Wednesday, October 8, 2008

LDK Solar Updates Third Quarter Outlook (LDK)

The stock is up 16% (it had dropped 41.7% in the first five trading days of October)
From MarketWatch:
LDK Solar Co., Ltd., a manufacturer of multicrystalline solar wafers, today provided an updated outlook for the third quarter of 2008. Based upon preliminary data for the third quarter, LDK Solar estimates revenue to be in the range of $530 to $540 million and wafer shipments between 230 to 240 MW. This compares to its previously issued guidance for the third quarter of 2008 of revenue in the range of $486 to $496 million and wafer shipments in the range of 210 to 220 MW....MORE