Ascent Solar shares are trading higher after the company announced the initial concept paper submitted for DE-FOA-000305 has been reviewed and received an "Encouraged" decision from the DOE.
Portfolio Pulse from Benzinga Newsdesk
Ascent Solar's initial concept paper for DE-FOA-000305 has been reviewed and received an 'Encouraged' decision from the Department of Energy (DOE), leading to a rise in the company's shares.
October 24, 2023 | 3:28 pm
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Ascent Solar's shares are trading higher after its DE-FOA-000305 concept paper received an 'Encouraged' decision from the DOE.
The 'Encouraged' decision from the DOE is a positive development for Ascent Solar, indicating that the company's project is viewed favorably by the regulatory body. This could potentially lead to future opportunities and benefits for the company, which is reflected in the rise of its share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100