Weekend Edition: Hi-Ho Hoku!
Here is the huge day seen on Hoku Scientific on it proceeding withmanufacturing plans and with an upgrade.
This morning there is a huge jump in Hoku Scientific (HOKU), with its shares up 28% to $4.43 on monster volume compared to most days for the stock. Piper Jaffray raised this stock from a market Perform rating up to an outperform rating. The thinly-traded company also awarded a contract to a Lockwood Green venture to provide construction and engineering related services for its new polysilicon production plant that will manufacture and sell polysilicon for solar applications. The terms were not disclosed and really aren't that important as this signals the company is proceeding ahead. This stock has been battered this year and cut by 3/4 before interest in the name resurfaced in recent trading days. This is one of the thin-volume microcap plays out there with a $70+ million market cap. The company has posted marginal profits on and off, and the fact that they may be able to capitalize off of the shortages of materials in the construction of alternative energy products for residential solar panels.
So far, this upgrade looks like the "Analyst Call of the Day."
Jon C. Ogg
This morning there is a huge jump in Hoku Scientific (HOKU), with its shares up 28% to $4.43 on monster volume compared to most days for the stock. Piper Jaffray raised this stock from a market Perform rating up to an outperform rating. The thinly-traded company also awarded a contract to a Lockwood Green venture to provide construction and engineering related services for its new polysilicon production plant that will manufacture and sell polysilicon for solar applications. The terms were not disclosed and really aren't that important as this signals the company is proceeding ahead. This stock has been battered this year and cut by 3/4 before interest in the name resurfaced in recent trading days. This is one of the thin-volume microcap plays out there with a $70+ million market cap. The company has posted marginal profits on and off, and the fact that they may be able to capitalize off of the shortages of materials in the construction of alternative energy products for residential solar panels.
So far, this upgrade looks like the "Analyst Call of the Day."
Jon C. Ogg
posted by douglas mcintyre at 6:42 AM
Subscribe
<< Home