This morning I purchased shares in Hoku Scientific, Inc. (HOKU) for my personal portfolio and an average price of $9.47. I was unable to purchase shares in this stock for the mutual fund since it is a recent IPO that came to the market in early August.
Hoku is a fuel cell membrane manufacture that is based out of Hawaii. They have strategic partnerships created with Sanyo Electric and Nissan. This company also has the honor of being one of the select few companies in this sector that is actually profitable. Another amazing aspect of this company is that all of the officers of the company are in their early 30's.
The company is currently working hard to increase manufacturing capacity and should have a new production line fully operational soon.
« Any opinions expressed on the Seeking Alpha sites are those of the individual authors and do not necessarily represent the opinion of Seeking Alpha or its management. »