Ascent Solar (ASTI) Soars On Thin Film BIPV Certification

Ascent Solar (ASTI) is rocketing higher another 30% today with heavy volume after the company announced this morning that they are the first flexible thin film solar module manufacturer to receive full IEC 61646 certification which includes testing the modules under conditions of extreme heat and humidity.  What this cert does is open the door for the company to begin making a big push into the building integrated PV market which is the fastest growing solar segment and expected to be a nearly $7 billion market within 5 years.

==> Click Here For Your FREE Daily Ascent Solar Technical Analysis

CEO of ASTI, Dr. Farhad Moghadam, commented, "Becoming the first monolithically integrated flexible CIGS module manufacturer to achieve IEC certification is a major industry milestone. We are now looking forward to demonstrating our ability to compete with existing technologies currently being used for large commercial, industrial and residential rooftop applications by adding new beta site installations in addition to those completed with existing and new potential customers that have been waiting for this development."

Technically, today’s move is very important further confirming the break of a long downtrend while clearing resistance of the 200 day moving average.  While the stock is probably too overdone on the upside in the shorter term, pull backs (particularly if it pulls back to the 3.50 – 3.60 level) would offer a compelling entry point.

One thought on “Ascent Solar (ASTI) Soars On Thin Film BIPV Certification”

Leave a Reply

Your email address will not be published. Required fields are marked *