LDK Solar (LDK) announces
estimates for 2009 revenue and wafer shipments. Revenue is set at $2.8-$3.0 Billion (vs analysts $2.4 Billion) with wafer shipments @ 1.45-1.55 GW. The growth rates projected continue to be quite stunning.
- LDK Solar Co., Ltd ("LDK Solar"; NYSE: LDK), a leading manufacturer of solar wafers, announced today that the company held a ceremony celebrating its wafer plant reaching the milestone of 1.0 GW annualized capacity.
- "We are proud to reach this significant milestone and remain confident in our ability to expand to 1.2 GW wafer capacity by the end of 2008. This achievement demonstrates our continued commitment to becoming the largest and lowest cost wafer producer in the solar industry," concluded Mr. Peng.
- LDK Solar's 1.0 GW production capacity is in line with the company's publicly announced plans to reach a target annualized wafer production capacity of up to 1.2 GW by the end of 2008, 2.2 GW by the end of 2009 and 3.2 GW by the end of 2010.
Long LDK Solar in fund and personal acccount
3 comments:
This is certainly welcome news from a strong player in the solar market. This morning the stock should break to a new 6 month high and still appears to have a reasonable multiple given the growth the company is ACTUALLY experiencing.
Here is an article I wrote about LDK that you might find informative.
Thanks for keeping us up to date,
Zach
actually, if the recent past is any indication, this means s/t short, you haven't been taking your koolaid have you?
:)
Here is some technical analysis on LDK's recent price/volume action:
http://www.gamingthemarket.com/2008/08/ldk-hanging-tough.html
Post a Comment