Management anticipates EBITDA-positive operations of the acquired assets as early as the second half of 2023. This modern equipment supports ASTI’s focus on operational efficiency & optimization and is capable of roll-to-roll thin-film outputs up to one meter in width and one kilometer in length. ASTI intends to use this new European presence to provide in-region support for EU driven net zero initiatives and to support new demand in the U.S., Europe and Asia.Īdvanced Manufacturing Capabilities: The acquisition of Flisom AG’s 15MW thin-film solar manufacturing assets in Zurich, Switzerland increases Ascent’s nameplate capacity by 300%. Market Expansion: The transaction is expected to immediately provide ASTI with the opportunity and proven manufacturing capacity to establish new revenue streams in the Luxury Goods and Building Integrated Photovoltaics (BIPV) markets. ASTI’s management will pursue extending and expanding customer contracts, as the direct counterparty, as renewals become due. Transaction Rationale / Key Benefits & Capabilities in Agreement:Ĭommitted Contractual Revenue: ASTI will service production for Flisom AG’s outstanding contracts using the acquired assets. This strategic transaction reflects a significant milestone in ASTI’s turnaround plan by helping to deliver new committed contract revenue, increased production capacity and an international foothold as European and Asian governments adopt legislation to increase solar energy production and domestic manufacturing capabilities. The Company will continue to be headquartered in Thornton, CO and will commence manufacturing using its new 15MW roll-to-roll thin-film manufacturing assets in Zurich, CH immediately. innovator in the design and manufacture of featherweight, flexible, and durable CIGS thin-film photovoltaic (PV) solutions, announced today that it has completed a transaction to acquire the Zurich-based manufacturing assets of thin-film solar manufacturer, Flisom AG. and NIEDERHASLI, Switzerland, Ap(GLOBE NEWSWIRE) - Ascent Solar Technologies, Inc. (NASDAQ: ASTI) (“ASTI” or the “Company”), the leading U.S. On the date of publication, Chris MacDonald did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the Publishing Guidelines.Ascent Solar's acquisition of Flisom AG’s Zurich equipment establishes a new revenue stream, 300% more manufacturing capacity, and an international presence as European and Asian governments adopt legislation to increase solar energy production & domestic manufacturing capabilities What goes up in an elevator can come down just as quick, especially in this market. Thus, until we get some sort of clarity on what drove this move, ASTI stock is one I think investors want to be very careful with. That said, the extent to which this rally can continue remains to be seen. Momentum investors and algos may have picked up on this trend and carried it higher. It’s likely that a big buyer stepped in here and took over the float of this stock in short order. On little news, any sort of rally to this degree ought to be taken with a grain of salt. That said, today’s rally is something that’s considerably out of the ordinary. Thus, as far as a speculative growth investment goes, investors have good reason to look at ASTI stock. This company’s core product line is key to various growth areas of the market, including aerospace, defense and consumer/OEM applications. Let’s dive into whether ASTI stock may be worth a look right now.Ĭertainly, Ascent’s underlying technologies could provide compelling upside for long-term investors. With ASTI stock trading at a market capitalization of around $200 million after today’s rise, perhaps this is what whales are jumping on right now. This is expected to bring the company $75 million in growth capital, something investors seem to like. Securities and Exchange Commission (SEC) filing a few days ago tied to the reselling of its shares and an exercise of warrants. One item of note with respect to Ascent is a recent U.S. However, given the incredible size of volume underpinning today’s move, it’s clear this relatively low-float stock has some whales targeting it. Thus, it appears there’s something brewing with this solar-related name. This incredibly violent surge higher triggered a number of halts throughout the day. At one point, ASTI stock surged more than 100%, before giving up some of its gains early this afternoon. This small-cap provider of photovoltaic products used in solar chargers and other technologies is rocketing higher today. The award for the most impressive mover today has to go to Ascent Solar (NASDAQ: ASTI).
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