August 11, 2005
SpeculatingStocks.com Stock Pick: Hoku Scientific, Inc. (HOKU)
Stock Price: $6.22 (long-term strong buy)
Hoku Scientific, Inc. designs, develops and manufactures membrane electrode assemblies (MEAs) and non-fluorinated membranes for proton exchange membrane (PEM) fuel cells.
HOKU went public on August 5th, the company originally planned to go public between $11 and $13 a share before dropping it to $8 and then finally going public at $6.00 per share. HOKU ran to $7.00 on August 8th.
We believe HOKU will eventually reach its originally planned IPO price of around $12. There are only 3.5 million shares in the float, HOKU will move fast once volume picks up.
SpeculatingStocks.com Target Price: We expect HOKU to reach $12 within the next 3 to 6 months.