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Ascent Solar Technologies, Inc. (ASTI) continues its ascent

Posted by :: Planet Penny Stocks on Aug 17, 2012

Ascent Solar Technologies, Inc. (Nasdaq: ASTI) was up more than 10 percent from Thursday’s closing price in late-day trading on Friday. The Colorado-based company develops flexible thin-film photovoltaic modules that enable solar power generation.

Most recently, Ascent Solar Technologies announced that it launched a charger for the Samsung Galaxy S III smart phone featuring the company’s ultra light CIGS technology. The new charger will be branded under Ascent’s EnerPlex line of consumer products, and “adds minimal weight and size to the Galaxy S III yet provides significantly improved battery life by harnessing sunlight for electric power,” an August 13 press release stated.

144 million smart phones were sold globally in the first quarter of 2012. Ascent is developing the EnerPlex line utilizing its transformational CIGS technology to bring solar enabled power to a variety of new consumer products such as the widely anticipated next generation iPhone, the August 13 press release stated.

A recent article on Seeking Alpha listed three reasons why Ascent Solar Technologies is “the best solar speculation.” The reasons given by the author include the company’s consumer electronics and iPhone initiatives, the fact that the company has more cash than debt, and finally momentum.

Shares of ASTI are up more than 200 percent over the past three months, according to Yahoo Finance.

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