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ASTI
ACCE-researched

Ascent Solar Technologies Inc. Common Stock (ASTI) fair value

Technology · Solar · NASDAQ · United States
$1.71-3.39%
Market cap $17MNext earnings 2026-11-09Updated Oct 18, 2026
Add earnings to calendarGoogle
Our verdict
Trades 33% above our fair value
Price
$1.71
Model fair valueConfidence: low
about $1.29
Built from weaker models, sales multiples or analyst targets, so treat it as a rough guide.
Not used by alerts or posts.
Valued as a pre-revenue company: Net cash floor.
ACCE opinionAscent Solar Technologies Inc. Common Stock (ASTI)
Fair value
Not available
ACCE price target
$1.10
Rating
Not rated
Horizon
12 months
ACCE price target published on 18 Oct 2026, 01:52 CEST; previously $2.00 since 2 Oct 2026, 00:00 CEST.
Price used: $1.71 at the close on 23 Oct 2026, 22:00 CEST.
Models: Net cash floor.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Full methodology
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
ACCE score
31
out of 100
Analysts
100% buy
1 covering
P/E
0.0x
forward 14.5x
1-year return
-22.3%
Dividend yield
0.00%

Ascent Solar Technologies Inc. Common Stock in four questions

Plain answers, details below
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OverviewAsk ACCEValuationQualityAnalystsSmart MoneyCompareNews and Record

Overview

ACCE thesis

Ascent Solar makes thin-film photovoltaic modules, using a CIGS-type process that it has positioned for space and specialty applications rather than utility-scale rooftops. Its edge is narrow: a small set of flexible, lightweight cells with qualification history in aerospace and defense, which is a niche that larger silicon producers do not serve well. The growth figure of 461% reflects a very small revenue base recovering from a low point, not a scaling business, and gross margin at -1486% and operating margin at -2044% show the company is still selling product below cost. With a market cap of about $23 million and a Fwd PE of 14.5 that rests on forecasts with little track record behind them, the name only merits a look if the team sees a credible path to positive gross margin in the next few reporting periods. Absent that, the score of 36/100 and the negative ROE of -86.6% point to a balance sheet that needs close review before anything else.

AI-assisted·How I use AIWritten Oct 18, 2026
⚠ Investor warnings · 5 flagsAI-assisted·How I use AI
  • severe
    Massive operating losses
    Operating margin of -2043.5% with negative FCF of $3.9M. Company is burning cash at an unsustainable rate despite 461% revenue growth.
  • high
    Earnings collapse
    Earnings down 90.2% YoY while revenue surged 461%. Suggests severe margin deterioration or one-time charges overwhelming top-line gains.
  • high
    Score deterioration
    ACCE score fell 7 points in 90 days (44 to 37). Quality and Momentum scores particularly weak at 31 and 25 respectively.
  • high
    Insider selling pressure
    Insiders sold $0.4M with zero buys in last 10 disclosures. No confidence signal from management despite growth headline.
  • moderate
    Valuation disconnect
    P/S of 93.1 is extreme for a loss-making business. Forward P/E of 14.5 assumes earnings recovery that current trajectory does not support.

AI research notes

AI-assisted·How I use AIWritten Oct 11, 2026 · figures from 2026-06-30 · prices to Oct 23, 2026
Why it could do well
  • Revenue surged 461.3% year over year, signaling strong demand for the company's solar technology products.
  • A debt-to-equity ratio of 0.07 leaves substantial borrowing capacity to fund growth without diluting shareholders.
Why it could disappoint
  • The company burned $4M in free cash flow over the last twelve months against a $2.18 stock price and tiny market cap.
  • Share count exploded 189.6% in the last fiscal year, eroding per-share value even if revenue continues climbing.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.

Next results

Nov 9, 2026
We update the fair value about 2 days after the results, once the new figures are filed.Add to calendarGoogle

Walk me through this stock

Plain-English pros, cons, and what to watch. Pro feature.

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Valuation

INVESTOR
Where ASTI's valuation models land
Price
$1.71
Model fair valueConfidence: low
about $1.29
Model
Fair value
Upside
Net cash floor
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Quality

INVESTOR
Quality and conviction INVESTOR FEATURE

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  • +A plain reason under every score
  • +Conviction breakdown and growth / value / quality / momentum scores
  • +Score history: how each score moved over time

Analysts

Wall Street consensus

Bullish100% buy · 1 covering analyst
● Strong buy 1● Buy 0● Hold 0● Sell 0● Strong sell 0
Analyst intelligence INVESTOR FEATURE

The full analyst picture: the price-target distribution against the current price, forward consensus estimates, and how ACCE's own models compare.

