LDK Solar (LDK +6.9%) rallies all the way to $0.93 after announcing it will receive $33.4M to...


LDK Solar (LDK +6.9%) rallies all the way to $0.93 after announcing it will receive $33.4M to terminate a solar wafer supply agreement with Japan's Sumitomo. Much like rival MEMC's (WFR +1.9%) terminations, LDK's deal with Sumitomo unraveled because the huge price declines seen for solar wafers made the terms of the original deal uneconomical.

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