Shares of Hoku Scientific, the Honolulu-based technology company, were rated "hold" in coverage initiated at Ardour Capital, according to Briefing.com.

Hoku, which is building a polysilicon manufacturing plant in Idaho and has a photovoltaic solar panel installation business in Hawai'i, has a price target of $3 a share, Ardour said. Hoku's shares fell 38 cents to $2.49, a 52-week low.