Loading...
Loading...
Cantor Fitzgerald maintained its Sell rating and $0.25 price target on Ascent Solar Technologies
ASTI.
Cantor Fitzgerald noted, "On November 8, the company filed its 10-Q for the September quarter. The company reported revenues of $556k compared with our estimate of $1 million. Surprisingly, product revenues of $474k consisted of $405k of revenues to privately held TFG Radiant. TFG owns 31% of Ascent, and as far as we can tell, TFG Radiant has no assets other than its shares in Ascent. Excluding TFG Radiant, product sales of $69k for its EnerPlex covers indicate to us that there is very little market acceptance."
Ascent Solar Technologies closed at $0.69 on Thursday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in