospectus. Dawson James Securities, Inc. is the exclusive placement agent.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-66.77%
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Rhea-AI Summary
Ascent Solar Technologies (ASTI) achieves a cell production efficiency increase of 15.5% in its CIGS solar technology, a significant improvement from the 10.8% standard efficiency in 2012. The company expects further efficiency gains through the use of zinc oxysulfide, potentially increasing overall efficiency by 1% to 1.5%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.98%
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Rhea-AI Summary
Ascent Solar Technologies, Inc. will complete a 1-for-200 reverse stock split, aiming to meet Nasdaq listing standards and increase per share price.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
16605.9%
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Ascent Solar Technologies, Inc.
Nasdaq:ASTI
ASTI Rankings
ASTI Stock Data
2.41M
3.03M
1.46%
2.07%
9.87%
Semiconductor and Related Device Manufacturing
Manufacturing
United States of America
THORNTON
About ASTI
ascent solar technologies, inc. headquartered in thornton, co is a developer of thin-film photovoltaic modules with substrate materials that can be more flexible and affordable than most traditional solar panels. ascent solar modules can be directly integrated into standard building materials, space applications, consumer electronics for portable power or configured as stand alone modules for large scale terrestrial deployment.