Ascent Solar (ASTI) announced yesterday that it is partnering with Sunload Mobile Solutions who will act as an authorized distributor for its flexible, thin film solar modules in Europe.  The partnership is expected to open up significant opportunities for ASTI in the off grid battery power and portable power markets within Europe.

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Ascent Solar President and CEO Farhad Moghadam stated, "We are pleased to announce our agreement with Sunload Mobile Solutions. This relationship establishes a partnership through which we expect to market our lineup of flexible, lightweight CIGS modules for off-grid portable power. The innovative European market represents a significant opportunity for Ascent’s portfolio of products. We welcome Sunload Mobile Solutions to our network of distributors.”

Technically, shares of ASTI have looked more bullish in recent weeks but remain in a long basing pattern.  I typically avoid shares of any stock until it has cleared resistance of the 50 and 200 day moving averages, but for the long term investor shares may offer a compelling entry point down here.