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Schaeffer's Street Stories: Hopes Remain High for Hoku Scientific Before Earnings

^{Published on 2009-01-27 09:24:51, Last Modified on 2009-01-27 09:25:12 - Market Wire}
 

CINCINNATI--([ BUSINESS WIRE ])--Kapolei, Hawaii-based Hoku Scientific (NASDAQ: HOKU) is slated to step into the earnings spotlight after the close tomorrow. The Street is currently expecting the alternative energy technology firm to report a loss of 6 cents per share on revenue of $4.93 million for the quarter.

Although the security has a record of beating the Street's expectations in the earnings confessional, there is still a surprising amount of optimism for the downtrending shares. The stock has slipped more than 75% during the past 52 weeks, and it's currently seeing pressure from its 10-day moving average.

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