Ascent Solar Technologies Stock Is Soaring Thursday: What's Going On?
Portfolio Pulse from Vaishali Prayag
Ascent Solar Technologies (NASDAQ:ASTI) shares are soaring due to increased trading volume and social media attention. The surge is likely driven by positive sentiment in the solar sector following President Biden's announcement of increased tariffs on Chinese solar cells. Ascent Solar's trading volume has significantly exceeded its average, and the stock is trending on social platforms. The company recently announced a firm order for its thin-film photovoltaic solutions and is set to report Q1 earnings in early June.
May 23, 2024 | 6:38 pm
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Ascent Solar Technologies shares are up 65.8% due to increased trading volume and social media attention. The surge is driven by positive sentiment in the solar sector following President Biden's announcement of increased tariffs on Chinese solar cells. The company also announced a firm order for its thin-film photovoltaic solutions.
The significant increase in trading volume and social media attention, combined with positive sector sentiment due to potential tariffs on Chinese solar cells, is driving the stock price up. The recent firm order announcement further boosts investor confidence.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100