Ascent Solar Technologies, Inc. (ASTI) - Financial and Strategic SWOT
Analysis Review
Reference Code: GDAE11490FSA Publication Date: MAR 2012
12300 North Grant Street Phone +1 720 8725000 Revenue 2.5 (million USD)
Thornton, CO Fax +1 720 8725077 Net Profit -31.23 (million USD)
80241 Website www.ascentsolar.com Employees 75
United States Exchange ASTI [NASDAQ] Industry Alternative Energy
Company Overview
Ascent Solar Technologies, Inc. (Ascent Solar) is a development stage solar PV company. It engages in the manufacture of thin-
film photovoltaic modules using Copper-Indium-Gallium-Diselenide (CIGS) semiconductor material; and creating flexible and
affordable photovoltaic cells and modules. The company’s thin film technology platform resolves many of the current silicon and
thin film limitations by offering a flexible, lightweight PV product. Ascent Solar caters its products to building integrated
photovoltaic (BIPV), defense and portable power, transportation, electronic integrated photovoltaic (EIPV), and space and near-
space.
Key Executives SWOT Analysis
Name Title Ascent Solar Technologies, Inc., SWOT Analysis
Victor Lee Chief Executive Officer Strengths Weaknesses
Dr. Amit Kumar, Ph.D. Chairman
Pioneer in CIGS Technology Unproven Technology and Un-
Richard J. Swanson Director Certified PV Modules
Focus on Research and
Kim Huntley Director
Development Activity Negative Returns
G. Thomas Marsh Director
Source: Annual Report, Company Website, Primary and Secondary
Research, GlobalData Opportunities Threats
Share Data New Agreements Vulnerability of Intellectual
Ascent Solar Technologies, Inc. Property
Positive Outlook for Solar PV
Share Price (USD) as on 21-Mar- 0.73 Market Stringent Regulatory
2012 Environment
EPS (USD) -1.14
Market Cap (million USD) 28 Source: Annual Report, Company Website, Primary and Secondary Research,
GlobalData
Enterprise Value (million USD) 26
Shares Outstanding (million) 39
Source: Annual Report, Company Website, Primary and Secondary
Research, GlobalData
Financial Performance Recent Developments
Feb 02, 2012 Ascent Solar Appoints Victor Lee As Its
President And CEO
Nov 10, 2011 Ascent Solar Reports Q3 2011 Results
Nov 03, 2011 Ascent Solar Appoints Victor Lee As Member
To Board
Oct 10, 2011 Ascent Solar To Exhibit At Solar Power
International 2011 In Dallas
Source: Annual Report, Company Website, Primary and Secondary Research,
GlobalData
Source: Annual Report, Company Website, Primary and Secondary
Research, GlobalData
Ascent Solar Technologies, Inc. (ASTI) - Financial and Strategic Reference Code: GDAE11490FSA
SWOT Analysis Review
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Table of Contents
Table of Contents ............................................................................................................................................................................... 2
List of Tables .................................................................................................................................................................................. 4
List of Figures ................................................................................................................................................................................. 4
Section 1 - About the Company.......................................................................................................................................................... 5
Ascent Solar Technologies, Inc. - Key Facts ...................................................................................................................................... 5
Ascent Solar Technologies, Inc. - Key Employees ............................................................................................................................. 6
Ascent Solar Technologies, Inc. - Key Employee Biographies ........................................................................................................... 7
Ascent Solar Technologies, Inc. - Major Products and Services ........................................................................................................ 8
Ascent Solar Technologies, Inc. - History ........................................................................................................................................... 9
Ascent Solar Technologies, Inc. - Company Statement ................................................................................................................... 12
Ascent Solar Technologies, Inc. - Locations And Subsidiaries ......................................................................................................... 14
Head Office ................................................................................................................................................................................... 14
Section 2 – Company Analysis ......................................................................................................................................................... 15
Ascent Solar Technologies, Inc. - Business Description................................................................................................................... 15
Ascent Solar Technologies, Inc. - Corporate Strategy ...................................................................................................................... 16
Ascent Solar Technologies, Inc. - SWOT Analysis ........................................................................................................................... 17
SWOT Analysis - Overview........................................................................................................................................................... 17
Ascent Solar Technologies, Inc. - Strengths ................................................................................................................................. 17
Strength - Pioneer in CIGS Technology .................................................................................................................................... 17
Strength - Focus on Research and Development Activity ......................................................................................................... 17
Strength - Strategic Partnerships .............................................................................................................................................. 17
Ascent Solar Technologies, Inc. - Weaknesses ............................................................................................................................ 18
Weakness - Unproven Technology and Un-Certified PV Modules ............................................................................................ 18
Weakness - Negative Returns ................................................................................................................................................... 18
Ascent Solar Technologies, Inc. - Opportunities ........................................................................................................................... 18
Opportunity - New Agreements ................................................................................................................................................. 18
Opportunity - Positive Outlook for Solar PV Market................................................................................................................... 18
Opportunity - Focus on Power Market in India .......................................................................................................................... 19
Opportunity - Alliance with TFG Radiant ................................................................................................................................... 19
Ascent Solar Technologies, Inc. - Threats .................................................................................................................................... 19
Threat - Vulnerability of Intellectual Property............................................................................................................................. 19
Threat - Stringent Regulatory Environment ............................................................................................................................... 19
Threat - Competitive Landscape ............................................................................................................................................... 20
Threat - Reduction or Elimination of Government Support ........................................................................................................ 20
Ascent Solar Technologies, Inc. - Key Competitors ......................................................................................................................... 21
Section 3 – Company Financial Ratios ............................................................................................................................................. 22
Financial Ratios - Capital Market Ratios........................................................................................................................................... 22
Financial Ratios - Annual Ratios ...................................................................................................................................................... 22
Performance Chart ........................................................................................................................................................................... 24
Financial Performance...................................................................................................................................................................... 24
Financial Ratios - Interim Ratios....................................................................................................................................................... 25
Financial Ratios - Ratio Charts ......................................................................................................................................................... 26
Section 4 – Company’s Power Financial Deals and Alliances .......................................................................................................... 27
Ascent Solar Technologies, Inc., Power, Deals By Year, 2006 to YTD 2012................................................................................ 27
Ascent Solar Technologies, Inc., Power, Deals By Type, 2006 to YTD 2012 ............................................................................... 28
Ascent Solar Technologies, Inc. (ASTI) - Financial and Strategic Reference Code: GDAE11490FSA
SWOT Analysis Review
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© GlobalData. This report is a licensed product and is not to be copied, reproduced, shared or resold in any form
Ascent Solar Technologies, Inc., Recent Deals Summary ............................................................................................................... 29
Section 5 – Company’s Recent Developments ................................................................................................................................ 30
Ascent Solar Technologies, Inc., Recent Developments .............................................................................................................. 30
Feb 02, 2012: Ascent Solar Appoints Victor Lee As Its President And CEO ............................................................................. 30
Nov 10, 2011: Ascent Solar Reports Q3 2011 Results.............................................................................................................. 30
Nov 03, 2011: Ascent Solar Appoints Victor Lee As Member To Board .................................................................................... 30
Oct 10, 2011: Ascent Solar To Exhibit At Solar Power International 2011 In Dallas ................................................................. 31
Aug 15, 2011: Ascent Solar Reports Revenues Of $1m In Q2 2011 ......................................................................................... 31
May 19, 2011: Ascent Solar To Exhibit WaveSol Modules At