DayStar Technologies (DSTI) is just trying to stay alive and still in desperation mode it would appear. The company announced it has entered into Purchase Agreements with investors who have loaned the company cash to fund ongoing research and operations. In exchange for the loans, the company issued each investor a secured convertible promissory note and a warrant to purchase shares of the common stock at an exercise price of 1.25/share. The notes are convertible … Read the rest
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Daystar Technologies (DSTI) Looking At Offshore Solar Module Production
DayStar Technologies (DSTI) announced this morning it’s having trouble accessing capital to build and operate a facility in Newark, California so looking to manufacture its thin film CIGS solar modules offshore and have begun discussions with several potential partners. The company is not ruling out an acquisition of Daystar.
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DayStar CEO, Magnus Ryde, commented, “We are encouraged by the high caliber of the potential partners … Read the rest
Daystar Technologies (DSTI) Sinks To New All Time Low After EPOD Solar Agreement Falls Through
It seems solar company Daystar (DSTI) can’t do anything right these days and the company remains in disarray. A couple weeks ago, the stock got a pop to around the buck level on news it would merge operations with EPOD solar. It appeared for a bit that the stock would get out of the cellar, but the rally stalled out and this morning any optimism was squashed with the announcement of the EPOD agreement … Read the rest
Daystar (DSTI) & EPOD Solar Set To Merge Operations/R&D, Stock Moving
Daystar (DSTI) may get some upside momentum in the coming days on news that they will merge operations and R&D with EPOD Solar of Canada in order to bring the CIGS thin film technology to commercial production much quicker. The two companies plan to sign definitive agreements and complete the transaction as soon as possible which is subject to due diligence reviews and regulatory filings. It may also need to be approved by DSTI shareholders. … Read the rest
Veeco (VECO) Purchases Daystar (DSTI) Assets To Enter CIGS Solar Market
It was announced today that Veeco (VECO) will attempt its own push into the copper, indium, gallium, selenium (CIGS) thin film solar market by purchasing equipment and leased facilities from Daystar Technologies (DSTI) as well as hire its R&D department. Daystar is selling the New York operations to reduce expenses and focus on its CIGS on glass core operations until there is a stronger market for flexible thin film applications.
Senior VP of Veeco, David … Read the rest
Daystar Technologies (DSTI) Reports Loss and Misses
Daystar (DSTI) reported another whopper of a loss after the bell today and missed analyst estimates by 2 cents when it reported a loss of 7.3 million for the quarter, an increase of about 15% over the year ago quarter. DSTI is a company far from profitable and not expected to get there anytime soon.
The CEO tried to put a positive spin on it.
“I am pleased that we have met all of the … Read the rest