Hoku Scientific Inc. (HOKU) and and Tianwei New Energy Holdings announced after the bell Tuesday that they signed a definitive agreement providing for a majority investment in Hoku by Tianwei and debt financing by Tianwei and China Construction Bank, for the construction and development of Hoku's polysilicon production facility in Idaho.
Hoku Scientific gapped open sharply higher Wednesday and is currently up 1.45 at $3.59, with volume already reaching a 2 1/2 month high. The stock has broken out to a 3 1/2 month high and has re-crossed its 200-day moving average.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.