  • +Price-target low / average / high vs the current price, with implied upside
  • +Forward revenue and EPS consensus by fiscal year
  • +ACCE fair-value models lined up against the Street

Smart Money

PRO

In one line

Trades are only made public after a delay. We show the delay so you know how old the news is.

Company insiders
No trades filed
Last 90 days
Congress
No trades filed
Last 180 days
Average delay
No trades filed
From trade to public filing
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Smart money tracking PRO FEATURE

Follow the informed money: 13F position changes, insider and Congress trades, and 13D activist filings.

  • +Quarter-over-quarter institutional position changes
  • +Every insider and Congress trade, with how late it was disclosed
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Compare

Where it sits vs peers

News and Record

Press releases mentioning this company

Recent performance

1 week
-7.6%
1 month
-41.2%
3 months
-42.0%
6 months
-64.1%
YTD
-58.4%
1 year
-22.3%

SEC filings

Recommendation history, last 12 months

DateTypeNewPreviousPrice
18 Oct 2026, 01:52 CESTACCE price target$1.10$2.00$1.85
2 Oct 2026, 00:00 CESTACCE price target$2.00first publication$2.30

This analysis is not personalised investment advice and does not take your situation, objectives or risk tolerance into account. ACCE Investments is not an authorised investment firm.

Investing in shares carries a risk of losing capital. The value of an investment can go down as well as up.

Valuation horizon: 12 months from the publication date.

Conflicts of interest. ACCE Investments is operated by Adrien Chantreuil, who may hold personal positions in the securities analysed. Positions are declared on each security. ACCE receives no payment from the companies analysed or from any intermediary for this analysis.

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Snapshot

Growth64Value15Quality27Momentum17Total31
Valuation
Trailing P/E
0.0x
Forward P/E
14.5x
PEG
no data
P/B
1.87x
EV / Revenue
79.3x
Book value/sh
$1.56
Enterprise value
$15M
Profitability
ROE
-86.6%
FCF yield
-39.92%
ROIC
no data
Health and risk
Debt / equity
0.44
Dividend yield
0.00%
Beta
2.37

Price

-24.3% · 1Y

Ask anything about ASTI

Answered from Ascent Solar Technologies Inc. Common Stock fundamentals + recent valuations. Every number shows its source and date.

This stock Peer Peer median weaker → stronger
P/Ebetter than 100% of peers
low 0.0x0.0xhigh 0.0x
ROEbetter than 17% of peers
low -956%-87%high 0%
Div yieldbetter than 100% of peers
low 0.0%0.0%high 0.0%

Peers

Prices Oct 23, 2026
CompanyPriceFair valuevs fair valueP/EROEQualityScore
ASTI Ascent Solar Technologies Inc. Common Stock$1.71----86.6%2731
SMXT Solarmax Technology Inc. Common Stock$4.30---0.0%1631
BEEM Beam Global Common Stock$0.91----72.7%3131
SUNE SUNation Energy Inc. Common Stock$1.94----24.5%3547
FTCI FTC Solar Inc. Common Stock$1.48----955.8%1333
ZEO Zeo Energy Corporation Class A Common Stock$0.27----31.1%4327
SPRU Spruce Power Holding Corporation Class A Common Stock$1.33----5.5%4627

Sector report card

Where ASTI ranks against its sector peers on each metric.

Computing percentiles…
  • GlobeNewswire•Sep 9, 2026
    Ascent Solar Technologies Expands Commercial and Defense Industry Expertise with Strategic Leadership Appointments
  • GlobeNewswire•Aug 18, 2026
    Ascent Solar Technologies Broadens Thin-Film Space PV Testing Program to Expand on NASA’s Results as Demand Grows for Multi-Orbit Solar Solutions
  • GlobeNewswire•Aug 5, 2026
    Ascent Solar Technologies Meets Growing Drone Market Demand; Reinforces Primary Space Industry Focus
4 more press releases · full archive on Investor+.INVESTOR
26 filings of 40
September 2026
Sep 15
Form 4Insider transactionPeriod 2026-09-11
View on SEC →
August 2026
Aug 27
Form 4Insider transactionPeriod 2026-08-25
View on SEC →
Aug 6
10-QQuarterly reportPeriod 2026-06-30
View on SEC →
23 more filings + AI summaries on Investor+.INVESTOR