The Chinese solar companies continue to report impressive growth and LDK Solar (LDK) is no exception as the company smashed analyst estimates this morning and raised guidance way above expectations.  The company reported a non GAAP EPS number of .72/share vs the analyst estimate of just .43/share on revenues of $675 million vs the estimate of $628 million.  Those numbers represent quarter over quarter growth of 167% and 140% respectively.

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CEO Xiaofeng Peng commented on the quarter: “Our results for the third quarter were strong by all measures.  We delivered a second consecutive quarter of record revenue as strong industry demand coupled with an improved pricing environment drove better than expected results. We are benefiting from our diversification strategy as we see increasing contributions from our polysilicon, module and cell businesses. As we gain further traction in these areas, we expect to experience enhanced top line and earnings growth. During the third quarter, our expansion plans remained on track as we reached manufacturing capacity of 11,000 MT in polysilicon, 2.6 GW in wafers, 760 MW in modules and 120 MW in cells. We signed multiple supply contracts which further broaden our customer base. Importantly, our recent financing agreement with the China Development Bank enhances our ability to pursue our long-term growth strategy. With our strong financial position and healthy order trend, we see continued opportunity for growth.”

Looking ahead, the company expects Q4 revenues in the range of $710 – $750 million which is way ahead of the analyst estimate of just $594.  Shares of LDK gapped up about 10% to a new 52 week high this morning on the news.