Posted at 11:20 a.m., Thursday, January 3, 2008
Hoku shares close at record high $14.19
Advertiser Staff
Shares of Kapolei-based Hoku Scientific Inc. closed up $1.71, or 14 percent, to a record high of $14.19 today on the Nasdaq Stock Market.The move comes one day after Hoku announced that Idaho Power Co. will construct a power substation for Hoku planned polysilicon plant for $14.8 million.
Hoku is building the plant in Pocatello, Idaho, to provide polysilicon to the solar-power industry, which uses the material as a key component for its products. Polysilicon demand and prices have risen significantly as supplies have come under pressure.
Hoku's previous closing high of $14.05 a share was reached last summer.
