Date : October 11, 2017
New Opportunity: Ascent Solar Technologies Inc. (OTCMKTS: ASTI)
This continues to be one of the most productive market environments that we have seen in a very long time. We keep seeing one great opportunity after another – solid setups based on technicals, fundamentals, and interesting stories – and they keep working out.
Today’s new opportunity looks even more interesting than our recent successes. ASTI is a sophisticated PV solar play. The stock has been crushed, but we have seen a remarkably important technical pattern form over the past 6 months: The Cup-With-Handle Base. It often marks an inflection from down to up on larger timeframe trends.
And that would make sense. The company makes state-of-the-art, lightweight, and flexible thin-film photovoltaic solutions with a wide range of applications. With today’s mobile, highly electronic device ecosystems dominating all aspects of both industrial and civilian life, the company is extremely well-placed to begin a new growth cycle.
In fact, as we will discuss, the company just inked a major deal with a well-known global consumer brand that could serve as a launching point for a ton of new opportunity.
But the short term scenario is also potentially a bankable situation, and we intend to guide you there.
Company: Ascent Solar Technologies Inc.
Latest News: http://finance.yahoo.com/q/h?s=ASTI+Headlines
Who is ASTI
Ascent Solar Technologies, Inc. (OTCMKTS:ASTI) promulgates itself as a development stage company that designs and manufactures photovoltaic integrated consumer electronics; and portable power applications for commercial and military users.
Ascent Solar modules were named one of TIME Magazine’s 50 best inventions for 2011. They can be directly integrated into consumer products and off-grid applications, commercial transportation, automotive solutions, space applications, consumer electronics for portable power and durable off-grid solutions.
It offers Surfr, a battery and solar case for the Apple iPhone 4/4S smart phone, Samsung Galaxy S III, Samsung Galaxy S 4, and Apple iPhone; EnerPlex Kickr, a portable solar charging device; and EnerPlex Jumpr portable power banks.
The company also provides Generatr 1200 and Generatr 100 lithium-ion based large format batteries; Commandr 20, a solar charger; and Kickr II+ and IV+ solar products. Ascent Solar Technologies, Inc. markets and sells its products through e-commerce Website, goenerplex.com, as well as through online retailers and distributors.
ASTI is a developer of thin-film photovoltaic modules using flexible plastic substrate materials that are more versatile and rugged than traditional solar panels.
Probably the least well-appreciated important factor dominating the fate of the near-term for ASTI shares is how it manages to work through its liabilities to keep operational potential strong and push into a new growth phase.
To that end, investors should be very happy to learn that the company just announced that it has entered into a Promissory Note Exchange Agreement with a major investor to restructure and extend the maturity of the existing Promissory Notes.
According to the release, “Pursuant to the Agreement, the Investor exchanged and canceled 11 outstanding promissory notes (with an aggregate principal and accrued interest of $3,504,197.45) (the “Old Notes”) for one new promissory note (the “New Note”) having a principal amount of $3,504,197.45. The New Note will have an extended 3-year maturity on September 13, 2020 as opposed to the Old Notes, which would otherwise be due in the next 1 – 3 months. Principal and interest on the New Note will be payable in 36 equal monthly instalments starting from October 13, 2017.”
That gives this company all kinds of new breathing room. It’s like lifting a concrete blanket off of management. We would expect this to translate into more proactive and aggressive growth items on the agenda into year end.
hat comes in a context defined powerfully by one of the world’s largest manufacturers of primary batteries, portable flashlights and lanterns – Energizer (NYSE:ENR) – moving to tap ASTI for its latest consumer product line “Energizer PowerKeep”. ASTI is tasked to develop and supply solar panels to the PowerKeep line of solar products.
The company’s flexible photovoltaic modules allow seamless integration of solar power into a myriad of applications with minimal restrictions. “Today’s consumers demand power for an ever-growing array of mobile devices, like smartphones and tablets, that are with them wherever they go,” said Kevin Magenis, chairman and CEO of PowerKeep. “Partnering with Ascent Solar allows us to develop leading-edge, solar-integrated products that are lightweight, durable and keep consumers connected to their favorite mobile devices no matter where they are. We are excited to launch our initial products and look forward to growing the Energizer PowerKeep product line globally in the coming months.”
The big question now is: Who will be the next Energizer partner?
The chart suggests that, while we don’t know who it will be, exactly, the market is starting to tell us that this company may well have some good times ahead.
As discussed above, the stock is sitting in a classic basing pattern right now, defined by William J. O’neil. The Cup-With-Handle is marked by a downward trend that capitulated into a rounded or sideways bottoming bowl or “cup”, and then a run back up to match the final leg down in size.
That is then followed by a pullback and increasing volume on the higher low and shorter-duration “handle”. The rim of the cup is the breakout trigger point that will potentially bring in lots of new money.
With the stock now making higher highs and higher lows, the concept of an upward breakout is on the table here.
ASTI (Ascent Solar Technologies Inc.) is a development stage company, designs and manufactures photovoltaic integrated consumer electronics; and portable power applications for commercial and military users. It offers Surfr, a battery and solar case for the Apple iPhone 4/4S smart phone, Samsung Galaxy S III, Samsung Galaxy S 4, and Apple iPhone; EnerPlex Kickr, a portable solar charging device; and EnerPlex Jumpr portable power banks.
The company also provides Generatr 1200 and Generatr 100 lithium-ion based large format batteries; Commandr 20, a solar charger; and Kickr II+ and IV+ solar products. Ascent Solar Technologies, Inc. markets and sells its products through e-commerce Website, goenerplex.com, as well as through online retailers and distributors. The company was founded in 2005 and is headquartered in Thornton, Colorado.
- ASTI has seen two deep-pocketed investors step up to the plate over the past month suggesting the stock is in strong hands and support will be protected.
- ASTI just inked a major deal as a key supplier for the Energizer Powerkeep product line.
- ASTI is making real money, with trailing revs already coming in at $1.1M.
- ASTI is sitting in a classic Cup-With-Handle basing pattern that points to major upward potential ahead.
- ASTI just recorded a MACD Bullish reversal, suggesting a technical change in trend.
ASTI has been beaten down, but recent action is clearly marking out a ton of potential to turn things around in a big way. The short-term setup looks very promising, but so does the longer term picture now that the company has renegotiated breathing room with its super-ordinated investor and inked a major deal with a strong global consumer brand.
The chart speaks for itself right now: new longs seem to have a handle on the situation!