Ascent Solar Technologies Inc (OTCMKTS:ASTI) Stock Suddenly Jumps: But Why?

If you are looking into the major gainers in the markets from yesterday, then it might be difficult to overlook the sort of gains made by the Ascent Solar Technologies Inc (OTCMKTS:ASTI) stock.

The stock was in considerable focus among investors yesterday and ended the day with gains of as much as 35% following a key announcement from Ascent Solar.

Market Action:

On Thursday, ASTI stock surged 34.80% at $0.0138 with more than 239.05 million shares, compared to its average volume of 32.02 million shares. The stock has moved within a range of $0.0102 – 0.0143 after opening the trade at $0.0115.

ASTI Stock In News

The company is involved in the manufacturing flexible thin film and light weight PV solutions. Yesterday, the company announced that its PV solutions that had been designed especially for a flight experiment by NASA’s Materials International Space Station Experiment, recorded exceptional performance. 

The company announced that the PV solutions not only surpassed power retention expectations but also surpassed performance expectations. The outcomes from the experiment were announced at the 26th Space Photovoltaic Research and Technology (SPRAT) hosted by NASA on October 20.

The event was held at Cleveland in Ohio. It goes without saying that it is a major development for Ascent Solar Technologies and the reaction from market participants is perhaps understandable. At this point in time, it might be a good idea for investors to keep an eye on the Ascent Solar Technologies stock.

Traders Note:

ASTI stock is trading above the 20-Day of $0.0118. However, the stock is trading below 200-Day and 50-Day moving average of $0.0234 and $0.0140 respectively. The stock is up 72% so far this year.