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Review of Recent Analyst Calls in Solar Sector $TSL, $STP, $LDK, $YGE

Review of Recent Analyst Calls in Solar Sector $TSL, $STP, $LDK, $YGE

There have been a few analyst calls in the past couple days I want to review here, mostly in the solar space. Upgrades/Bullish Yesterday, Trina Solar (TSL) was added to Morgan Stanley’s LongResearch Tactical Idea list and initiated with a Buy over at Soleil,saying the firm has one of the strongest balance sheets in theindustry. 

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Why LDK is The Solar Stock to Watch $LDK

Boosting investor confidence, Chinese solar company LDK Solar Co. Ltd. (NYSE: LDK) recently said it signed a financing agreement with China DevelopmentBank Corp., a state-owned bank.  According to LDK Solar, the deal willprovide the company 60 billion renminbi, or about $8.9 billion, incredit over the next five years, which will support the company’slong-term growth initiatives

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LDK Future Secure, Stock Soars $LDK

I bet manyAmerican solar companies wish they could get the kind of governmentsponsorship that Chinese solar companies can get from their government. Last week, I used Cetrotherm Photovoltaic’s deals with China as the latest examplesof China’s seriousness about developing capabilities in solar technology. Today’s big news from China benefits LDK Solar, one of the numerous

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LDK Solar Signs Financing Agreement With China Development Bank $LDK

LDK Solar Co. Ltd. has entered into a strategic financing agreement with China Development Bank Corp. (CDB), a joint stock banking corporationwholly owned by the state of China. Under the terms of theagreement, CDB will provide up to RMB 60 billion of credit facilities to LDK Solar over a five-year period. The financing will support

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LDK Solar Reaches Agreement With Q-Cells $LDK

LDK Solar has reached an agreement with Q-Cells SE regarding an existing solar wafer supply contract that the two companies enteredinto in December 2007. LDK Solar has agreed to an early repayment of the prepayment of $244.5 million that Q-Cells made pursuant to thesupply agreement. Under the new agreement, LDK Solar will repay theprepayment in

“LDK Solar Cash Position Precarious” $LDK

Auriga’s Mark Bachman was out with a note this morning saying LDKSolar’s (LDK) cash position looks precarious due to Q-Cells repaymentsand debt obligations and that they may need a fresh infusion of thegreen stuff soon, likely with an equity offering.  They also see apossible sale of another chunk of its poly plant and/or debtrestructuring. They

LDK Solar Signs MOU With NREL

LDK Solar Co. Ltd., a manufacturer of multicrystalline solar wafers and PV products, hassigned a memorandum of understanding (MOU) with the U.S. Department ofEnergy’s (DOE) National Renewable Energy Laboratory (NREL). TheMOU calls for collaborative research and development activities relatedto silicon materials and photovoltaic devices. The objectives for thecollaborative activities are the investigation of siliconfeedstock-related issues,

LDK Solar Sues Canadian Solar $LDK $CSIQ

LDK Solar (LDK) announced this morning that it has filed an objection for arbitration before the China IntlEcon & Trade Arbitration Commission as well as a lawsuit to demandcompensation from Canadian Solar (CSIQ) due to a breach of a 10 yearsupply agreement signed in 2008.  Despite the news, shares of CSIQ areup nearly 3% today

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Why LDK is this Week’s Hottest Solar Stock $LDK

LDK Solar, a leading manufacturer of photovoltaic (PV) products, is the world’slargest producer of multicrystalline wafers for project developmentactivities in selected segments of the PV market. The company todayannounced that it has finished the commissioning process and begancommercial production of its second 5,000 MT polysilicon train, locatedat its 15,000 MT Plant in Xinyu City. The

LDK Solar Commissions Second Polysilicon Train At Mahong Plant $LDK

LDK Solar Co. Ltd. says its second 5,000 metric ton (MT) polysilicon train has completedthe commissioning process and commenced commercial production. This second train, located at the 15,000 MT Mahong Polysilicon Plant inXinyu City, China, is expected to reach its designed annualized capacity within three to six months. This achievement should assist LDK Solar’spolysilicon facilities

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LDK Discovers Another $12.6M In Losses $LDK

LDK Solar (LDK) announced after the bell today that during their preparation of the 2009 annualreport, they determined an additional provision for doubtful recoveriesof approximately $12.6 million for its accounts receivable andprepayment to suppliers.  The revised financials were based on updatedinformation about its customers repayment ability and its suppliersability to honor existing contractual terms for

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