Ascent Solar Shares Rise 20% On Deal With Turtle Energy – September 23, 2009
It’s been a great 24 hours for Ascent Solar (ASTI). Yesterday, the stock gapped up above the 50 days moving average on news of a supply deal with Goal Zero and is up another 20% this morning high-efficiency signed a multi-year supply deal with TurtleEnergy. ASTI will deliver up to 67MW of high-efficiency flexible thin-film solar modules over the course of five years and will begin shipping early next year.
John Millard, the founder of TurtleEnergy, said, “Ascent Solar is well-positioned to reduce the cost of PV systems and enable the introduction of innovative product solutions to the marketplace with its lightweight, flexible, and high-efficiency PV modules. This is a perfect complement to our company as a leader in introducing new and unique value-added solutions for clients. Under our development agreement with Ascent Solar, we have gained considerable experience working with its product over the past ten months and are now pleased to become a customer as we plan to be the first solar systems integrator to come to market using our leading-edge approach using these materials.”