Cantor Fitzgerald Rates DayStar Technologies (DSTI) a Buy After Meeting With Chairman/CEO

June 11, 2009 9:46 AM EDT

Cantor Fitzgerald rates DayStar Technologies (Nasdaq: DSTI) a Buy. Price target $5.

Cantor analyst says, "On June 10 we had the opportunity to meet with Dr. Robert Aldrich, CEO and Chairman. After spending about an hour with him, we are now more comfortable that there will be a positive outcome for DayStar. We believe that the company is still actively engaged with at least one and maybe more potential strategic partners. We are increasing our estimate to a 60% chance that the company will find a strategic partner that will move the company toward production. This is up from our prior estimate of a 33% chance. We are lowering our estimate to a 20% chance that the company will be acquired, this down from our prior estimate of a 33% chance. We are also lowering our estimate that the company will be unsuccessful in its efforts to a 20% chance, which is down from our prior 33% chance. We are adjusting our estimates for 2009 and 2010 to account for what we believe is a one quarter slip due to the delay in finding a partner. We are now estimating that the company could begin production shipments in 1Q:10 if it is fully funded by the end of 3Q:09."

To see more analyst ratings on DSTI Click Here.

DayStar Technologies, Inc., a development stage company, develops, manufactures, and markets products for the solar photovoltaic industry to convert sunlight into electricity.

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