It should be another tough day for solar stocks tomorrow.  I just posted about the awful results from JA Solar (JASO) and LDK Solar (LDK) is indicating a rough quarter as well and revising guidance much lower ahead of its earnings report on August 29th.

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The company now sees quarterly revenues in the range of $480 – $500 million vs the previous estimate for revenues of $710 -$760 million.  Wafer shipment guidance has been cut from 500 – 550MW to 410 – 430MW and module shipments from 200 – 220MW to 75 – 80MW.  Gross margins have been slashed from 22 – 26% to 1.5 – 2.5% due to an expected $55 – $60 million inventory write-down.

Full year guidance is cut as well.  Revenue guidance drops a full billion from $3.5 – $3.7 billion to $2.5 – $2.7 billion, wafer shipments drop from 2.7 – 2.9GW to 1.8 – 2GW and module shipments drop from 800 – 900MW to 750 – 800MW.

Shares of LDK are plummeting more than 20% in after hours trading and likely headed for a retest of significant support around that $5 level.