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 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.