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LDK Solar (LDK) Closed Near Lows Of Day Despite Raising Guidance
LDK Solar (LDK) gapped up about 10% this morning after the company raised guidance but finished around the lows of the day, up just under 2%. The stock just can’t seem to get anything going.
The company now expects to report revenues of between $270 – 290 million (up from previous estimates of $240 – 270 million) with shipments in the range of 310 – 330MW (up from previous guidance of 260 – 300MW) when they report earnings in a few weeks. Wall Street estimates call for the company to report around $250 million in revenue for the quarter.
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