Tuesday, January 6, 2009

Solar:LDK Solar Whiffs Q4; Slashes 2009 Guidance; Stk Falls (LDK)

From Tech Trader Daily:

LDK Solar (LDK) this afternoon said it now expects to report Q4 revenue of $425 million to $35 million, with gross margins of 10%-13%, and wafer shipments of 245 to 255 megawatts. LDK’s previous forecast was for $555 million to $565 million in revenue, gross margin of 18%-21% and wafer shipments of 260 to 270 megawatts.

LDK said it experienced lower demand in the quarter “as customers requested to delay shipments until 2009 in light of the current global economic crisis and tight credit markets.”>>>MORE