Positioning no disclosures inside 60 days, left as found
Options no verdict drawn today, left as found
Ethical does not pass the values gate
Price1.48 USD
Fair valueUnder review
Ethical score70.0/100
Our investment reviews on this name
2026-10-02Read Markdown2.92-49.5% to today ✓Accumulation gives way to Markdown
2026-08-22Read Accumulation3.06-51.8% to today Markup gives way to Accumulation after a 60% slide in 7 weeks
2026-07-02Read Markup7.68-80.8% to today First review on file: Markup
Our analytic regime reads on this name, dated and marked against the screened price. Small sample per name, and separate from the daily-framework accuracy on the Track Record page.
Ascent Solar Technologies Inc holds its Markdown at $1.48. The statistical read favours the sellers, held for 54 days.
As held on the ledger · 2026-11-05
Phase
Markdown · caution
Quantitative state
The statistical read favours the sellers, held for 54 days
Price at the screen
$1.48
Valuation
N/A trailing · N/A forward price to earnings
Values screen
FAIL· score 70.0
Beta
2.20
The Workings
Five Screens, Shown in Full
Does not pass. Revenue purity
Test
Figure
Limit
What it means
Status
Business activity
Permissible
Core business clean
Its core business isn't built on prohibited lines: no gambling, alcohol, tobacco, weapons, or interest-based lending.
Pass
Debt load
23.13%
Below 33%
Interest-bearing debt is just 23.1% of its assets, well under the one-third ceiling: it does not run on borrowed money.
Pass
Interest-bearing cash
0.00%
Below 33%
Cash held in interest-bearing accounts and securities is 0.0% of assets, under the one-third limit.
Pass
Receivables
44.01%
Below 49%
Money owed to the company is 44.0% of assets, under the 49% limit.
Pass
Revenue purity
78.91%
Below 5%
78.9% of revenue comes from non-compliant sources, over the 5% line.
Fail
Five checks adapted from AAOIFI screening standards: business activity plus four balance-sheet ratios. All five must pass for ethical clearance. Every figure is arithmetic on public accounts, not judgement.
The Ethical Read
Why It Falls Short, in Plain English
Ascent Solar Technologies clears the business-activity screen, and its debt is inside the line. Where it falls short is income purity: around 79% of its income right now is interest earned on a large cash position, against a roughly 5% ceiling, so it does not pass. That reflects what it earns today, not the business itself, and it could clear the screen if its operating revenue grows and the interest share falls.
Read as at 2026-11-05. It updates when the underlying figures move, and past reads are kept below.
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Today ASTI does not pass the screen. If new figures move it to a pass, we send you one short email with the before and after. Verdicts change rarely, so you may not hear from us for a long time.
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What the Numbers Say It Is Worth
The Fair Value Range
Fair value under review. Its inputs are 11 days old; only one analyst covers it, too few to cross-check it. We show no fair value, margin of safety or value read built on it until the review clears.
Another profit measure, before interest, tax and non-cash costs: EBITDA.
The risks · The things to watch: it's a small-cap, so the share price can swing harder than the market; it already moves more than the market on an average day.
Plain-English interpretation of our own screen data. Analysis, not advice.
Where & How to Trade
ASTI trades on NASDAQ. As a listed security it is accessible through almost any international broker offering its home market. New to this, or investing from abroad? Our guide to accessing global markets covers brokers, currencies and the practical steps.
The Dated Journal · Newest First, Never Edited
Every Entry, As Written
2026-10-27Markdown$1.89-13.5%Entry 9
The analysis reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 13.5% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it D. Technically it is momentum reading oversold. Over the past year the shares are up 282%. Our forward projection puts the odds of a 10% gain over the next month near 31%. The street (1 analysts) rates it none, with a mean price target of $20.
2026-10-13Markdown$2.18-25.2%Entry 8
The analysis reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 25.2% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it C. Technically it is holding around 100% above its long-term trend line with momentum reading bullish. Over the past year the shares are up 282%. Our forward projection puts the odds of a 10% gain over the next month near 31%. The street (1 analysts) rates it none, with a mean price target of $20.
2026-10-02Markdown · changed$2.92+0.0%Entry 7
The framework has shifted from accumulation to markdown since the last review. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it B. Technically it is holding around 100% above its long-term trend line with momentum reading bullish. Over the past year the shares are up 282%. Our forward projection puts the odds of a 10% gain over the next month near 31%. The street (1 analysts) rates it none, with a mean price target of $20.
2026-09-24Accumulation$2.92-4.6%Entry 6
Our analysis reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 4.6% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it C. Technically it is holding around 100% above its long-term trend line with momentum reading bullish. Over the past year the shares are up 282%. Our forward projection puts the odds of a 10% gain over the next month near 31%. The street (1 analysts) rates it none, with a mean price target of $20.
2026-08-22Accumulation · changed$3.06+0.0%Entry 5
The framework has shifted from markup to accumulation since the last review. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it C. Technically it is holding around 100% above its long-term trend line with momentum reading bullish. Over the past year the shares are up 282%. Our forward projection puts the odds of a 10% gain over the next month near 31%. The street (1 analysts) rates it none, with a mean price target of $20.
2026-07-22Markup$3.06-60.2%Entry 4
Our analysis reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 60.2% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C. Technically it is holding around 100% above its long-term trend line with momentum reading bullish. Over the past year the shares are up 282%. Our forward projection puts the odds of a 10% gain over the next month near 31%. The street (1 analysts) rates it none, with a mean price target of $20.
2026-07-18Markup$7.68+0.0%Entry 3
Our analysis reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C. Technically it is holding around 100% above its long-term trend line with momentum reading bullish. Over the past year the shares are up 282%. Our forward projection puts the odds of a 10% gain over the next month near 31%. The street (1 analysts) rates it none, with a mean price target of $20.
2026-07-03Markup$7.68+0.0%Entry 2
Our analysis reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows good risk-adjusted returns.
2026-07-02Markup$7.68Entry 1
Our analysis reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows good risk-adjusted returns.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.