Shares of Ascent Solar Technologies, Inc. (NASDAQ:ASTI) are soaring Thursday afternoon. The stock’s significant movement comes amid heightened trading volume and increased attention across various social media platforms.
What’s Going On: One potential catalyst for the surge in Ascent Solar stock could be the broader positive sentiment in the solar sector following President Joe Biden’s announcement of increased tariffs on Chinese imports, including solar cells.
Reports from last week indicated that the Biden administration is planning to impose a 50% tariff on Chinese solar cells this year, ...