Hoku Scientific CEO Dustin Shindo told the HonoluluAdvertiser.com that the company expects to have part of its Pocatello, Idaho plant up and running by the end of this year. At full speed, the $390 million plant will employ approximately 200 workers to produce 4,000 metric tons of silicon per year.
The plant should have power by June or July, according to Shindo, who stated "One of the reasons we selected Pocatello and the state of … Read the rest
Hoku Scientific (HOKU) is out with results after the bell today and they aren’t pretty. The company reported a non GAAP EPS loss of .03/share, a wider loss than the year ago quarter in which the company lost .01/share. Revenues were equally as awful, coming in at $767K.. good for a nearly 50% drop from the year ago period. Their outlook for next year doesn’t get any better with a projection of only $5 million … Read the rest
Hoku Scientific (HOKU) has announced this evening that they have secured a supply deal with BHS Acquisitions, a leading chemical supplier for supplies needed to produce solar grade polysilicon. BHS will supply Hoku with guaranteed amounts of HCI for eight years beginning in 2009 and is expected to be enough to support the continued operation of Hoku’s trichlorosilane plant, enabling the production of 4000 metric tons of polysilicon per year. … Read the rest
Hoku Scientific has posted its 3rd quarter financial results. Although revenue rose tremendously to $1.87 million, but due to increased expenses,the company’s net loss actually increased slightly. This time last year, the company posted a loss of $1 million dollars, or 6 cents a share. This year, the figure has increased to $1.37 million, or 7 cents a share.
However, Hoku is still making progress on its polysilicon plant in Idaho, and expects to … Read the rest
Hoku Scientific has been approved for a $5 million loan with First Hawaiian Bank. The loan will help the company finance expenses incurred from the construction of its new polysilicon manufacturing plant in Idaho. The loan, which carries a 5% interest rate, must be paid back by January 1, 2009. … Read the rest
Hoku Solar, a subsidiary of Hoku Scientific (HOKU) announced a contract with the Hawaiian DOT to design, engineer and install 779 KW of photovoltaic power systems at airports in Lihue, Kahului, Kona and Hilo beginning later this year
“Hoku is proud to have been selected to partner with the Hawaii State Department of Transportation on this effort,” said Dustin Shindo, chairman and chief executive officer of Hoku Scientific. “Through this initiative and many others, the … Read the rest
Hoku Materials, a subsidiary of Hoku Scientific (HOKU) announced the signing of an electric service agreement with Idaho Power Co. for the purchase of electricity to power Hoku’s planned polysilicon production capacity of about 4000 metric tons/year.
“We are pleased to have finalized these agreements,” said Dustin Shindo, chairman and chief executive officer of Hoku Scientific. “The cost of electricity is the largest single component of polysilicon production costs for a Siemens-based process such … Read the rest
Hoku (HOKU) was up nearly 14% today and looks ready to attack the 200 day moving average around 8/share in the coming weeks following news that the company signed a $455 million supply contract with Solargiga Energy Holdings.
Under terms of the deal, Hoku will supply polysilicon to Solargiga over a 10 year period and up to $455 million may be payable to Hoku during the 10 year period, subject to product deliveries and … Read the rest
Hoku Scientific (HOKU) ramped up 15% today and above the 50 day moving average on news of a big supply deal for solar grade polysilicon. HOKU will supply China based Kinko Energy with solar grade polysilicon over a 10 year period beginning in late 2009 with a value of approximately 300 million. The contract calls for an initial $10 million payment to HOKU and additional prepayments of 20 and 25 million over the next … Read the rest