Tag Archives: hoku
Is Hoku’s Polysilicon Operation Takeover Bait? (HOKU)
Concerns about climate change, energy security and ever-shrinkingconventional resources are very much on everyone’s mind these days.Policymakers’ shifting commitment to embracing renewable technologybodes well for the future of alternatives. So despite the still-saggingeconomy, green players are jockeying for dominance in the world of NewEnergy. A company that could find itself an acquisition target of one of [...]
Hoku Materials’ (HOKU) Idaho Plant Granted Foreign Trade Zone Status
Hoku Materials just announced that its Pocatello, Idaho plant hasbeen granted foreign trade zone status. This news means that Hoku willbe except from paying duties on all supplies it imports from othercountries, as long as the products produced are intended for export.Since approximately 80% of Hoku’s expected polysilicon capacity hasalready been sold to Chinese companies, [...]
Hoku Scientific (HOKU) Retains Deutsche Bank For Possible Sale Of Company
One month ago we first reported on Hoku’s financing concernsfor the Idaho plant which sent the stock plunging 30%. Hoku Scientific(HOKU) is taking another nose dive today (down 15%) after it reportedthat its financial troubles have forced the company to slow construction on its Idaho polysilicon plant while it looks for investors and/or a possible [...]
Hoku, Tianwei amend polysilicon supply agreements
Hoku Materials Inc., a wholly owned subsidiary of Hoku Scientific Inc.,established to manufacture and sell polysilicon for the solar market,and Tianwei New Energy (Chengdu) Wafer Co. Ltd., a subsidiary ofTianwei New Energy Holdings Co. Ltd. that manufactures silicon wafers,photovoltaic cells, and modules in China, have amended their twopolysilicon supply contracts. This amendment is meant toaccelerate [...]
Hoku Scientific (HOKU) Plunging 30% On Financing Concerns
Hoku Scientific (HOKU) reported earnings after the bell yesterday,but it isn’t the earnings that’s driving the stock down this morning,it’s concern that the company won’t be able to raise enough cash tofund construction of its Idaho polysilicon plant and possibly remain inbusiness. The company has a $106 million gap that it’s working to fillthrough customer [...]
Hoku Scientific (HOKU) Surging With Heavy Volume Above 200DMA
Hoku Scientific (HOKU) is really surging today with heavy volume abovethe 200 day moving average for the first time in well over a year. Idon’t see any news today, but the company did announce an economic development package(ie tax breaks) with the City of Pocatello of Idaho which we covered afew days ago. Perhaps an [...]
Hoku Materials (HOKU) Signs Economic Development Agreement With Pocatello
Hoku Materials just announced a new economic development agreementwith the City of Pocatello. The deal could grant Hoku up to $49 millionworth of tax increment financing. Under the terms of the contract, Hokuwill get up to $26 million in incremental property tax reimbursement tocover its capital costs from setting up a polysilicon production plantin Pocatello. [...]