Ascent Solar Tech (ASTI) Stock: Yet Another Reason to Buy

Ascent Solar Tech (NASDAQ: ASTI)

Ascent Solar has made it’s way nearly to the top of my watch list as of late. If for no other reason, it’s been incredibly exciting to see what’s going on with this company. Over the past few weeks, we’ve seen reason after reason to buy! Today, yet another reason to be excited about ASTI has reared it’s head. Today, we’ll talk about the newest reason investors are so excited about ASTI, other news that is likely to lead to gains and what we can expect to see from the stock moving forward.

Ascent Solar Tech Receives Another Patent

Ascent Solar has been working incredibly hard on furthering their line of intellectual property, and that work is proving to be fruitful. Today, ASTI announced that it has been issued the second of two US Patents it was looking for. The patents both surround Ascents manufacturing process with regard to solar technologies, particularly in space indications. In a statement, Dr. Joseph Armstrong, CTO and founder of ASTI had the following to say with regard to the patent…

In conjunction with US patent 9,209,322 issued earlier this month and pending applications, Ascent secures an avenue of intellectual property rights covering multiple opportunities for improved processes and performance of the Company’s energy products… As Ascent pioneers the next generation of CIGS (Copper-Indium-Gallium-di-Selenide), this novel back contact, and the improvements related to our demonstrated ability to manufacture our PV on thinner plastics will lead to significant application opportunities not only in Ascent’s aerospace products, but in the Company’s EnerPlex consumer products as well.”

Other News That Says Gains Are On The Way

At this point, ASTI has been granted two US patents throughout the month of December. While this is enough to excite investors, it’s not the only positive news we’ve seen surrounding the stock recently. In other news, ASTI was recently granted the GSA Schedule 56 contract. The GSA Schedule 56 contract is a government contract that’s granted to companies who produce products that have various positive indications for use by the United States government. Companies that are granted this contract notice large spikes in sales as their products can easily be ordered by government agencies. As a result of this contract Ascent’s products can now be ordered by all branches of the US military, the United States Forest Services, and all other federal agencies. Because of this contract, we can expect the next earnings report produced by ASTI to be overwhelmingly positive.

What We Can Expect To See From ASTI Moving Forward

Moving forward, I have an overwhelmingly bullish opinion with regard to Ascent Solar. The company’s light weight solar products are an incredible feat of technology that has several uses by the United States military, US Forest Services, and consumers alike. With the new patents being issued, ASTI’s products are now more protected than ever before and with the new GSA Schedule 56 contract in mind, the company’s sales are likely to skyrocket. As a result, we can expect to see a positive earnings report release on the next release which will generate quite a bit of investor excitement. Ultimately, ASTI is making all of the right moves and likely to head upward in the market relatively soon.

What Do You Think?

Where do you think ASTI is headed moving forward and why? Let us know your opinion in the comments below.