Is Ascent Solar Technologies (ASTI) A Good Buy After This Week Pullback?

The Ascent Solar Technologies (OTC: ASTI) stock was among the significant gainers in the recent sessions but this past week, the stock corrected somewhat. Hence, it could be a good idea for investors to take a closer look if they had been contemplating an investment in Ascent Solar.

The company is involved in the manufacturing and development of flexible and thin-film photovoltaic products. This past Wednesday the company made a major announcement.

On January 6, Ascent Solar announced that it completed the placement of the second tranche of its Series 1A Preferred stock. This is a significant development for the company since it managed to raise as much as $2500000 through this transaction.

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This agreement with regards to the security purchase agreement was reached with the German photovoltaic thin film tube manufacturer TubeSolar AG. Following this transaction, there was a bit of a correction in the stock. Investors could do well to keep an eye on the Ascent Solar stock in the new trading week.

Asan Abdiev

CEO and Editor in Chief. Living in the era of dynamic tech change Asan decided to stay tuned in changes that make any person find comfort and adapt to new devices. Furthermore, gaming became his passion for spending leisure time with his close ones. Although, he has a degree in Business Administration (majoring Finance) writing for technology and as well as finance has been one of the precious aspects of his life