DayStar Technologies close to bankruptcy

Facebook
Twitter
LinkedIn
Reddit
Email

CIGS thin-film start-up, DayStar Technologies reported a first quarter loss of US$7.7 million, with US$6.5 million in cash and cash equivalents remaining. DayStar had total liabilities of US$16.0 million, and total stockholders’ equity was US$37.0 million. The company had US$10 million of purchase orders for equipment outstanding. The company said in its SEC 10Q filing that it would be forced to curtail operations as it had not been able to raise new funds to date.

In the SEC filing, DayStar noted that should further efforts to raise funds in the near-term be unsuccessful it would need to enter Chapter 11 bankruptcy.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

The company had previously said that it would need significant new capital to enable it to begin volume production of its thin-film CIGS technology.

Read Next

September 12, 2025
Colombian energy supplier Celsia is seeking more than US$1.2 billion in investment to build wind and solar generation projects in Peru. 
September 12, 2025
German trade association BSW-Solar has called the German government for a simplified, standardised and more digitalised grid access for solar PV and energy storage operators.
September 12, 2025
ACME Venus Urja has secured INR3.8 billion (US$43 million) to develop and construct a solar-plus-storage project in Barmer, Rajasthan.
Premium
September 12, 2025
Vote Solar's Sean Garren tells PV Tech Premium that Georgia Power's latest IRP is 'skewed so heavily towards fossil fuels'.
September 11, 2025
Founder Group has won a RM10 million (US$2.3 million) engineering, procurement, construction and commissioning contract for a 30MW solar plant in Malaysia.
September 11, 2025
German renewable energy developer ib vogt has signed a 70MW solar PV virtual power purchase agreement (vPPA) in Romania.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines