Ascent Solar Technologies Inc. Common Stock (ASTI)

FairStock Score: 19/100 — RISKY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I am wary when a business has a story bigger than its income statement. Ascent Solar sells specialty photovoltaic modules for space, aerospace, satellites, and drones, but the filed numbers are microscopic. In fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $95,203 and net loss was $1.8 million, with diluted EPS -$0.19. In fiscal Q1 2026, the quarter ended 2026-03-31, revenue was $51,944 and net loss was $2.2 million. For FY2025, period ended 2025-12-31, revenue was $76,773 and net loss was $7.8 million; FY2024 revenue was $41,893 and net loss was $9.1 million. So reported revenue is rising off a tiny base, but there is no profitability and no meaningful operating leverage yet. The balance sheet has low debt (D/E 0.07), which helps, but cash burn is severe: FairStock TTM free cash flow is -$7.4M, a FCF yield of -36.3% against the 2026-10-13 market cap. FairStock's Piotroski F-Score is 4/9 and Altman Z-Score is -34.13, signaling high financial distress risk. FairStock calculations show ROE of -86.58% and ROCE of -41.41%, so capital is being consumed, not compounded. The market cap of $20.3M against P/B 1.33 and negative P/E of -1.70 at the close does not provide a Graham-style margin of safety; the value depends on future contracts and financing, not present earnings. Without a durable moat, consistent positive gross profit, and self-funding cash flow, this is speculation, not investment. I would need evidence of recurring specialty orders and a path to profitability before calling it cheap.

In plain English: Ascent Solar makes specialty solar panels for aerospace, satellites and drones. It is very small, losing money, and brings in far too little sales to cover its costs. At $2.07, the price looks expensive compared with the current business because there is little profit or cash to support it.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer