Ascent Solar Technologies Inc's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Ascent Solar Technologies Inc (ASTI) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Ascent Solar Technologies Inc vs Its Competitors
- TTM: Trailing 12-month revenue of 0M vs 10,213M combined for tracked competitors (0.0% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+99.0% annualized vs trailing 12 months), vs decelerating (-10.7%) for its tracked peer group.
- Growth: Ascent Solar Technologies Inc generated 461.3% revenue growth year over year in Q2 2026, vs 16.2% for its tracked competitors combined.
- Profitability: Its -1,918.6% net margin compares with 7.6% for the peer group.
- Scale: Ascent Solar Technologies Inc ranks #100 of 117 companies by market capitalization in the Semiconductors industry, holding 0.0% of industry market cap.
- Peer revenue share: Ascent Solar Technologies Inc accounted for 0.0% of combined revenue among its tracked peer group, up from 0.0% a year earlier.
- Peer differentiation: Revenue per employee of $0.01M compares with $0.44M for the peer group (0.0x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
ASTI Sales vs. its Competitors, Q2 2026
Ascent Solar Technologies Inc reported revenue growth of 461.31 % year on year in Q2 2026, above its competitors' combined revenue growth of 16.21 %.
With a net margin of -1,918.62 %, Ascent Solar Technologies Inc reported lower profitability than its competitors (7.64 %).
Ascent Solar Technologies Inc generated 0.00 % of the combined sales of its peer group, up from 0.00 % a year earlier.
Ascent Solar Technologies Inc vs. its Competitors, Q2 2026
Revenue growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in an SEC filing; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Ascent Solar Technologies Inc and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Ascent Solar Technologies Inc | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| High-Confidence Competitors (1) | $12,345M | +12.3% · Accelerating |
| Similar-Size Competitors (7) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Ascent Solar Technologies Inc's competitor groups requires a Commercial License.
For context: the Semiconductors industry grew revenue 10.5% year over year, combined, vs 461.3% for Ascent Solar Technologies Inc. Ascent Solar Technologies Inc's share of combined industry revenue moved from 0.00% to 0.00%, a gain of 0.00 percentage points.
Ascent Solar Technologies Inc's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Ascent Solar Technologies Inc | - | Yes | Yes | No |
| Competitors combined (9) | ||||
| High-Confidence Competitors (3) | ||||
| Similar-Size Competitors (10) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
ASTI Stock Performance relative to its Competitors
ASTI Stock Performance relative to High-Confidence Competitors
ASTI Stock Performance relative to Similar-Size Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Atomera Incorporated | 282.9% | Outperformed |
| 2 | Emeren Group Ltd | 282.9% | Outperformed |
| 3 | Enphase Energy Inc | 282.9% | Outperformed |
| 4 | Solaredge Technologies Inc | 282.9% | Outperformed |
| 5 | Canadian Solar inc | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Ascent Solar Technologies Inc's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Ascent Solar Technologies Inc's Comment on Competition and Industry Peers
The market for traditional, grid connected PV products is dominated by large manufacturers of c-Si technology, although thin film technology on glass has begun to emerge among the major players. We anticipate that while these large manufacturers may continue to dominate the market with their silicon based products, thin film manufacturers will likely capture an increasingly larger share of the market, as is evident from the success of First Solar (CdTe) and Solar Frontier (CIGS), both among the top 20 producers worldwide. In 2016, crystalline silicon PV technology represented over 90% of global market revenue and 93% of global production, with the balance captured by thin film. Approximately half of thin film production is CdTe production, with the other half being split between CIGS and a-Si.
We believe that our modules offer unique advantages. Their flexibility, low areal density (mass per unit area), and high specific power (power per unit mass) enable use on weight-sensitive applications, such as portable power, conformal aircraft surfaces, high altitude long endurance (HALE) fixed wing and lighter than air (LTA) vehicles, and space applications that are unsuitable for glass-based modules. Innovative product design, customer focused development , and our rapid prototyping capability yield modules that could be integrated into virtually any product to create a source of renewable energy. Whether compared to glass based or other flexible modules, our products offer competitive advantages making them unique in comparison to competing products.
We define the consumer and portable power space as comprising solar powered solutions in the sub-single watt range (i.e. solar power for remote sensors) all the way up to the several hundred watts of power range (i.e. outdoor solar chargers for camping, military or outdoor work). Competitors in the consumer products space include companies that design and distribute solar charging solutions but outsource manufacturing. These include Goal Zero, Voltaic, A-Solar, Solio, PowerTraveller, Solar Components, and RDK Products. Mono or polycrystalline silicon solar technologies are common in these products. Other competitors in this segment include thin-film solar manufacturers who provide a complete product under their company name or brand. These companies include P3 solar, PowerFilm, Trony, and more recently Alta Devices. We believe our differentiated technology lends itself to delivering competitive solutions in the emerging market for personal and portable solar and non-solar charging solutions.
Publicly Traded Peers of Ascent Solar Technologies Inc
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Ascent Solar Technologies Inc | 26.08 | 0.19 |
| First Solar Inc | 18,634.40 | 5,378.07 |
| Enphase Energy Inc | 4,059.63 | 1,399.16 |
| Sunrun Inc | 2,101.57 | 3,475.61 |
| Solaredge Technologies Inc | 1,924.75 | 1,332.28 |
| Jinkosolar Holding Co ltd | 1,917.39 | 9,365.71 |
| SUBTOTAL | 29,650.71 | 26,643.11 |
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Sources: Ascent Solar Technologies Inc's official press releases and regulatory filings; CSIMarket.com's market research; and the financial filings and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Ascent Solar Technologies Inc versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Ascent Solar Technologies Inc's Competitors Named by the Company
Competitive relationships identified from SEC filings and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Ascent Industries Co | Named by the company | 85% |
| Camtek Ltd | Named by the company | 85% |
| RDK Products | Named by the company | 85% |
Filing basis, confidence, active dates and source counts for Ascent Solar Technologies Inc's named competitors require a Commercial License.
Methodology: relationships are extracted from SEC filings (named-competitor disclosures) and corroborating sources. Named by the company = explicitly disclosed as a competitor; Inferred = derived from corroborating signals. Confidence reflects evidence strength.
Ascent Solar Technologies Inc's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Canadian Solar inc | Recurrent Energy Segment 7.21 % |
Source: operating segment revenue as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
Ascent Solar Technologies Inc's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Ascent Solar Technologies Inc | 26 | 10,630 | -449,823 |
| First Solar Inc | 18,634 | 680,768 | 221,014 |
| Enphase Energy Inc | 4,060 | 487,171 | 47,005 |
| Sunrun Inc | 2,102 | 383,664 | -105,802 |
| Solaredge Technologies Inc | 1,925 | 372,562 | -75,587 |
| Jinkosolar Holding Co ltd | 1,917 | 390,238 | -42,367 |
| PEERS TOTAL | 29,625 | 442,045 | -10,231 |
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Ascent Solar Technologies Inc's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent filing. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Enphase Energy Inc | United States 74.85 % |
| Solaredge Technologies Inc | US 50.92 % |
| Jinkosolar Holding Co ltd | Europe 91.92 % |
| Canadian Solar inc | Asia 22.29 % |
| Atomera Incorporated | North America 100.00 % |
Source: revenue geography as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
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Ascent Solar Technologies Inc's Position in Industry Market Structure
Market-capitalization share and concentration across all 109 companies in Ascent Solar Technologies Inc's industry classification, broader than the peer set above. Market cap in millions of $.Ascent Solar Technologies Inc ranks #100 of 109 companies by market capitalization in its industry, holding 0.00 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 2,373, indicating a moderately concentrated market structure (U.S. antitrust guidance: below 1,500 unconcentrated, 1,500 to 2,500 moderately concentrated, above 2,500 highly concentrated).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Nvidia Corp | 5,557,865 | 44.31 % |
| 2 | Broadcom Inc | 1,783,853 | 14.22 % |
| 3 | Micron Technology Inc | 1,206,807 | 9.62 % |
| 4 | Advanced Micro Devices Inc | 1,008,456 | 8.04 % |
| 5 | Intel Corporation | 1,234 | 5.2% |
| 6 | Applied Materials Inc | 1,234 | 5.2% |
| 7 | Arm Holdings Plc | 1,234 | 5.2% |
| 8 | Texas Instruments Incorporated | 1,234 | 5.2% |
| 9 | Marvell Technology Inc | 1,234 | 5.2% |
| 10 | Analog Devices Inc | 1,234 | 5.2% |
| 100 | Ascent Solar Technologies Inc | 26 | 0.00 % |
Market cap and industry share for the rest of Ascent Solar Technologies Inc's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-09-28.
