I’m back from vacationing in Troncones, Mexico and looking forward to bringing you the latest in alternative and renewable energy stocks in the coming year! Thanks for all the comments from visitors in the 6 months since this site was launched. . my goal is to continue to push forward and make GreenStocksCentral.com the #1 source for breaking news and tracking of green stocks with an increasing number of analysis coming in 2009.
With that … Read the rest
LDK Solar announced yesterday that it has delayed two polysilicon projects with a total production capacity of 6,000 tons. Originally, LDK had planned to increase its 2008 production capacity by 6,000 tons. According to TradingMarkets.com, 5,000 tons of that amount was supposed to come from a 15,000-t/y polysilicon project and 1,000 tons was supposed to come from from a 1,000-t/y polysilicon project. However, the 15,000 t/y polysilicon project will not be online until the middle … Read the rest
Forbes.com notes that the stock prices of major solar power companies like LDK and JA Solar Holdings fell yesterday, as the companies continue to face difficulties from reduced demand and lack of credit.
Here’s a roundup of the stocks they profiled in the article referenced above:
Several months ago when LDK was trading about 200% higher from current levels, the rumors began to swirl that Siemens would make a buyout bid of LDK Solar at around $55/share. Well, it appears the rumors are making the rounds again that LDK Solar will be taken out. StreetInsider.com is out with the following note:
“Shares of LDK are moving higher today on unconfirmed rumors the company could be the target of a takeover bid. … Read the rest
In some good news, LDK Solar reported its 3rd quarter results today. The company’s third quarter earnings jumped due to higher demand and increased sales. For example, revenue jumped a whopping 241% to $541.8 million, beating the company’s own predictions. Net income increased from $41.6 million, or 37 cents per American Depositary share, one year ago to $88.4 million or 77 cents per ADS, beating Wall Street analysts’ expectations of 71 cents per share. … Read the rest
LDK Solar (LDK) just announced a new 3 year contract with BP Solar Intl. Under terms of the deal LDK will deliver about 435MW of multicrystalline silicon solar wafers from 2009 to 2011.
“We are very pleased to extend our relationship with BP Solar,” stated Mr.Xiaofeng Peng, Chairman and CEO of LDK Solar. “This additional wafer supply contract expands our North American presence and further enhances LDK’s position as a market leader.”… Read the rest
LDK Solar (LDK) is commenting on its financial position this morning, saying they are in good shape for next year. Usually when a company comes out with a statement to defend its financial position in the face of growing concern you have to be skeptical, so we’ll revisit this statement in 6 months and see just how strong they are in 09.
The company noted that it has secured contracts totaling 1.8GW for 2009 which … Read the rest
Solar stocks were up nicely today and the option volume spiked in many of the names.
The following showed up on my nightly scan for highest % change in option volume above its 10 day average:
SOLF 576%
LDK 346%
TSL 223%
STP 197%
YGE 196%
Most of the volume came from call buying so it will be interesting to see if these bullish bets pay off.… Read the rest
LDK Solar announced that it has no need to seek additional money from capital markets to fund the company’s expansion, as it already has enough cash on hand to more than double its production capacity. In 2009, the company plans to expand that capacity to 2.2 GW of power. In 2010, it will expand again, to 3.2 GW. LDK founder and chairman Peng Xiaofeng told a reporter from Reuters News Service that the proceeds from … Read the rest
LDK Solar announced that its new polysilicon plant in Xinyu City, China will operate using Diamond Wire SR200 Filament Saws. These filament saws have a clear advantage over regular blades in that they are capable of cutting up to 100% more filaments, with lower kerf. This results in more efficient use of materials and enables more polysilicon rods to be manufactured from the same amount of raw materials.
Nick Sarno, Senior Vice President of Manufacturing, … Read the rest