Ascent Surges as Wal-Mart Agrees to Offer Solar ChargersEhren Goossens
Ascent Solar Technologies Inc., a manufacturer of sun-powered consumer devices, rose the most in four months after Wal-Mart Stores Inc. agreed to sell its products.
Ascent climbed 22 percent to $1.04 at the close in New York, the most since May 20.
Wal-Mart is offering online Ascent’s EnerPlex products, including solar-powered charging cases for Apple Inc.’s iPhone and Samsung Electronics Co.’s Galaxy smartphone, Thornton, Colorado-based Ascent said today in a statement.
Ascent announced the iPhone charger in June 2012. It’s also pursuing aerospace, transportation and off-grid applications for its thin-film solar products.
The company hasn’t reported a profitable quarter since it went public in 2006, according to data compiled by Bloomberg. Its market value has increased 68 percent this year to $56.3 million.