Rochester, NY 8/18/2009 11:31:00 PM
Ascent Solar Technologies, Inc. ASTIZ - Ascent Solar Technologies Announces its Unbiased Rating
Ascent Solar Technologies, Inc. ASTIZ
The Analysts at Wedbush Morgan announced that it’s reiterate their "unbiased" rating on Ascent Solar Technologies. The 12-month target price has been raised from $6.50 to $7.00.
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In a research note published this morning, the analysts mention that the company has reported its 2Q results short of the estimates. Although Ascent Solar Technologies has reported in-line progress on the ramp up of its commercial line, financing risks associated with the process remain, the analysts add.
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