Two young solar companies--DayStar Technologies and OptiSolar--have indicated that they're on shaky financial footing, signs that a shake-out among solar power companies has begun.
On Friday, DayStar Technologies said that it has issued a "going concern" statement as part of its annual filing with the Securities and Exchange Commission. The Halfmoon, N.Y.-based company had a net loss of $26 million in 2008.
"Our commercialization plans require additional capital to be raised," William Steckel, DayStar's chief financial officer, said in a statement. He added that the company engaged J.P. Morgan Securities to … Read more