Tag Archives: kinko energy

Hoku Scientific (HOKU) Signs $300 Million Polysilicon Deal

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