LDK Solar (LDK) Closed Near Lows Of Day Despite Raising Guidance

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05:53:04 pm on October 27, 2009

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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