DayStar Technologies Sells Solar Assets to PacWest for Estimated $50 Mln; Shrs Up Nearly 1%, But Off Day Highs

By Staff,

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DayStar Technologies Inc. ( DSTI ), which has hit a day high $1.40, has sold to PacWest Equities Inc. the Solar Technology Line of CIGS technology in a deal some analysts value in excess of $50 million.

The sale provides PacWest with ownership of all of DSTI's solar assets, including its proprietary, differentiated manufacturing process to produce low-cost, monolithically integrated, silicon-free, CIGS-on-glass modules that address the grid-tied, ground-based Solar (PV) market.

Today, DSTI and The Breakfast Clubs of Canada announced details of a renewable energy funding partnership.

DSTI is up 0.9% at $1.35 but off a day high $1.40, in a 52-week range of $0.90 to $2.48.

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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