Thursday, March 13, 2008

LDK Solar: Fully Booked Up, Stock Still In Gutter (LDK)

From 24/7 Wall Street:

LDK Solar Co., Ltd. (NYSE: LDK) came out with projections showing thats backlog for its solar wafer capacity is fully booked for 2008 and more than 90% booked for 2009.

The company confirmed that it increased its inventory levels to $380 million at the end of 2007. It also noted that inventory in transit was the most significant portion of the increase, growing from 263 metric tons to 752 metric tons during the quarter as LDK purchased silicon material from manufacturers around the globe....MORE