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$5.07 -0.73 (-12.59%)
10/6/2008 4:00 PM

Ascent Solar Technologies, Inc. (ASTI)

CAPS Rating:
**

A development stage company that was formed to commercialize certain photovoltaic PV technology developed by ITN for extraterrestrial, terrestrial, and near-space applications.

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Avatar mjtrac (< 20) Submitted: 7/18/08 5:26 PM : Outperform Start Price: $9.39 ASTI Score: -28.83

Ascent makes rolls of lightweight CIGS on plastic. They are one third owned by Norsk Hydro, whose building systems group could probably use everything they'll be able to produce. They also have relationships with a Spanish roofing company, Itochu in Japan, and ICP Solar in Canada. Their material will be easier to use and less expensive to install in small applications than anything else out there. They are having success with their initial pilot plant and they are building out their first 30MW plant next year. They are priced at $9 after a secondary offering at $14 about two months ago. Their market cap is only $172MM, with a large percentage of that as cash.

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