Updated at 1:10 p.m., Wednesday, June 13, 2007
Shares of Hoku Scientific soar on polysilicon deal
Advertiser Staff
Shares of Hoku Scientific Inc. rose sharply today after the company announced that it will provide up to $678 million in polysilicon to Suntech Power Holdings Co. over a 10-year period.Shares of Hoku were up $2.44, or 53 percent to $7.02 in late morning trading on the Nasdaq Stock Market.
Hoku Materials, an Idaho-based Hoku subsidiary, will begin providing the material to Suntech in mid-2009.
