DALLAS, May 4, 2010 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring Hoku Corp. (Nasdaq:HOKU). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.
The full report is available at: www.microstockprofit.com/ads/HOKU
Hoku Corp. (HOKU), formerly Hoku Scientific Inc., is a diversified clean energy technologies company with three business units: Hoku Materials, Hoku Solar and Hoku Fuel Cells. Hoku Materials plans to manufacture, market, and sell polysilicon for the solar market from its plant under construction in Pocatello, Idaho. Hoku Solar markets, sells and installs photovoltaic systems in Hawaii. Hoku Fuel Cells has developed fuel cell membranes and membrane electrode assemblies for stationary and automotive proton exchange membrane fuel cells.
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In the report, the analyst notes:
"Revenue for the quarters ended December 31, 2009, and 2008 was $259,000 and $767,000, respectively, derived primarily from photovoltaic, or PV, system installation and related service contracts. Revenues for the quarter ended December 31, 2009, were lower than expected as a result of management's focus on financing for the Company's polysilicon facility under construction in Pocatello, Idaho, and due to slower purchasing cycles for PV systems in Hawaii in 2009. As of December 31, 2009, deferred revenue of $495,000 was attributable to PV system installations and related service contracts.
"HOKU recently announced it has successfully produced polysilicon at its manufacturing facility in Pocatello, Idaho."
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