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

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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.

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