Ascent Solar Technologies Inc (ASTI)

[Televet]

Ascent Solar Technologies: Burning Cash And Far From Profitable
Jan. 08, 2023 4:00 AM ET

https://seekingalpha.com/article/4568526-ascent-solar-technologies-are-burning-cash-and-far-from-profitable?mailingid=30185736&messageid=2800&serial=30185736.484&utm_campaign=rta-stock-article&utm_medium=email&utm_source=seeking_alpha&utm_term=30185736.484

Conclusion

Ascent Solar Technologies is a company producing a one of a kind technology of ultra thin and flexible PV film. They have managed to secure some government contracts and have a pretty niche sector to generate revenues from.

With a balance sheet in shambles and a revenue report that leaves question marks it doesn't seem ASTI are right now where they could be, with 50% less cash compared to last year because of a departing CEO and investments in current assets. Another part keeping me away is the large increase in outstanding shares. It's a new company in need of raising capital, so it should be expected. But there are limits.

The share dilution of ASTI
.3 1.4 3.9 22.5

I think that investing right now into ASTI is very dangerous as the dilution is incredibly high and the company is not even profitable yet. This makes the valuation very high and creates a large downside risk. I would sell any shares I had if I were invested at these times. Until the company manages to be profitable I think there is too much risk here and therefore will stay away.