Tag Archives: hold rating

Wedbush Morgan Initiates Coverage On Ascent Solar Tech (ASTI), Energy Conversion Devices (ENER)

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