Hoku Scientific Posts 3Q Profit (HOKU)

Jan.23.06 | About: Hoku Corp (HOKUQ)

Last Thursday, Hoku Scientific, Inc. (ticker: HOKU) posted earnings of $202,000, or a penny per share, reversing a year-ago loss of $650,000, or 11 cents per share. Service and license revenue surged to $1.7 million from $75,000 in the 2004 quarter, fueled by contracts with auto manufacturer Nissan Motor Co., Sanyo Electric Co. and the U.S. Navy. [more]

Hoku is one of the few Alternerative Energy stocks that is actually profitable. Excluding certain items, earnings were 3 cents a share, above First Call's mean analyst estimate of 1 cent. They blew away estimates this quarter and the stock traded up over 8% on Friday.

HOKU 1-Yr Chart