Elon Musk Talks Solar At Davos, Sparking Ascent's Solar Stock Trend

Benzinga

Elon Musk may not have named a stock — but his comments at the World Economic Forum about solar-powered AI satellites sent traders searching for exposure to space-based solar technology.  Ascent Solar Technologies (ASTI), a small-cap solar company specializing in flexible, lightweight thin-film solar panels for space, defense, and UAV applications, surged after-hours following Musk’s remarks and the company’s own announcement of new defense partnerships and 2026 production plans.  In this short video, we break down why Ascent Solar stock is trending, what Musk actually said about space solar, and why investors are paying attention as the company approaches its 52-week highs.  Source: https://www.benzinga.com/markets/equities/26/01/50088354/elon-musk-factor-ascent-solar-technologies-asti-stock-is-trending-overnight-what-you-should-know

Transcript

00:00Elon Musk just reignited a tiny solar stock overnight. At Davos, Musk said SpaceX plans

00:06to launch solar-powered AI satellites. He said solar panels in space generate five times more

00:11energy than on Earth. And hours later, a little-known company called Ascent Solar started

00:16trending. The stock jumped nearly 18% after hours, closing around $8. Ascent builds flexible,

00:22lightweight, thin-film solar panels designed for space, drones, and defense. They just announced

00:28a new defense and space partnership and Q1 array deployments. This is still a $32 million company

00:34trading near its 52-week highs. Musk didn't name them, but when he talks space solar,

00:40the market listens.

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