LDK Solar just announced that is has revised its outlook for the 2nd quarter. According to Reuters,the revised outlook is still disappointing, with revenue down from$283.3 million in the first quarter to between $215 to $225 million inthe second quarter. The estimates are between $25 and $35 millionlower than what analysts had expected, as well. However, the companydid raise the amount of second-quarter wafer shipments that it expectsto ship to 220-230 MW, a 10 MW increase from earlier estimates.
The Reuters article quoted CLSA analyst Charles Yonts as having a somewhat gloomy outlook on LDK in the near term, saying
“We estimate that higher-than-spot price production costs andparticularly intense price wars for solar wafers will lead LDK tolosses next year.”
However, the company just obtained an additional $146 million worthof loans from two Chinese banks, and LDK CEO Xiaofeng Peng was quotedas having a sunnier view of the company’s future:
“We are encouraged by the recent improvement in market demand and expect to resume the expansion of our wafer plant.”
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