Tag Archives: ldk
LDK Solar Defaults on Convertible Notes
On the heels of Suntech’s bankruptcy last month, LDK Solar Company Ltd. (Xinyu City, China) failed to make full payments of $23.8 million-worth of 4.75% convertible notes due this year. LDK was able to reach a private agreement on some cash payments and payment postponement with two other holders of $16.6M in notes. The company [...]
It’s Official: Suntech Power Now A State-Owned Entity
Any pretense of Suntech (NYSE: STP) being an independent entity is over. China’s Suntech, faced with a debt crisis and with the fate of thousands of employees’ jobs hanging in the balance, “is poised to be taken over partly or entirely by the municipal government’s holding company in its hometown, Wuxi, China,” according to reports [...]
The Future of the Solar Industry
Myths about the use of solar energy abound. There’s the idea that solar panels are inefficient, unreliable or hard to maintain. Another myth states that solar panels are too expensive for widespread usage. (All untrue!) Perhaps one of the most persistent fallacies about solar is that PV panels can’t provide the energy you need when [...]
Struggling Chinese Solar Companies: Your Goverment Is Here to Help
The Chinese government is stepping up efforts to prop up struggling domestic solar companies by helping them expand locally – with loans, subsidies and policies that stimulate in-country generating capacity. China’s $20 billion export-oriented solar industry is now looking internally for growth because of excess inventory from lower foreign demand (due to cuts in subsidies in Germany [...]
The Citigroup of China? LDK Solar Now Owned by Chinese Government
LDK (NYSE: LDK), based in China, is one of the world’s largest producers of solar wafers, as well as a manufacturer of high-purity polysilicon. But, the solar industry is painfully oversupplied, and most if not all solar firms are losing money. LDK had an operating loss of $172 million in the second quarter and three [...]
Picking A Winning Solar Investment
Which solar company is the best investment right now: SunPower, Trina Solar, LDK Solar, Canadian Solar, Suntech Power, First Solar, or another big solar company? Advisors will tell you that some companies have the highest “production efficiency” or the highest “panel efficiency,” while other companies are laden with debt or caught up in international tariff [...]
LDK Gets $80M Debt Bailout
China’s LDK Solar, struggling with four straight quarters of losses, has gotten its home city of Xinyu to pay off about $80 million in debt. Looks like the Chinese model of solar capitalism has entered a new and, at least for its global competitors, a more troubling phase. According to an official website, Xinyu authorities [...]
Dear Analysts At Piper Jaffray Who Cover LDK Solar
Dear Analysts at Piper Jaffray, Normally, I mock sell-side analysts by pointing out all the times they get it wrong. Which is a relatively easy thing to do given their propensity to be a rather excellent contrarian indicator. In fact, before Mr. Diamond stepped down at Barclay’s the other day over that little LIBOR mess [...]
China Gobbles Up Weak U.S Solar Companies
The Chinese Scenario Big Chinese state owned companies are gobbling up financially strained Western solar firms as a massive overcapacity in global solar panel supply (caused by their brethren) drives them to bankruptcy. Note thin film startups like Ascent Solar, Heliovolt have already seen Asian companies taking a controlling equity stake. Now Chinese state owned [...]