LDK Solar just announced that is has revised its outlook for the 2nd quarter. According to Reuters, the revised outlook is still disappointing, with revenue down from $283.3 million in the first quarter to between $215 to $225 million in the second quarter. The estimates are between $25 and $35 million lower than what analysts had expected, as well. However, the company did raise the amount of second-quarter wafer shipments that it expects to ship … Read the rest
Tag Archives: ldk solar
LDK Solar (LDK) Gets 5W Deal With Italy’s SAEM
An increasing number of solar deals are coming out of Italy. LDK Solar (LDK) is getting a bit of a pop premarket on news that it will work with Italy’s SAEM beginning this month to build five 1MW solar PV plants in the Apulia region of Italy. LDK will supply the solar wafers and SAEM will provide just about everything else including system integration.
“We are very eager to increase LDK Solar’s presence in Italy,” … Read the rest
LDK Solar (LDK) Hits Milestone In Plant Construction
LDK Solar just announced that is has finished building its first 5,000 metric ton train in its new polysilicon plant in Xinyu, China. Once completed, the plant will have an annual capacity of 15,000 metric tons.
In a press release, representatives of both LDK and Fluor commented on the achievement:
“We are very excited to reach this major milestone in the construction of our 15,000 MT polysilicon facility,” commented Nick Sarno, Senior Vice … Read the rest
LDK Solar (LDK) Reaches Milestone With 660kg Silicon Ingot
About a year ago LDK Solar (LDK) announced a deal with JYT Corp (a competitor of GT Solar) to begin purchasing silicon ingot furnaces that would be capable of producing 800kg ingots, allowing the company greater quality, efficiencies and margins. The day may be just around the corner when the company can declare it is using those furnaces to their full capacity. Today, the company has announced it has reached a milestone by producing a … Read the rest
LDK Solar (LDK) Working On 5MW Italian Solar Project With ESPE
LDK Solar (LDK) announced after the bell today that it has begun construction on the first of five solar PV plants in the Apulia region of Italy totaling 5MW. LDK Solar is teaming up with leading Italian systems integrator ESPE and will provide the solar wafers for the projects.
“We are very excited to expand LDK Solar’s presence into Italy,” stated Xiaofeng Peng, Chairman and CEO of LDK Solar. “The PV market in Italy is … Read the rest
LDK Solar (LDK) Finding Support After Earnings
LDK Solar (LDK) reported mixed results after the bell yesterday, reporting an EPS loss of .21/share vs analyst expectations of a smaller loss .06/share as well as the whisper number of a .12/share loss, so no surprise the stock is off this morning. I’ts trading down about 13% but off the lows and appears to be finding support at the 50 day moving average. Revenues actually came in ahead of estimates at $283 million which … Read the rest
LDK Solar (LDK) Announces Further Write Downs of $87.5 Million
LDK Solar (LDK) is announcing today it is modifying its previous preliminary unaudited financial results for the 4th quarter and fiscal year 2008, to reflect an additional write down of about $87.5 million to its inventories and an additional provision of $12.3 for prepayments to suppliers it may not recover. The modification comes as result of updated info about the estimated net realizable value of LDK’s inventories as well as its suppliers ability to honor … Read the rest
LDK Solar (LDK) Gets Mo’ Money From China Banks
LDK Solar (LDK) is announcing this morning it has received a loan of about $29 million from China Development Bank as well as approval for a credit line of around $145 million from Agricultural Development Bank of China which will help fund continuing business operations at a time when financing can be difficult. It appears China is ready and willing to fund their strongest solar companies.
“We are very pleased to secure this loan and … Read the rest
LDK Solar (LDK) Advises It Has Adequate Standing Wafer Orders
Despite the global economic crisis, LDK Solar has stated that it still has enough standing orders for its solar wafers to keep the company stable. According to the company, it received 14 orders for solar wafers last year and is scheduled to deliver 14,000 megawatts worth of product by 2019.
From TradingMarkets.com, here’s the latest on LDK Solar’s production capacity:
According to an insider with LDK Solar, the company’s annual solar wafer capacity had … Read the rest
LDK Solar (LDK) To Move Into Europe PV Station Field With Q-Cells
LDK Solar is planning to expand into the European PV station market through a partnership with Q-Cells SE, one of the world’s top solar cell producers, according to TradingMarkets.com. Up until now, LDK had not attempted to stake out part of the PV station sector. Here’s how TradingMarkets.com expects the move to benefit the company:
… Read the restThe win-win cooperation will help LDK Solar and Q-Cells win more orders, once the silicon market warms up, estimated