Seeking Alpha

Seeking Alpha Portfolio App for iPad

2,185 people get LDK articles and Market Currents by email alert.

Get email alerts on LDK »

LDK

LDK Solar Co., Ltd.

6/19/2013, 6:12 PM ET

Quote & Headlines Market Currents StockTalk

All
| Earnings
| Dividends
| M&A
| On the move

Wednesday, June 19, 11:09 AM ReneSola (SOL +4.9%) spikes higher after SA contributor Sneha Shah argues a low cost structure and diminishing competition in the solar wafer and polysilicon markets will allow the company to keep gaining share (it recently passed LDK to be the world's #2 wafer vendor), and that shares are due to rally after underperforming Chinese peers with stronger Japanese exposure. Shah also sees gross margin bottoming - it's expected to rise to 3%-5% in Q2 after coming in at -2% in Q1 - and predicts ReneSola will become a top-10 module supplier in 2013, with a 4%-5% share. 12% of the float was shorted as of May 31. Comment! [Tech, On the Move, Breaking News, Quick Ideas]
Monday, June 17, 11:04 AM Chinese solar manufacturers react favorably to Beijing's introduction of "reformed methods" to support them. The methods include easier financing, electricity subsidies, and a requirement that utilities buy all the electricity solar plants create. The government has also reiterated its call for industry consolidation. In addition to Canadian Solar (CSIQ +10% - previous), winners include LDK (LDK +8.8%), Yingli (YGE +11.8%), Daqo (DQ +17%), Trina (TSL +7.4%), and JinkoSolar (JKS +8%). Yingli just struck a deal to help develop 3GW worth of solar plants in Southern China by 2016. Comment! [Tech, On the Move]
Monday, June 17, 9:11 AM Premarket gainers: OSH +47%. FRO +21%. KNDI +16%. LDK +8%. MNKD +5%. AMD +5%. DVAX +5%. NFLX +5%.
Losers: FOLD -29%. TEX -14%. MDVN -7%. Comment! [On the Move]
Tuesday, June 11, 12:45 PM Midday top 10 gainers: SGOC +56%. BEAT +53%. UQM +30%. PGNX +26%. DOLE +21%. NOA +21%. QCOR +20%. VNDA +19%. ALTI +13%. CMGE +13%.
Midday top 10 Losers: GNMK -23%. LULU -17%. SMA -16%. ALVR -15%. LDK -10%. PRIS -10%. RSOL -10%. IMUC -9%. ECTE -9%. COCO -9%. 1 Comment [On the Move]
Tuesday, June 11, 10:40 AM Volatile solar stocks head south (TAN -4%) after LDK Solar (LDK -8.5%) beat Q1 revenue estimates by $7.1M, but missed EPS forecasts $0.25 thanks to a -57% gross margin (-42.7% exc. a $15.1M inventory write-down), and provided somewhat disappointing revenue guidance. JKS -5.5%. TSL -4.9%. JASO -6.2%. DQ -4.8%. SPWR -4.4%. FSLR -4.9%. YGE -5.2%. GTAT -3.6%. FSLR -4.9%. LDK ended Q1 with $174M in cash, $182M in pledged bank deposits, and a whopping $2.6B in debt. (SolarCity) Comment! [Tech, On the Move, Earnings]
Tuesday, June 11, 9:10 AM Premarket gainers: BEAT +48%. QCOR +29%. DOLE +22%. CTRX +13%. SURG +9%. GME +5%.
Losers: LULU -15%. LDK -9%. IRE -6%. STP -6%. KGC -6%. XTEX -5%. Comment! [On the Move]
Tuesday, June 11, 8:37 AM More on LDK Solar's (LDK) Q1 results: Shipped 240 MW of wafers, 31.4 MW of cells and modules. Gross margin was -57% vs. -71.4% in Q4 and -65.5% in Q1 a year ago. Only $174M in cash at end of Q1. Sees Q2 revenues of $100M-150M vs. $138.3M consensus estimate; sees wafer shipments at 250-300 MW and cell and module shipments at 30-40 MW. LDK -10.4% premarket. Comment! [Tech, Energy, Earnings, On the Move]
