posted
Yes, the Great One has returned... and he brings a gift - HOKU! Nasdaq play.
Hoku Scientific, Inc., a materials science company, focuses on clean energy technologies. The company designs, develops, and manufactures membrane electrode assemblies (MEAs) and membranes for proton exchange membrane. It develops custom monomers and polymers for MEAs. The company also develops polysilicon-based photovoltaic (PV) modules for solar power systems; and polysilicon, a primary raw material used to manufacture PV modules. Hoku Scientific offers its products and services for the residential primary power, commercial back-up, and automotive hydrogen fuel cell markets. It has strategic relationships with Sanyo Electric Co., Ltd. and Nissan Motor Co., Ltd. for the development of its Hoku MEAs and Hoku Membranes. The company was founded by Dustin M. Shindo and Karl M. Taft III in 2001. It was formerly known as Pacific Energy Group, Inc. and changed its name to Hoku Scientific, Inc. in July 2001. Hoku Scientific is headquartered in Kapolei, Hawaii.
Shares Outstanding: 16.44M Float: 11.10M % Held by Insiders: 32.48% % Held by Institutions: 6.70%
-------------------------------------------------------------------------- Hoku Scientific Completes Installation of Demonstration Fuel Cells for U.S. Navy Wednesday August 16, 4:00 pm ET
KAPOLEI, HI--(MARKET WIRE)--Aug 16, 2006 -- Hoku Fuel Cells, a business unit of Hoku Scientific, Inc. (NASDAQ:HOKU - News) that develops and manufactures fuel cell membranes and membrane electrode assemblies (MEA) for stationary and automotive proton exchange membrane (PEM) fuel cells, today announced that it successfully completed the installation of all demonstration fuel cell power plants under Hoku Scientific's contract with the U.S. Navy.
A total of ten power plants are now being demonstrated over a one-year period in accordance with a test plan approved by the U.S. Navy. Six of these power plants are located at a building occupied by the Energy and Business Services Division of U.S. Navy Region Hawaii at Pearl Harbor, and the remaining four are located at the Greater Mid-Pacific Branch Office of the Office of Naval Research, located in the Commander Pacific Fleet compound. The test plan is designed to assess the performance of Hoku MEA under a variety of real-world operating conditions.
"The commencement of this demonstration marks a key milestone for Hoku," said Dustin Shindo, chairman of the board, president and CEO of Hoku Scientific. "This is the first field demonstration of our hydrocarbon-based Hoku MEA integrated into an OEM fuel cell system, and we believe this is the first field test of any non-fluorinated membrane in a low temperature stationary hydrogen fuel cell application."
Each of the stationary fuel cell power plants being demonstrated was designed by IdaTech LLC.
-------------------- Stick with Repo's plan in '07 - FRPT/DKAM! Posts: 6379 | From: PA | Registered: Dec 2004
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posted
Also, look at the chart... coming off a 52 week low! Cramer loved this at $9. It is up 41% today, $1.11. Do your own DD, but it is good for a rise up to $5 at least, if not $7-$8.
-------------------- Stick with Repo's plan in '07 - FRPT/DKAM! Posts: 6379 | From: PA | Registered: Dec 2004
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posted
I'm averaged down to 3.06- this has huge potential in a struggling industry. I also think that QTWW, a fellow fuel cell play, is very affordable right now. Are you following that one too Repo?
-------------------- I get lucky just like the rest of you. Posts: 143 | From: Columbus, OH | Registered: Oct 2005
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Haha... only 1 repoman, and he's on his game. Made a boat load on WWEN, and now my play is this HOKU. Still loaded on FRPT (keep your eye on the target).
-------------------- Stick with Repo's plan in '07 - FRPT/DKAM! Posts: 6379 | From: PA | Registered: Dec 2004
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Hoku Scientific Awards Contract for Polysilicon Plant Thursday August 24, 4:10 pm ET
KAPOLEI, HI--(MARKET WIRE)--Aug 24, 2006 -- Hoku Materials, a business unit of Hoku Scientific, Inc. (NASDAQ:HOKU - News), that is planning to manufacture and sell polysilicon for solar applications, today announced that it has awarded a contract to CH2M HILL Lockwood Greene to provide engineering and related services for Hoku Materials' planned polysilicon production plant. The total value of the contract was not disclosed. ADVERTISEMENT
This first phase of the project, plus the balance of the engineering, procurement and construction management services (EPCM) project, will include completion of the detailed engineering design, as well as the construction and start-up of the plant.
"We're pleased to receive this strategic award from Hoku Materials and look forward to bringing our polysilicon plant design and construction experience to this important venture," said Pete Primm, President of Chemicals for CH2M HILL Lockwood Greene. "We look forward to integrating with Hoku's team on this project."
"As we take definitive steps towards executing on our polysilicon strategy, we are pleased to add CH2M HILL Lockwood Greene to our team," noted Dustin Shindo, chairman of the board of directors, president and CEO of Hoku Scientific. "They have performed projects for many of the leading polysilicon manufacturers worldwide over the past several years, and we are confident that their experience in the polysilicon industry will help us to complete this project in time to meet our company's objectives."
-------------------- Stick with Repo's plan in '07 - FRPT/DKAM! Posts: 6379 | From: PA | Registered: Dec 2004
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Another one of my picks... forgot about this... up 100% from my pick, up 115% today!
Hoku and SANYO Enter Major Polysilicon Supply Contract Thursday January 18, 5:30 am ET
KAPOLEI, HI--(MARKET WIRE)--Jan 18, 2007 -- Hoku Materials, a division of Hoku Scientific, Inc. (NASDAQ:HOKU - News) established to manufacture polysilicon for the solar market, today announced the signing of a definitive contract with Sanyo Electric Company, Ltd., for the sale and delivery of polysilicon to SANYO over a seven-year period beginning in January 2009. Under the contract, up to approximately $370 million may be payable to Hoku during the seven-year period, subject to the achievement of milestones, the acceptance of product deliveries and other conditions. The contract provides for the delivery of predetermined volumes of polysilicon each year at set prices from January 2009 through December 2015. The contract also provides for an initial direct deposit of $2 million to Hoku upon signing and requires that SANYO place approximately 30% of the total purchase amount in an escrow account with Bank of Hawaii. Under the agreement, the escrowed funds are to be released to Hoku in installments, subject to Hoku's successful achievement of certain polysilicon quality and production volume milestones and other conditions.
"This is a major step forward in our plan to launch Hoku Materials and execute our polysilicon business strategy," said Dustin Shindo, Chief Executive Officer of Hoku Scientific. "We are pleased to have established this relationship with SANYO, a global leader in the solar cell and module business."
Hoku now plans to build a plant capable of producing 2,000 metric tons of polysilicon per year. Hoku estimates that the establishment of this larger facility may require total construction costs of approximately $260 million. In connection with the financing of this construction, Hoku intends to seek debt capital of approximately $130 million. Under the agreement, Hoku and SANYO each have the right to terminate the agreement if Hoku is unsuccessful in raising the additional capital required to complete the construction of the polysilicon plant within the next six months. If the agreement is terminated early for this reason, if Hoku is ultimately not successful in building the polysilicon plant, or if Hoku does not meet certain quality and productivity milestones or timely deliver minimum quantities of polysilicon, the agreement provides that the initial direct deposit and the funds being held in escrow will be returned to SANYO.
-------------------- Stick with Repo's plan in '07 - FRPT/DKAM! Posts: 6379 | From: PA | Registered: Dec 2004
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posted
I sure wish I had gotten in to this one earlier on. Congrats to you who did!!
Posts: 741 | From: North Carolina | Registered: Feb 2006
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