Updated at 12:08 p.m., Wednesday, January 2, 2008
Hoku coverage started by investment bank
Advertiser Staff
Investment bank America's Growth Capital has initiated coverage of Kapolei-based Hoku Scientific, assigning an intrinsic equity value of $15.79 per share.The Boston-based investment bank said the valuation was based on its expectations of discounted free cash flow for Hoku. It said any debt or equity offering in the future has the potential to affect Hoku's share price.
