DayStar Technologies in Lock-Up Agreement for Acquisition of 7 Solar Projects in Greece - Shares Up 1%

By Staff,

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DayStar Technologies Inc. ( DSTI ) has entered into a lock-up agreement to acquire seven solar projects from Arxikon Construction Company in Greece.

Electricity revenues from the projects are through long-term feed in tariff contracts and will cash flow approximately $75 million Euros over 20 years. This lock-up agreement allows DSTI 200 days to complete its due diligence, regulatory approvals and financing.

DSTI is up 0.76% to $1.60, trading in a 52-week range of $0.90 - $3.43. Shares have fallen 4% in the last 12 months.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing Commodities
Referenced Stocks: DSTI

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