Ascent Solar Technologies, Inc. (NASDAQ: ASTI)
In general, I advise against investing in penny stocks. When a stock trades at such a low value, there’s too much up in the air, and in many cases, losses can be very big, very quick. However, in the case of Ascent Solar, I have to change my opinion. The reality is that at current levels, ASTI is providing investors with an incredible discount. Today, we’ll talk about what we’ve seen from Ascent solar as of late, and why I’m so confident that at today’s value of $0.07 per share, this is a strong opportunity for investors.
What We’ve Seen From Ascent Solar Recently
If you look into fundamental data, there’s only been positive from ASTI recently. In fact, there have been two big news surrounding the stock that will likely lead to gains in the near future. Here’s what we’ve seen…
- Ascent Is Awarded Two Patents – First and foremost, we’ve recently heard news that Ascent Solar has been awarded two US patents. The patents surround the company’s manufacturing process. Specifically, how ASTI manufactures lightweight solar panels used for solar power on aerial vessels like plains, shuttles and more.
- Schedule 56 Contract – More importantly, ASTI has recently been awarded the GSA Schedule 56 contract. This is a huge piece of news for the company and its investors. That’s because under the GSA Schedule 56 contract, ASTI becomes a vendor to the United States government. This means that as a result of the contract, ASTI products can now easily be purchased by all government agencies including the US Forest Services, all branches of the United States military and others. Ultimately, this contract opens the door to a massive potential in future revenue for the company.
Why ASTI Is Going To Grow
The bottom line here is that Ascent Solar has created several products that are likely to see incredibly high demand. Ultimately, there are several reasons for the company’s lightweight solar systems to be used by government agencies, specifically the US armed services and US Forest Services. Outside of the GSA Schedule 56 contract, things are looking great for the company and its investors. These days, the global attitude toward the burning of fossil fuels is changing. For example, Paris reached a landmark climate change deal under a month ago. Under this deal 195 countries have worked to reduce emissions of greenhouse gasses, meaning that these countries will be forced to reduce reliance on fossil fuels. While this is horrible news for the oil market, it’s great news for the solar and renewable energy market.
The bottom line here is that demand for ASTI products will likely grow over the course of the next year or two. While this demand grows, sales will also grow, leading to strong earnings for the company which will naturally excite investors. As a result, we can expect to see tremendous gains in the value of ASTI over the long run.
What Do You Think?
Where do you think ASTI is headed and why? Let us know your opinion in the comments below!