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Solar Stocks on the Run; Ascent Solar Technologies, Inc. (NASDAQ: ASTI)

 

May 23, 2024 (Investorideas.com Newswire) Investorideas.com, a go-to platform for big investing ideas, reports on trading for Ascent Solar Technologies, Inc. (NASDAQ: ASTI), one of the top percentage gainers today on NASDAQ.

The stock is trading at 0.$2080, up 0.0766, gaining 59.7504% on volume of over 600 Million shares. The stock had a day's high of $0.34 on new news headlines from the company source. Is this another meme stock trading day for retail investors?

The last news was May 13th when Ascent announced it has begun developing prototype solar arrays in collaboration with the University of Stuttgart Institute for Building Energetics, Thermotechnology and Energy Storage (IGTE), an international research center focused on energy storage, renewable energies and indoor climate technology.

Though the project details are not yet publicly available, Ascent will likely ship its ultralight, highly durable and flexible thin-film technology this summer to meet IGTE's timeline for developing its power collection and storage systems.

Backed by 40 years of R&D, 15 years of manufacturing experience, numerous awards, and a comprehensive IP and patent portfolio, Ascent Solar Technologies, Inc. is a leading provider of innovative, high-performance, flexible thin-film solar panels for use in environments where mass, performance, reliability, and resilience matter. Ascent's photovoltaic (PV) modules have been deployed on space missions, multiple airborne vehicles, agrivoltaic installations, in industrial/commercial construction as well as an extensive range of consumer goods, revolutionizing the use cases and environments for solar power. Ascent Solar's research and development center and 4.5-MW nameplate production facility is in Thornton, Colorado.

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