Hoku Scientific, Inc. (HOKU) posted earnings of $202,000, or a penny per share, reversing a year-ago loss of $650,000, or 11 cents per share. Service and license revenue surged to $1.7 million from $75,000 in the 2004 quarter, fueled by contracts with auto manufacturer Nissan Motor Co., Sanyo Electric Co. and the U.S. Navy. [ more ]

Hoku is one of the few Alternerative Energy stocks that is actually profitable. Excluding certain items, earnings were 3 cents a share, above First Call's mean analyst estimate of 1 cent. They blew away estimates this quarter and the stock is trading up over 15% in pre-market trading this morning.