Ascent Solar Technologies
Flexible CIGS solar modules for weight-sensitive specialty applications.
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Profile
Manufactures flexible CIGS photovoltaic modules and provides engineering services for specialty applications where rigid panels may not fit. Its one PV segment targets aerospace, satellite, UAV, and other weight-sensitive uses, with sales primarily in North America.
Manufactures flexible CIGS photovoltaic modules and provides engineering services through a single PV segment. The modules target uses where rigid panels may not fit, including aerospace, satellites, near-Earth-orbit vehicles, fixed-wing UAVs, and power beaming. Its flexible form factor supports applications demanding high power-to-weight and power-to-area performance in demanding settings.
Sales were primarily in North America at year-end 2025. Production, R&D, and process work are based in Thornton, Colorado, with limited industrial-scale capacity. Commercial traction relies on direct customers, distributors, value-added resellers, and e-commerce channels, alongside concentration in a single customer.
Company facts
Categories
Key statistics
Year to date −28.3% · Average volume (30d) 330.0K
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 6, 2026Q2 FY26 | −$0.19 | −$0.19 | 0.0% | $95.0K | $95.2K | +0.2% | −0.62% |
| May 8, 2026Q1 FY26 | −$0.19 | −$0.27 | −42.1% | $51.9K | $51.9K | 0.0% | +7.64% |
| Mar 20, 2026Q4 FY25 | — | −$0.40 | — | — | $15.6K | — | +2.15% |
| Nov 10, 2025Q3 FY25 | — | −$0.62 | — | — | $28.5K | — | −2.94% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $15.6K | $17.0K | $28.5K | $15.6K | $51.9K | $95.2K | |
| Gross profit | −$8.5K | −$11.6K | −$60.4K | −$666.6K | −$18.8K | −$65.6K | |
| Operating income | −$1.7M | −$2.1M | −$2.0M | −$2.1M | −$2.3M | −$1.9M | |
| Net income | −$1.7M | −$2.1M | −$2.0M | −$2.1M | −$2.2M | −$1.8M | |
| Diluted EPS | −$1.13 | −$1.17 | −$0.62 | −$0.44 | −$0.27 | −$0.19 | |
| Gross margin | -54.3% | -68.7% | -211.7% | -4,262.3% | -36.2% | -68.9% | |
| Operating margin | -11,177.9% | -12,316.8% | -6,892.3% | -13,243.9% | -4,355.6% | -2,043.5% |
Fiscal years (4-quarter sums)FY21 $607.8K · FY22 $1.2M · FY23 $458.3K · FY24 $41.9K · FY25 $76.8K
Revenue by product · Q1 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $14.5M · Total debt $1.1M · Total assets $18.1M · Shareholders' equity $15.3M
Dividends
No dividends on record.
Ownership
Shares outstanding 9.46M · Float 8.93M · 94.4% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Ryan Taylor | 946.1K | 9.90% | 13G | May 12, 2026 |
| Jane Street Group, LLC | 501.9K | 5.30% | 13G | Jun 24, 2026 |
| Arosa Capital Management LP | 150.0K | 1.59% | 13F | May 15, 2026 |
| UBS Group AG | 148.4K | 1.57% | 13F | May 5, 2026 |
| Vanguard Capital Management LLC | 89.0K | 0.94% | 13F | May 15, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 27, 2026 | Reynolds T. Forrest | director | −5,000 | $3.10 |
| Aug 25, 2026 | Reynolds T. Forrest | director | −4,120 | $3.05 |
| Jun 2, 2026 | Reynolds T. Forrest | director | −5,000 | $9.45 |
| May 29, 2026 | Reynolds T. Forrest | director | −7,843 | $9.15 |
| Dec 30, 2025 | Reynolds T. Forrest | director | −521 | $4.62 |
Peers
- Rocket Lab
Space solar cells and arrays for satellite and deep-space missions
- Redwire
Deployable solar arrays for spacecraft and commercial space stations
- First Solar
Large-scale thin-film PV modules using cadmium telluride technology
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Ascent Solar Technologies | $2.93 | +0.76% | $27.6M | — | — | 144.4 | +461.3% |
| Rocket Lab | $64.56 | +0.25% | $37.27B | — | — | 48.5 | +62.0% |
| Redwire | $10.87 | 0.00% | $2.60B | — | — | 6.1 | +89.6% |
| First Solar | $205.40 | +0.47% | $21.97B | 12.6 | 9.7 | 4.1 | −3.7% |
| Median | 12.6 | 9.7 | 6.1 | +62.0% |