The week started off on a strong note for the Ascent Solar Technologies Inc (OTCMKTS:ASTI) stock. The company, which is best known for developing and manufacturing advanced thin-film photovoltaic solutions, saw its stock come into sharp focus yesterday as it went up by as much as 17%.
The rally in the stock was triggered after the company announced that it had been one of the participating companies at the US Special Operations Command’s (SOCOM) Technical Experimentation. The event is by invitation only and was held in July. It took place at the Muscatatuck Urban Training Center from July 27 to July 29.
It is a major event in the industry and generally provides companies with a platform on which they can showcase their products to the United States Special Operations Command. The fact that Ascent Solar Technologies participated in the event came as a source of optimism for many investors and it was perhaps no surprise that the stock rallied to such a degree.
However, it is now going to be interesting to see if the Ascent Solar Technologies stock can actually maintain its momentum over the course of the coming days. Investors could do well to add the stock to their watch lists.