LDK Solar Co., Ltd. Issues Q2 Revenue Guidance
LDK Solar Co., Ltd. announced that for the second quarter 2010, it expects revenue of between $460 and $490 million. For fiscal 2010, it expects revenue to be in the range of $1.6 to $1.7 billion. According to Reuters Estimates, analysts were expecting the Company to report revenue of $377 million for the second quarter of 2010; revenue of $1.4 billion for fiscal 2010.
Source: Reuters
The chart looks bumpy for LDK Solar, but this might be a bullish short-term trend forming:
Labels: LDK, LDK Solar, solar charts, Solar Stocks
LDK Solar Results Miss Estimates
LDK Solar Co., Ltd.'s Q4 2009 Results Miss Estimates, Stock Drops; Issues Q1 2010 Revenue Guidance Above Analysts' Estimates-Reuters
Tuesday, 30 Mar 2010 11:35am EDT
Reuters reported that LDK Solar Co., Ltd.'s fourth quarter 2009 earnings missed Wall Street expectations, sending its shares tumbling. The Company also expects first quarter 2010 revenue of between $310 million and $330 million. According to Reuters Estimates, analysts are expecting the Company to report revenue of $312 million for the first quarter of 2010.
Source: Reuters
Labels: Earnings, LDK, LDK Solar, Solar Stocks
LDK Solar Acquires Best Solar's Crystalline Module Manufacturing Plant
LDK Solar Co., Ltd. (NYSE:LDK - News), a leading manufacturer of multicrystalline solar wafers, today announced that it has entered into an agreement to acquire the crystalline module manufacturing plant of Best Solar Co., Ltd. ("Best Solar"). Under the terms of the transaction LDK Solar will acquire Best Solar's crystalline module manufacturing plant at cash consideration of $21.5 million, representing the fair value of the assets acquired determined on an arms-length basis.
"This acquisition will significantly enhance LDK Solar's position in the downstream PV market," stated Jack Lai, Executive Vice President, Chief Financial Officer, and Secretary of LDK Solar. "LDK Solar has been fulfilling the majority of its solar module needs through purchases from Best Solar over the past three quarters. We look forward to realizing cost efficiencies by bringing crystalline module manufacturing in-house.
SourceLabels: LDK, LDK Solar, Solar News, Solar Stocks
Solar Energy Investments Soar
Some solar news on Cabot.net
Crude oil hit a 2009 high of $71 a barrel on Wednesday, pushing solar energy ETFs to an eight-month peak, according to Investor’s Business Daily.
Claymore/MAC Global Solar Energy (TAN) soared 6.2% to 11.47, closing well above its 200-moving average, IBD reported. Volume swelled to nearly four times normal.
TAN has surged 147% from its March low, however, it is still trading 60% below its 52-week high, according to IBD. TAN holds stocks of 26 solar companies engaged in providing solar power products, services, raw materials or electricity derived from solar energy.
LDK Solar, a Chinese firm, rocketed up 21% to 13.83 on Wednesday in five times usual volume. IBD reported a Chinese official as saying that China intends to derive 20% of it energy from alternative sources by 2020.
SourceLabels: ETF, LDK Solar, Solar News, Solar Stocks, Solar Stocks Performance, TAN
LDK Solar Co., Ltd.
LDK Solar is up today, around 20%, with the whole solar sector moving along.
This Solar stock has now almost recovered from all its losses, since the beginning of 2009.
LDK and Suntech Power Holdings(NYSE:STP) have been the top performing solar stocks in the last months, keep them in sight but be carefull, volatility goes both ways.
Some recent news on LDK Solar:
Reuters reporting that Jack Lai, CFO of Chinese solar company LDK Solar (NYSE:LDK), said he expects to have low gross margins through the current quarter and into the next as it works to ramp up in-house production of its pricey key raw material.
More news coming soon...
Labels: LDK, LDK Solar, Solar News, Solar Stocks, Solar Stocks Performance, STP, Suntech Power
