The Best Shares to Buy: Ascent Solar Technologies,
Post# of 22756
By Daniel Lee • December 18, 2015
On the trading floor, shares of Ascent Solar Technologies, Inc. (NASDAQ:ASTI) gained 3.33% to close at $0.155. The $14.44M company on December 17, 2015 announced the brand’s expanded participation at the 2016 Consumer Electronics Show (CES) in Las Vegas.
“2016 is poised to be a year of rapid growth for EnerPlex both in product breadth and revenue,” said Justin R. Jacobs, Manager of Brand Development for EnerPlex & Ascent Solar. “CES is the perfect launch-pad for this growth; visitors to our exhibit will be treated to the next generation of mobility power in each of our key verticals: Mobile, Outdoor and Emergency Power.”
2016 EnerPlex at CES highlights:
Introduction of two new EnerPlex products: Both products to be introduced at CES 2016, the never before seen Kickr Mini and Jumpr Fit series, represent new paradigms in both consumer solar power and powerbank technology, these products will be shown to the media for the first time at the Digital Experience! press event on January 5th.
Exhibition of EnerPlex’s consumer drone charging solution: A combination of solar power generation and battery storage, EnerPlex’s upcoming drone solution is designed for users who demand a lightweight and easily portable drone power solution.
The MilPak™ E: The world’s most rugged integrated power generation and storage unit will be on display at CES, both during the show as well as during Digital Experience!
SolarCity Corp (NASDAQ:SCTY) closed at $57.26 with an increase of 6.65%. On December 16, 2015, SolarCity urged Congress to swiftly pass comprehensive legislation that includes an extension of the Investment Tax Credit (ITC) for solar. The provision, included in sweeping appropriations and tax bills introduced by House Speaker Paul Ryan today, is the result of weeks-long bipartisan negotiations between Senate and House leaders.
The proposed legislation would follow on the heels of the historic global climate agreement in Paris, where 195 countries committed to tackle climate change and galvanize greater investment in clean energy. Consistent, long-term policies supporting solar energy, along with other clean energy sources, are critical to the growth of a lower-carbon economy. This week, analysts told the National Journal that lifting the ban on crude oil exports would have a negligible impact on U.S. carbon emissions, while greater support and certainty for solar could more than double the nation’s total installed solar capacity.
“On behalf of over 15,000 employees here in the U.S. and nearly 300,000 customers, SolarCity applauds the bipartisan agreement that prioritizes the growth of solar in the United States,” said SolarCity CEO Lyndon Rive. “Using clean energy is the most important step an individual can take to address climate change and protect future generations. Combined with the historic Paris climate agreement, long-term certainty for the ITC sends a strong signal to the marketplace that investment in clean energy is the right way to drive continued economic growth and job creation. We urge Congress to act quickly to enact the measure.”
Blackstone Group LP (NYSE:BX) ended at $30.56 by gaining 2.55%. The $35.35B company and MB Aerospace announced on December 16, 2015 that private equity funds managed by Blackstone have successfully completed the acquisition of MB Aerospace, a leading Tier I engine component manufacturer and repair business, from Arlington Capital Partners.
MB Aerospace has facilities across the U.S., U.K., and Poland. The company has a well-balanced manufacturing model providing complex machined and fabricated assemblies into production and aftermarket applications across an installed base of 65 aero-engine platforms. MB Aerospace’s key customers include Pratt & Whitney, Rolls-Royce, General Electric, Boeing, United Technologies Aerospace Systems, Pratt & Whitney AeroPower, GKN, Mitsubishi Heavy Industries, and the US Department of Defense.
The company’s experienced management team will remain in place and will continue to be led by Craig Gallagher, Chief Executive since 2003.
Blackstone was advised by Simpson Thacher & Bartlett LLP.
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