LDK Raises Q3 Guidance, Stock Surges $LDK

ldk6 LDK Raises Q3 Guidance, Stock Surges $LDK

LDK Solar (LDK) is surging higher in pre-market trading and lifting other solar stocks after it raised Q3 guidance.  The company now expects revenues to come in at $610 – $640 million vsthe previous estimate of $570 – $600 million.  They are also raisingshipments guidance on modules and wafers.  The company expects to ship550 – 570MW in solar wafers and 80 – 90MW in solar modules whichcompares with the previous estimates of 520 – 550MW and 75 – 85MWrespectively.

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Shares are up about 8% ahead of the bell.  Technically, shares havecarved out a bullish pennant in recent weeks and it appears the stockwill break out of that formation this morning.

LDK Solar (LDK) Raises Q3 Guidance, Shares Surge Again