Ascent Solar Technologies, Inc. Common Stock
NASDAQ Capital MarketCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Paul Warley Jr.
- Full Time Employees
- 18
- Sector
- Technology
- Industry
- Solar
- Address
- 12300 Grant Street Thornton CO United States of America 80241
- IPO Date
- Aug 24, 2022
- CIK
- 0001350102
- Website
- ascentsolar.com
- Similar Companies
- Business
- Ascent Solar Technologies, Inc. is a U.S.-based manufacturer specializing in flexible copper indium gallium selenide (CIGS) thin-film photovoltaic solar modules primarily used for aerospace, defense, and industrial applications. The company produces lightweight, flexible, and durable thin-film solar panels designed for use in extreme environments such as space missions, airborne vehicles, agrivoltaics, commercial construction, and consumer products. Its core product offerings include proprietary CIGS solar films and fully encapsulated flexible PV modules with a power density that supports applications demanding high reliability and low weight. Ascent Solar operates a 5-MW nameplate production facility and research and development center in Thornton, Colorado. Since restructuring in 2023, Ascent Solar has achieved advances in CIGS technology, including improving power conversion efficiency to 15.7% at production scale and accelerating order fulfillment times to just a few days. Recent strategic moves include forming multiple partnerships targeting space and defense markets, such as teaming agreements with NovaSpark Energy for deployable mobile hydrogen generation and battlefield energy solutions, CisLunar Industries for high-efficiency power conversion in space, Defiant Space Corporation for integrated space-based defense solutions, and Emtel Energy USA for combining thin-film PV with graphene-based energy storage. The company is actively supplying and testing flexible solar modules for satellite applications, ocean monitoring technologies, and space-based power beaming systems. These initiatives reflect Ascent Solar’s strategic expansion into space and national security sectors, serving U.S. government customers including NASA, the Department of Defense, and Space Force, while also exploring partnerships with NATO and Five Eyes allies. The company projects significant revenue growth in 2026 and 2027 driven by civil and defense aerospace demand. Founded in 2005 and headquartered in Thornton, Colorado, Ascent Solar Technologies leverages over 15 years of manufacturing expertise and a strong intellectual property portfolio in high-performance thin-film solar technologies. Its products are recognized for their ability to provide clean, scalable, and rapidly deployable power solutions in challenging environments such as deep space and disaster zones, making it a leader in flexible thin-film photovoltaic innovation for specialized markets.
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