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Micro-Cap in Focus; DayStar Technologies Inc. (DSTI)

By Warren Paige

Shares of DayStar Technologies Inc. (NASDAQ: DSTI), developer of a thin film deposition technology for solar photovoltaic products, are seeing a huge rally in trading today.

At last check, DSTI shares were trading 16.30% higher at $1.57 on above average volume of 96,800.

Last month, DayStar Technologies announced that it acquired a 10% interest in Eco Energy Solutions (Australia) Pty Ltd. The acquisition was part of DSTI’s new strategic initiative to become a more fully integrated global renewable energy company.

The acquisition marked DSTI’s entry into the energy project solutions business, and established the company’s initial footprint in the attractive and growing Australian and South Pacific renewable markets.

DayStar issued 285,714 shares of DSTI common stock in exchange for the 10% interest.

Peter Lacey last month said that the transaction represents a crucial step in the new strategic direction of DSTI.

 

July 2nd, 2012 | Tags: | Category: Hot MicroCaps

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All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.

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All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.