Ascent Solar shares rise 10.05% intraday after announcing CIGS PV module advancements and partnerships for space-based energy beaming.

Ascent Solar Technologies surged 10.05% intraday trading after announcing plans to advance CIGS PV modules capable of generating multiple times more power for space beaming. The company detailed its 2026 strategy to develop distributed power-receiving products, supported by ongoing collaborations with NASA’s Marshall and Glenn Research Centers, as well as partnerships with firms like Cislunar Industries to enhance spacecraft power efficiency. These advancements leverage Ascent’s in-house manufacturing capabilities at its Colorado facility and align with growing demand for space-based energy solutions. The news reinforces the company’s positioning in the space industry, with planned conference presentations to showcase progress later this year.