Ascent Solar Technologies Inc's Same-Size Peers & Stock Performance
Peers chosen by closeness in market-cap rank within the same industry classification (not the named-competitor list above). Trailing 12-month total return, 3-month price momentum, beta and Sharpe ratio vs the broad U.S. market.| Rank | Company | Market Cap | TTM Return |
|---|---|---|---|
| 95 | Tigo Energy Inc | 66 | -65.78 % |
| 96 | Eltek Ltd | 56 | -23.24 % |
| 97 | Supercom Ltd | 45 | -29.25 % |
| 98 | Pixelworks Inc | 44 | -26.25 % |
| 99 | Ftc Solar Inc | 1,234 | 12.3% |
| 100 | Ascent Solar Technologies Inc | 26 | 44.94 % |
| 101 | Beam Global | 1,234 | 12.3% |
| 102 | Sequans Communications S a | 1,234 | 12.3% |
| 103 | Key Tronic Corporation | 1,234 | 12.3% |
| 104 | Semileds Corp | 1,234 | 12.3% |
| 105 | Mobix Labs Inc | 1,234 | 12.3% |
Market cap, return, momentum, beta and Sharpe ratio for the rest of Ascent Solar Technologies Inc's same-size peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-09-28. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.
Ascent Solar Technologies Inc's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Semiconductors industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (151 companies).| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | -96.07 % | 34.40 % (avg) | -130.5 pp |
| Operating Margin | - | industry median | - |
| EBITDA Margin | - | 7.07 % (avg) | - |
| Capital Intensity (Capex / Revenue) | - | 9.39 % (avg) | - |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Ascent Solar Technologies Inc's Valuation vs Competitive Position
Valuation multiples vs the Semiconductors industry average (151 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | - | 43.3x | - |
| EV / EBITDA | - | 22.7x | - |
| P/B | 5.5x | 6.6x | -1.1x |
| Return on Equity | -85.20 % | industry aggregate | -132.03 % |
| Return on Invested Capital | -41.87 % | -0.16 % (avg) | -41.71 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Ascent Solar Technologies Inc's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in SEC filings.| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | -63.25 % | 34.29 % | -25.98 % | -89.57 % | 500.00 % | -62.52 % | -90.86 % | 83.26 % |
| Operating Margin | -2,203.13 % | -761.83 % | -509.58 % | -3,684.79 % | -1,446.28 % | - | - | - |
| Return on Invested Capital | 76.02 % | 24.13 % | 8.23 % | 8.67 % | -309.32 % | 4,607.82 % | -336.54 % | -111.72 % |
| P/E | - | - | - | - | - | 0.8x | - | - |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Ascent Solar Technologies Inc's BCG Growth-Share Matrix
Relative market share (vs Ascent Solar Technologies Inc's largest competitor by market cap) against industry revenue growth, using the standard textbook thresholds (1.0x share, 10% growth) a common framework, not a precision instrument.
Ascent Solar Technologies Inc falls in the Question Mark quadrant: relative market share of 0.00x vs its largest competitor, in an industry growing revenue 10.3% (median, trailing 12 months).
Source: CSIMarket API (market-cap share and industry revenue growth). The 10% growth and 1.0x share lines are standard textbook thresholds, not derived from this industry's own distribution. A caveat worth reading alongside this chart: Nvidia Corp alone holds 44% of this industry's market cap. In an industry this dominated by one leader, the framework will place nearly every OTHER company in "Dog" or "Question Mark" purely because relative share is measured against that leader, regardless of how strong those other companies actually are on their own fundamentals. Check the Profitability, Valuation and Financial Strength sections above before treating this quadrant label as a verdict.
