According to StreetInsider.com, Wedbush Morgan is out this morning with coverage on two solar names – Ascent Solar Tech (ASTI) and Energy Conversion Devices (ENER).
* ASTI gets a Hold rating and $5.50 price target.
Wedbush analyst says, “CIGS manufacturing technology supports long-term prospects in high-end specialty markets. CIGS roll-to-roll manufacturing enables product use in various applications including BIPV, EIPV, and solar panels…Potential acquisition target by strategic partner or new market entrant. Provides interesting … Read the rest
Ascent Solar announced that it has signed a cooperation agreement with Spain’s Texsa S.A. Under the terms of the agreement, the companies will work together to develop building integrated photovoltaic roofing products for the European solar market. The products will be based on Texsa’s existing line of roofing products and use Ascent Solar’s flexible, thin film photovoltaic solar modules. Ascent will provide Texsa with some of the product from its 1.5 MW production initially, and … Read the rest
Ascent Solar announced today that the Board of Directors and Matthew Foster, the current President/CEO of the company, have come to a joint decision that a change in leadership would benefit the company. MR Foster resigned as of September 19. The company’s Chairman and Chief Strategy Officer, Dr. Mohan Misra, will serve as interim president and CEO until a replacement is found, and Mr. Foster will continue working with Ascent as a consultant dealing with … Read the rest
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