Ascent Solar cuts workforce, other expenses

THORNTON — Thornton-based Ascent Solar Technologies Inc. has cut its workforce by roughly half.

The maker of flexible solar panels said Thursday in a filing with the Securities and Exchange Commission that it has 77 full-time employees and eight contractors. That’s down from 117 full-time employees and about 50 contractors in December.

The Denver Post reports the company is repositioning itself to focus on high-value niche markets, such as solar panels for the military, vehicles and consumer goods.

CEO Ron Eller told analysts in a conference call that the cuts in jobs and other expenses will reduce the company’s spending to $4 million in the second quarter from $7.5 million in the first quarter.

Ascent shares were up 2 cents to $1.60 in midday trading today.


COMMENTS

Commenting is not available in this channel entry.


TOP JOBS
  • Therapist

    Solutions WellnessCenter, a newly established innovative behavioral h...

  • Hr Generalist

    Large company withapprox. 750 employees.Associates Degree in

  • Cdl Instructor

    wantedSAGE of Grand JunctionSpend Nights/Weekends at HOME!

  • Parts Manager

    Hiringfor John Deere Dealership. Must have 5-7 years parts experience an...

  • Unit Manager Rn Or Lpn

    Unit ManagerRN or LPNManagement experience in long-term care....

  • Private Investigator

    Must be computer literate, pass background check, have valid drivers ...

Search More Jobs





THE DAILY SENTINEL
734 S. Seventh St.
Grand Junction, CO 81501
970-242-5050
Editions
Subscribe to print edition
E-edition
Advertisers
Sign in to your account
Information

© 2015 Grand Junction Media, Inc.
By using this site you agree to the Visitor Agreement and the Privacy Policy