Posted at 1:47 p.m., Friday, January 19, 2007
Hoku Scientific shares fall 19% one day after big rally
Advertiser Staff
Shares of Kapolei-based Hoku Scientific Inc. sank 19 percent a day after news of a big contract sent the stock soaring.Hoku's shares fell $1.34 to $5.56 at the close of trading today on the Nasdaq Stock Market as 15.4 million of the company's shares were bought and sold.
Yesterday the shares more than doubled after the company announced a sales agreement with Japan's Sanyo Electric Co. Ltd. Sanyo will purchase up to $370 million in polysilicon from a Hoku plant that will be built in Pocatello, Idaho.
