Wednesday, June 25, 2008

Hoku Sci (NASDAQ:HOKU): See 80%+ upside in HOKU - Cowen & Co

HOKU: Cowen out saying they see 80%+ upside in HOKU. Firm says they do not believe the ongoing equity distribution deal should stall the shares, because the boundary conditions are known. Trading at just 6x Cowen's C2010E EPS of $0.96. Reits Outperform.

Notablecalls: Could see some buy interest following Cowen's call.

7 comments:

fun said...

I guess Cowen's outperform reits on beaten stocks have not worked that well lately (e.g. their BMRN call on Monday).

marka said...

What boundaries? When I see HOKU come out with 2010 numbers then I will feel better.

jim said...

How's the building program doing?

Beanieville said...

HOKU is a chameleon.

Say Noku to Hoku.

DownGradeAndAccumulate said...

WTF is up with Goldman's BS call on Boeing? Are you kidding me with THAT pipeline, the Dreamliner, AND the Tanker deal back on the table. Goldman has to be accumulating here. I smell something and it's Goldman's reputation going sour!

Matt said...

Can they really raise the entire $260 million they say they need to build the plant? There may or may not be an 80% upside, but there is definitely a 90% downside.

upsidetrader said...

cowen is still in biz? lol