LDK Solar (LDK -8.4%) slides towards its all-time lows after badly missing Q1 estimates and...

|About: LDK Solar Co., Ltd. (LDK)|By:, SA News Editor

LDK Solar (LDK -8.4%) slides towards its all-time lows after badly missing Q1 estimates and issuing bleak guidance thanks to the solar industry's overcapacity and pricing issues. LDK expects Q2 revenue of $220M-$270M ($370.4M consensus), and 2012 revenue of $1.5B-$2B ($2.07B consensus). Moreover, the company has a history of being too optimistic with full-year forecasts. Other solar names trading lower: YGE -4.6%. STP -3.9%. SPWR -2.7%. (PR)