LDK Solar (LDK) Lands $300 Million Contract With BYD Company

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08:33:58 am on October 25, 2010

LDK Solar (LDK) has announced it landed a big $300 million, 2 year contract with BYD Company of China for a supply of polysilicon every month to begin in January.  A deposit for the shipments has already been received.

"We are very excited to add BYD, a leading high-tech enterprise that has a strong commitment to the green energy sector, as a key customer," stated Xiaofeng Peng, Chairman and CEO of LDK Solar. "This agreement is a testament to the success of LDK’s polysilicon facilities and our ability to provide customers with quality PV products that can help them achieve their business goals."

Shares of LDK are trading up about 5% on the news this morning and remain in a strong trend up off the June lows.

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