Mike Tarsala's TechWatch: DayStar (DSTI) CEO interview Will white-hot solar energy stock DayStar Technologies keep on shining, or will its shares burn out after the company exercises warrants to raise cash? DayStar (DSTI, $13.55, -0.39) shares have more than doubled in a week's time, after the maker of silicon-free solar panels signed its first big contract for its unique solar sells. Some traders are now speculating about the possibility of additional deals. Yet what some newcomers to the stock may not realize is that a dilutive exercise of warrants could be imminent. DayStar went public in February '04, and sold 2.1 mln warrants at $6, and 4.2 mln warrants at $10. The $6 warrants are callable if the stock closes above $8.50 for five consecutive days. And today marks Day 5. " Clearly, the warrants are our lowest-cost way to raise capital," John Tuttle, DayStar's chief executive, told us. "The warrants have built-in dilution, so you don't have...
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