Seeking Alpha

More on LDK Solar's Q2 results, shares -1.7% premarket

  • LDK Solar's (LDK) quarterly loss was $165.3M, its ninth in a row but better than last quarter's $187.1M loss and a $254.3M loss in the year-ago quarter.
  • Shipped 303.9 MW of wafers, 35.3 MW of cells and modules in Q2; expects Q3 shipments of 350 MW of wafers and as much as 80 MW of cells and modules.
  • Revenues of $114.7M were -51% Y/Y; expects Q3 revenues of $140M-$180M vs. $151.8M single estimate.
  • Ended the quarter with $85.1M in cash, lowest since 2009.
  • Says it is starting to see early signs of improvement within the photovoltaic market as prices stabilize.
  • LDK -1.7% premarket.
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