Ascent Solar launches 4.6m share offering, Norsk Hydro takes $5m stake

Colorado solar photovoltaic developer Ascent Solar Technologies has commenced an underwritten public offering of 4m shares of common stock. The company also expects to grant the underwriters a 30 day option to purchase up to 692,000 additional shares of common stock. Since the launch, Ascent has slashed the per share price of the offering from $7.85 to $6.50. The offering is expected to close on 6 October, subject to conditions.