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.
I guess Cowen's outperform reits on beaten stocks have not worked that well lately (e.g. their BMRN call on Monday).
ReplyDeleteWhat boundaries? When I see HOKU come out with 2010 numbers then I will feel better.
ReplyDeleteHow's the building program doing?
ReplyDeleteHOKU is a chameleon.
ReplyDeleteSay Noku to Hoku.
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!
ReplyDeleteCan 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.
ReplyDeletecowen is still in biz? lol
ReplyDelete