Hoku Shares Up 21%--Merrill Lynch Involved in Financing of Pocatello Plant

More good news for Hoku...see article below from the Pacific Business News:

Shares of Hoku Scientific stock surged Thursday, one day after the company announced its $185 million financing agreement with Merrill Lynch for construction of its polysilicon plant in Pocatello, Idaho.

Kapolei-based Hoku's (Nasdaq: HOKU) stock finished trading up nearly 21 percent to $10.72. Earlier it had risen as high as $12.30.

The company is building the plant to produce polysilicon, a key component in solar energy systems and other electronic processes. Already, Hoku has lined up several large contracts from companies that want to buy polysilicon starting in 2009.

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