Cantor Fitzgerald Initiates Coverage on DayStar Technologies (DSTI) with a Buy
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Cantor Fitzgerald initiates coverage on DayStar Technologies, Inc. (Nasdaq: DSTI) with a Buy. Price target $5.
Cantor analyst says, "We believe Daystar is developing a promising proprietary process technology for CIGS based thin film PV modules. If they are successful, we believe the company could capture significant market share over the next several years. We believe that investors, in the current market environment, are overly discounting the company's earnings prospects...We are anticipating that DayStar will have losses through 2010, reaching profitability in 2011, and strong profitability in 2012."
DayStar Technologies, Inc. has developed a thin film deposition technology for solar photovoltaic (PV) products.
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