LDK Solar (LDK) Lands 15MW Solar Supply Deal With Spain’s Gestamp Solar

LDK Solar (LDK) announced after the bell today that it has signed a contract to supply solar modules to Spain based Gestamp Asetym Solar. LDK Solar will provide 15.8MW of solar modules to Gestamp during the 3rd quarter. 

LDK Solar CEO Xiaofeng Peng commented: “We are very pleased to commence a relationship with Gestamp Solar, a leader in the development of PV projects. As demonstrated by this contract, we continue to experience solid demand for our modules.  We hope to continue to expand our relationship with Gestamp Solar and partner on future projects.”

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Shares of LDK finished flat on the day and aren’t moving after hours, but it looks like this stock is closing to bottoming out with big support at the $5 level.  It may need to retest that level in the coming weeks, but it’s beginning to look intriguing down here for an entry. 

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