Ascent Solar Changing Strategy and Management
Ascent Solar (ASTI) is down after it said late Thursday it is changing its strategy to focus on the company's lightweight, flexible thin-film solar module technology on applications for emerging and specialty markets. The change in strategy will mean a change in leadership and sizing the company to a new cost structure. CEO Farhad Moghadam is stepping down and Ron Eller is named President and CEO.
Credit: Financial News Network
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