DayStar Technologies, Inc. (DSTI) Appoints Magnus Ryde As CEO

Analyst Dale R. Pfau at Cantor Fitzgerald has released an update on DayStar Technologies, Inc. (NASDAQ: DSTI). The company announced yesterday that it has appointed Magnus Ryde, a Silicon Valley veteran, as CEO.

The appointment follows the restructuring of the company’s board last quarter that saw several strong executives joining the board. Cantor Fitzgerald believes that Ryde has spent considerable amount of time investigating the company, and its technology, and that he is aware of the challenge in financing the company. However, Cantor Fitzgerald believes that the new CEO is bullish about the company’s prospects.

Cantor Fitzgerald continues to rate DayStar Technologies, Inc. as a Buy, with a price target of $1.50.