(Source: Business Wire)
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Today's hot stocks to watch include:
Hoku Scientific, Inc. (NASDAQ:HOKU) shares jumped over 50% and trade as
high as $4.33 in morning trade as the Company announced a definitive
agreement for majority investment with Tianwei Energy Holdings Co. for
the construction and development of Hoku's polysilicon production
facility in Pocatello, Idaho. As a result, Tianwei will become the
Hoku's majority shareholder, and will have the right to nominate a
majority of the members on Hoku's Board of Directors.
Discovery Laboratories, Inc. (NASDAQ:DSCO) shares surged over 30% to
$1.42 on over 76M in volume as the Company released the result of
meeting with FDA to gain U.S. marketing approval of Surfaxin(R) for the
prevention of Respiratory Distress Syndrome. The FDA indicated that
Discovery Laboratories proposed program to optimize and validate the
Biological Activity Test is reasonable. Discovery Laboratories, Inc. is
focuses in developing Surfactant Therapies for respiratory diseases.
Cano Petroleum, Inc. (NYSE:AMEX) shares advanced 38% to $1.25 after the
Company and Resaca Exploitation, Inc. announced that the board of
directors of the two companies have unanimously approved a definitive
plan to merge the two companies in a tax-free, stock-for-stock exchange.
Cano shareholders will receive 2.1 shares of Resaca common stock for
every share of Cano common stock and will own approximately 50 percent
of the combined company.
Axcelis Technologies Inc. (NASDAQ:ACLS) shares moved up 17% to $1.20 as
the Company introduced an ungraded high energy ion planter product line.
The Low Angle implant upgrade is designed to deliver higher yields and
improved overall device performance. The Company supplies high energy
ion implants systems. Axcelis is dedicated in developing enabling
process applications.
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