Piper Jaffray Maintains Underweight/Lowers Price Target On HOKU Despite Tianwei Rescue

Posted by | # |
07:31:13 am on September 30, 2009

Piper Jaffray is out maintaining its Underweight rating on Hoku Scientific (HOKU) and lowering the price target despite the Tianwei life preserver thrown last night.  The firm notes that while the company gains a strong partner and a new lease on life, the deal dilutes existing shareholders  and doesn’t complete eliminate the risks.  The Piper comment isn’t hurting shares this morning with the stock still up about 60%.

Tags: , , ,
If you enjoyed this post, please consider to leave a comment or subscribe to the feed and get future articles delivered to your feed reader.


No comments yet.

Leave a comment