Couldn't disagree more. I have gotten hammered, but I still think it will come back, and here is why.
If you read between the lines, this is an opportunity for Tienwei to enter the solar panel market in North America. Keep in mind that there are two, possible three different components to Hoku, Hoku Solar, Hoku Materials, and still the Fuel Cell component on moth balls. The materials side has been a disaster, yet the loans keep coming. They now have a solar branch in California that expects to start getting contracts soon, and the old part of the company continues to plug away, all be it, a small part of the company now.
As soon as the plant starts up, they can concentrate on the solar panel side of the company. With poly prices so low, they may not make a lot, or any money short term, but Hoku, I don't believe will end up like Solyndra. The dynamics are much different.
So I plan on holding (and cursing) until things turn around.