According to Reuters, LDK just announced that it will work with China’s Suqian City to develop 300 megawatts worth of solar PV projects. The projects are expected to be complete by 2015.
According to Reuters, this project, as well as LDK’s recently announced partnership with Yancheng city, are most likely the result of China’s newly announced solar subsidies. … Read the rest
LDK Solar (LDK) is a solar stock that looks mighty sick technically, but it is recovering after hours on news it has entered into an agreement with Yancheng City of the Jiangsu Province to develop 500MW in solar PV projects over the next 5 years. The projects will include ground mounted, rooftop and building integrated with all needing final government approval. As I always say, China government approval won’t be a problem when it comes … Read the rest
LDK Solar (LDK) is reporting terrible earnings results after the bell today, but it shouldn’t come as too much of a surprise because the company warned of a large write down a few weeks ago. They reported a large EPS loss of -2.03/share (which includes the $175 million write down) vs the analyst expectations of a .91/share loss. No signs of recovery on the revenue side either with a 50% drop over the year ago … Read the rest
LDK Solar (LDK) is out with an update tonight on results of the 2nd quarter. The company sees Q2 revenues in the range of $225 – 235 million which is about inline with the analyst estimates and slightly above its previous estimated range. However, the company expects to post a sizable loss of $180 – 200 million in the quarter mainly due to inventory write downs of $150 – 160 million. They are estimating shipments … Read the rest
LKD Solar (LDK) is expanding its presence in the Italian market this morning by acquiring a 70% controlling interest in systems integrator expert Solar Green Technology. The deal should open up more opportunities in the Italian market.
“We are very excited to acquire a controlling interest of Solar Green Technology,” stated Xiaofeng Peng, Chairman and CEO of LDK Solar. “SGT’s management and workforce have demonstrated strong competence and boasts solid experience in the PV … Read the rest
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
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 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
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) 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