The New Redwood Management Llc Holding in Ascent Solar Technologies, Inc
Redwood Management Llc filed with the SEC SC 13G form for Ascent Solar Technologies, Inc. The form can be accessed here: 000160423216000168. As reported in Redwood Management Llc’s form, the filler as of late owns 9.99% or 7,017,289 shares of the Industrials–company.
Ascent Solar Technologies, Inc stake is a new one for the and it was filed because of activity on August2, 2016. We feel this shows Redwood Management Llc’s positive view for the stock.
Ascent Solar Technologies, Inc Institutional Sentiment
Latest Security and Exchange filings show 13 investors own Ascent Solar Technologies, Inc. The institutional ownership in Q3 2015 is low, at 101.87% of the outstanding shares. This is increased by 14305372 the total institutional shares. 14995336 were the shares owned by these institutional investors. In total 4 funds opened new Ascent Solar Technologies, Inc stakes, 3 increased stakes. There were 0 that closed positions and 1 reduced them.
Kcg Holdings Inc is an institutional investor bullish on Ascent Solar Technologies, Inc, owning 79586 shares as of Q3 2015 for less than 0.01% of its portfolio. Fifth Third Bancorp owns 30 shares or less than 0.01% of its portfolio. NY Hudson Bay Capital Management Lp have 0.01% of their stock portfolio for 1601939 shares. Further, Vanguard Group Inc reported stake worth 0.01% of its US stock portfolio. The CA Fort Point Capital Partners Llc owns 600000 shares. Ascent Solar Technologies, Inc is 0.07% of the manager’s US portfolio.
Business Profile
Ascent Solar Technologies, Inc. is engaged in commercializing flexible photovoltaic (PV) modules using its technology. The Company’s manufacturing process deposits multiple layers of materials, including a thin film of copper-indium-gallium-diselenide (CIGS) semiconductor material, on a plastic substrate using a roll-to-roll manufacturing process and then laser patterns the layers to create interconnected PV cells or PV modules, in a process known as monolithic integration. The Company is producing consumer oriented products focusing on charging devices powered by its solar modules. It manufactures its products by affixing a thin CIGS layer to a flexible, plastic substrate using a roll-to-roll process. Its EnerPlex products are available on www.goenerplex.com and a range of third-party e-commerce sites, including www.amazon.com, www.bestbuy.com, www.walmart.com, www.newegg.com, www.frys.com, www.cabelas.com and several others.
SEC Form 13G is required when the filer owns between (5% and 20%) of a company and plans to hold it only as a passive investor. In case the filler intend to exert control and the stake’s exceeds 20%, then 13D Form must be filed. These filings can NOT be a precursor to “change of control” events such as hostile takeovers, company breakups or others.
About 2.66 million shares traded hands. Ascent Solar Technologies, Inc. (OTCMKTS:ASTI) has risen 6.00% since July 12, 2016 and is uptrending. It has underperformed by 3.31% the S&P500.
According to Zacks Investment Research, “ASCENT SOLAR TECHNOLOGIES, INC., is a development stage company formed to commercialize flexible photovoltaic modules using technology developed by ITN Energy Systems, Inc. Its manufacturing process deposits multiple layers of materials, including a thin film of copper indium gallium diselenide semiconductor material, on a flexible, lightweight, plastic substrate and then laser patterns the layers to create interconnected PV cells, or PV modules, in a process known as monolithic integration.”
