Tag Archives: Tianwei

GT Solar (SOLR) Lands Big $200 Million Deal For Solar Ingot Furnaces In China

GT Solar International (SOLR) announced a $20 million order for its DSS450 solar ingot furnace about a week ago and the CEO commented then that the company was seeing a pickup in demand as China solar manufacturers look to increase capacity.. he wasn’t kidding!  This morning the company has announced $200 million in new orders for its industry leading furnace, ancillary equipment and services.  The new orders include a $137 million follow on order (which … Read the rest

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

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%.… Read the rest

Hoku (Nasdaq: Hoku) Enters Second Contract With Tianwei New Energy Wafer Co.

Marketwire reports that Hoku has entered into a second contract with Tianwei New Energy Wafer Co, bringing it one step closer to funding the polysilicon plant it is constructing in Idaho. Hoku has also increased the capacity of the proposed plant, from  3,500 metric tons of polysilicon to 4,000.

Under the new contract with Tianwei, Tianwei will pay Hoku Energy an additional $227 million, more or less,  for predetermined amounts of polysilicon, to be delivered … Read the rest