solarDemand for solar energy solutions is expected to increase in the coming years, especially considering that the incoming Biden administration is big on renewable energy and clean energy initiatives. Many of the best solar picks for the last two years have exploded in value, taking them far out of the range of bargain investors. However, there are still some penny options for growth-focused investors willing to take on some risk.

Ascent Solar Technologies Inc. (OTC: ASTI) develops photovoltaic modules that harvest solar energy using an exclusive thin-film technology. The company integrates its modules into applications that range from defense and transportation to aerospace and electronic products. This company is unproven, but its technology is innovative and could change the way that solar energy is used in the coming years.

The ultra thin solar cells developed by Ascent could be used on medical devices, consumer electronics, and space equipment in the near future. Its technology could be used on devices that haven’t been viable for solar power up to this point.

As an OTC stock, the company doesn’t regularly report detailed earnings. However, in 2019 the company was on track to reduce operating expenses as it continued to invest in its proprietary solar technologies. Earnings in 2020 are yet to be finalized but are likely to have declined because of the Coronavirus Pandemic. There’s risk in this pick with uncertainty surrounding the financials, but considering its price, this could be an excellent complement to an already well-diversified clean energy portfolio.

Key Data:

  • 1 Year Price Growth: 1,900.00%
  • YTD Price Growth: 1,900.00%
  • 3 Month Price Growth: 00%

All information is based on current and historical market data, as well as publicly available financial data. As with any financial decision, your own research is important. Stock market outcomes can never be 100% accurately predicted. Familiarity with historical data, individual industries, and individual stocks is key to developing a robust portfolio. Note that stock prices can fluctuate rapidly during trading sessions.