Tag Archives: ldk
LDK Earnings: Beats, Raises, Stock Surges (LDK)
LDK Solar (LDK) surprised the St this morning by reporting a profiton a GAAP basis. I don’t see a non GAAP number in the report andwasn’t seeing an indication at first glance of any large one timegains, but will update this report if that’s the case. So on a GAAPbasis which includes one time gains [...]
LDK Shares Plummet As Q-Cells Wants Out Of Agreement
LDK Solar’s shares divednearly 17 percent after Q-Cells said Monday it had canceled a siliconwafer contract and now wants its deposit back. China-based LDK (NYSE: LDK) had failed to fulfill its obligation under a contract signed in December 2007,Q-Cells said. The contract called for LDK to deliver wafers from 43,000tons of silicon from 2009 to [...]
LDK Solar (LDK) Closed Near Lows Of Day Despite Raising Guidance
LDK Solar (LDK) gapped up about 10% this morning after the companyraised guidance but finished around the lows of the day, up just under2%. The stock just can’t seem to get anything going. The company now expects to report revenues of between $270 – 290million (up from previous estimates of $240 – 270 million) withshipments [...]
Solar State: Look to Supply Lines! (YGE,JASO,LDK)
Thereis almost a daily a stream of conflicting data points coming out of thesolar industry. One way to reconcile such differences is to look at thesupply line. Dozens of companies sell materials to the solarindustry for module construction, assembly and installation, includingpolysilicon, indium tin oxide (transparent conductive electrode),adhesives, sealants, encapsulants, coatings, sputtering targets andgases. A [...]
LDK Solar (LDK) Begins To Ramp Up Production At Xinyu Plant
LDK Solar just announced that they have finished the firstproduction run of the 5,000 metric ton (MT) train in their Xinyu, Chinaplant. They have also begun ramping up production at the plant, whichhas a yearly capacity of 15,000 metric tons. In a press release, Nick Sarno, Senior VP of Manufacturing and Polysilicon Plant Project Manager, [...]
LDK Solar Enters Framework Agreement With Best Solar Company
LDK Solar just announced that it has entered a framework agreementwith Best Solar Company. Under the agreement, the two companies willwork together on downstream PV projects, with LDK providing solarwafers to Best Solar, and Best Solar assembling them into solarmodules. In a press release, Xiaofeng Peng, Chairman and CEO of LDK, commented on the agreement: [...]
LDK Solar (LDK) To Work On Solar Projects With Suqian City In China
According to Reuters,LDK just announced that it will work with China’s Suqian City todevelop 300 megawatts worth of solar PV projects. The projects areexpected to be complete by 2015. According to Reuters, this project, as well as LDK’s recentlyannounced partnership with Yancheng city, are most likely the result ofChina’s newly announced solar subsidies. LDK Solar [...]
Aug 24-28: Dow, NASDAQ Inch Up; 8 Solar Stocks Gain
Usual late-summer vacations mean trading lull Boththe Dow Jones Industrial Average and the NASDAQ gained about .4% inlight trading for the week. The 20SSI was down just 1.27 to finish at384.62 a .33% decline from the previous week. Economistsare predicting 250,000 jobs lost in August, slightly up from July’s247,000. The Labor Department released its report [...]
Aug 10-14: Dow Off; NASDAQ, Solar Also Tumble
Consumer confidence dipping TheDJIA’s four-week run of gains ended this week down 49 points from lastFriday. NASDAQ was also down–about 15 points this week but drops forboth major indexes amounted to less than 1%. All but two in the 20SSIwent down for a generally sour week throughout Wall Street.Fortunately, it’s August and trading is relatively [...]
LDK Earnings: It’s All Bad
LDK Solar (LDK) is reporting terrible earnings results after thebell today, but it shouldn’t come as too much of a surprise because thecompany warned of a large write downa few weeks ago. They reported a large EPS loss of -2.03/share (whichincludes the $175 million write down) vs the analyst expectations of a.91/share loss. No signs [...]
July 20-24: Solar Surpasses Dow, NASDAQ
The 20 Solar StocksIndex (20SSI) gained 65.5 point to finish at 458 points this week, a16.69% increase from last week. The solar index outperformed both theDow Jones Industrial Average and NASDAQ which finished withconsiderable gains of their own. The Dow finished above9000 points for the first time since January 2 with a rise of nearly350 [...]