The shares of renewable energy companies rose on Tuesday in anticipation of Congress approving an energy bill that environmentalists have hailed for tough action on automobile fuel efficiency.
China-based LDK Solar Co Ltd (LDK.N: Quote, Profile , Research), which is undergoing an independent audit over allegations it overstated the value of its polysilicon inventories, also saw its stock rise on a report it will tap $700 million in long-term debt and credit lines and about $100 million in customer prepayments.
Telephone calls to the company's office in Sunnyvale, California, requesting confirmation from Chief Financial Officer Jack Lai and from its public relations officials were not immediately returned.
Last Friday, LDK, which manufactures multicrystalline solar wafers used in solar cells, said it has secured an additional 312 tonnes of polysilicon supplies for 2008....MORE
Also From Reuters:How does LDK Solar Co., Ltd. compare to its industry peers?
| P/E (12 mo. trailing) | Lower |
| Price to Sales (12 mo. trailing) | Lower |
| Dividend Yield | Lower |
| Sales Growth (12 mo. trailing) | N/A |
| EPS (12 mo. trailing) | Higher |
| ROI (12 mo. trailing) | N/A |
