15 Aug '11, 9pm

Flexible CIGS Firm Ascent Solar’s Q2 Earnings: Ascent Solar (NASDAQ:ASTI), fresh from a large strategic partne...

photo by Gonzo Carles, creative commons Ascent Solar (NASDAQ:ASTI), fresh from a large strategic partnership announcement with TFG Radiant this morning, just announced its second quarter earnings this afternoon. Ascent's solar price jumped a dramatic 64 percent following the news. The release declared the deal to be worth approximately $450 million. Asian conglomerate, TFG Radiant signed a long-term strategic partnership including investment, a joint development agreement, and construction of a fab in East Asia. TFG Radiant Group is a joint venture of Radiant Group, a Chinese construction and real estate conglomerate, and Tertius Financial Group, a Singapore-based investment firm. The Radiant announcement was good news for the firm. But the earnings call was Ascent's usual low-revenue, high-loss story. Revenue at Ascent for the first six months of 2011 was $2.21 million. T...

Full article: http://www.greentechmedia.com/articles/read/ascent-solar-...

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