Cowen is out saying they see 80%+ upside in Hoku Scientific (HOKU). The Firm says they do not believe the ongoing equity distribution deal should stall the shares, because the boundary conditions are known. Shares of HOKU are currently trading at just 6x Cowen's C2010E EPS of $0.96. Reiterates Outperform.
Notablecalls: Could see some buy interest following Cowen's call.