Stock Alert: AMAT, ASTI
by Harris Roen, Editor
Roen Financial Report
Tuesday, November 18, 2014
Today’s Alert:
Applied Materials, Inc (AMAT)
Ascent Solar Technologies, Inc (ASTI)
An earnings report and a financing deal for theses two solar stocks.
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| Applied Materials issues a mixed earnings report. Revenues are slightly down, but net income is up 15% for the quarter and 79% compared to the same quarter last year. AMAT trades flat on the news, but is up 33% for the year and is within 3% of its high reached in July. We consider the stock to be Undervalued. | Wall Street Journal |
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| Ascent Solar Technologies is set to raise $35 million in financing from an institutional investor by November 21. ASTI falls 13% on the news, and is down 79% for the year. | Press release |
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