Ascent Solar Technologies Inc's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | Moderate | Industry HHI of 2,373 (see Industry Market Structure & Concentration above) |
| Supplier Power | Not covered on this page | See Ascent Solar Technologies Inc's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See Ascent Solar Technologies Inc's dedicated customers page for concentration and dependency data |
| Threat of Substitutes | - | No systematic data source for cross-product substitution exists in this system; not estimated |
Note: this is a partial, data-grounded application of the framework, not a complete strategic assessment. Rivalry and barriers-to-entry readings are mechanical translations of the HHI and capital-intensity figures shown elsewhere on this page, not independent judgments.
Ascent Solar Technologies Inc's Industry Attractiveness & Competitive Strength
A CSIMarket composite, not a standard field: each axis is an equal-weighted average of three factors already shown elsewhere on this page (industry growth, industry profitability and rivalry for attractiveness; relative market share, profitability and growth vs industry for strength). Disclosed as a designed methodology, not a precision measurement.
Ascent Solar Technologies Inc falls in the Medium attractiveness / Low strength cell: Harvest.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Ascent Solar Technologies Inc's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Latest-quarter revenue run-rate is accelerating (+99.0% annualized vs trailing 12 months).
- Outperforming the U.S.A. 500 over the trailing 12 months.
Weaknesses
- Return on equity 132.0 points below the industry aggregate.
- Low relative market share vs the industry leader (0.00x).
Opportunities
- Industry revenue growing at a healthy 10.3% median pace.
- A meaningful share of tracked competitors (37.50 %) show financial-distress signals, a possible opening to gain share.
Threats
- Industry dominated by Nvidia Corp, holding 44.31 % of industry market cap.
- Tracked peer group's revenue run-rate is broadly decelerating (-10.7% annualized).
Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.
Ascent Solar Technologies Inc's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Ascent Solar Technologies Inc | 3.93 | 4.15 | - |
| First Solar Inc | 0.92 | 2.37 | 0.04 |
| Enphase Energy Inc | 0.43 | 2.24 | 1.03 |
| Sunrun Inc | 0.52 | 1.49 | 1.11 |
| Solaredge Technologies Inc | 0.57 | 2.12 | 0.77 |
| Jinkosolar Holding Co ltd | 0.42 | 1.25 | 1.83 |
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Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Ascent Solar Technologies Inc's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Ascent Solar Technologies Inc | Q2 2026 | +461.3 % | - |
| First Solar Inc | Q2 2026 | -3.7 % | +23.6 % |
| Enphase Energy Inc | Q1 2026 | -20.5 % | - |
| Sunrun Inc | Q2 2026 | +52.8 % | - |
| Solaredge Technologies Inc | Q2 2026 | +19.6 % | - |
| Jinkosolar Holding Co ltd | Q4 2025 | -25.9 % | - |
| PEERS TOTAL | -16.3 % | - |
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Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Ascent Solar Technologies Inc's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Ascent Solar Technologies Inc | Q2 2026 | +462.1 % | - |
| First Solar Inc | Q2 2026 | -24.5 % | -44.0 % |
| Enphase Energy Inc | Q1 2026 | -2.7 % | +36.2 % |
| Sunrun Inc | Q2 2026 | - | +408.5 % |
| Solaredge Technologies Inc | Q2 2026 | -2.4 % | +559.4 % |
| Jinkosolar Holding Co ltd | Q4 2025 | -18.6 % | -56.6 % |
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Ascent Solar Technologies Inc's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Ascent Solar Technologies Inc | - | - | - |
| First Solar Inc | 13.05% | 16.09% | 18.02% |
| Enphase Energy Inc | 4.24% | 5.11% | 13.28% |
| Sunrun Inc | - | - | - |
| Solaredge Technologies Inc | - | - | - |
| Jinkosolar Holding Co ltd | - | - | - |
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ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Ascent Solar Technologies Inc's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Ascent Solar Technologies Inc | - | 136.29 |
| First Solar Inc | 10.66 | 3.46 |
| Enphase Energy Inc | 30.60 | 2.90 |
| Sunrun Inc | - | 0.60 |
| Solaredge Technologies Inc | - | 1.44 |
| Jinkosolar Holding Co ltd | - | 0.20 |
| PEERS AVERAGE | - | 1.11 |
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P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.