02 Jan '12, 6pm

Green Jobs: Good and Bad News for Solar Sector

Here's the last installment of greentech job movement in 2011, with this chapter devoted entirely to the solar industry: Hoku Corporation's CFO, Darryl Nakamoto, resigned. Hoku (Nasdaq:HOKU), in a case of questionable timing, is opening up a long-threatened polysilicon plant in Pocatello, Idaho. Hoku is a subsidiary of Tianwei New Energy Holdings, which is an affiliate of China South Industries Group Corporation (CSGC). CSGC is a mammoth firm with 191,000 employees. Tianwei manufactures polysilicon, wafers, cells and modules. Hoku manufactures, well, nothing. Hoku started out as a fuel cell company, went public in 2005, and pivoted into being a solar manufacturer with $2 million in "service and license revenue" in 2011 according to its most recent 10-K filing . The document reveals that the firm had "cash and cash equivalents on hand of $3.2 million and current liabilities...

Full article: http://www.greentechmedia.com/articles/read/green-jobs-go...

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