Tuesday, June 11, 5:52 AM LDK Solar (LDK): FQ1 net loss widens to $187.1M from $185.2M a year earlier as revenue almost halves to $104.3M. Earnings per ADS drop was -$1.21. LDK Solar has been hit by the low prices of solar panels due to a supply glut in China and by the withdrawal of subsidies in Europe. (PR) 2 Comments [Earnings]
Tuesday, June 11, 12:05 AM Notable earnings before Tuesday’s open: LDK Comment! [Earnings]
Monday, June 10, 5:30 PM Notable earnings before Tuesday’s open: LDK Comment! [Earnings]
Monday, June 10, 11:40 AM Recession-hit Spain is set to be the latest European country to slash solar subsidies: sources tell the WSJ the government will announce 10%-20% cuts as soon as June 21. Europe's share of global solar installations has already been rapidly declining, thanks to macro issues and subsidy cuts in Germany (Europe's largest market). Solar shares are rallying in spite of the news (TAN +3.2%). LDK +7.6%. SOL +8.1%. SPWR +4.7%. YGE +5.3%. SUNE +3.9% in spite of getting started at Equalweight by Morgan Stanley. SolarCity (SCTY +5.8%) is up ahead of tomorrow's lockup expiration, after getting hammered last week. 3 Comments [Tech, On the Move]
Thursday, June 6, 4:40 PM LDK Solar (LDK) -3.6% AH to $1.35 after announcing shareholders signed off on the sale of 25M shares to Fulai Investments for $1.03 apiece. The sale will only go a small way towards dealing with LDK's giant debt load. (PR) (bond default) Comment! [Tech, On the Move]
Wednesday, June 5, 11:41 AM Solar stocks see a bit of profit-taking after Goldman downgrades JA Solar (JASO -9.3%) and Trina (TSL -6%), and the EU officially announces Chinese module tariffs that will only total 11.8% for now, but could soar as high as 67.9% on Aug. 6 if a settlement isn't reached. Yingli (YGE -5.4%) states its tariff will rise to 37.3% on Aug. 6, which it claims is "the lowest rate" of all Chinese mobile vendors. Trina says its tariff will rise to 51.5%. LDK -5.2%. CSIQ -3.5%. JKS -3.2%. CSUN -4.1%. SOL -4.4%. FSLR -3.4%. CSIQ -3.5% in spite of its solar plant sales. Comment! [Tech, On the Move]
Tuesday, May 28, 10:33 AM 2013's giant solar stock rally continues (TAN +3.9%) as the EU faces a backlash over Chinese tariff proposals, and Canadian Solar (CSIQ +15.2%) soundly beats Q1 estimates with the help of a 470 bps Q/Q increase in gross margin to 9.7%. Though CSIQ's opex would only have fallen 3% Y/Y if not for the reversal of a $30M arbitration award, it still fell 17% Q/Q (exc. one-time events) thanks to 25% Q/Q drop in selling expenses. Also: CSIQ is guiding for module shipments to rise to 380MW-410MW in Q2 from Q1's 340MW, and (like JA Solar) is seeing surging Japanese shipments - they rose 76% Q/Q in Q1, and made up 25% of total shipments. TSL +8.4%. JKS +4.6%. YGE +6.9%. LDK +4.8%. DQ +7%. SCTY +2.5%. Comment! [Tech, On the Move, Earnings]
Tuesday, May 28, 9:14 AM Premarket gainers: CSIQ +25%. PIP +21%. ROYL +17%. BGMD +11%. BLDP +11%. VRX +11%. SIGA +8%. TSL +8%. MAKO +8%. YGE +8%. CPST +8%. STSI +8%. HSOL +7%. ALU +7%. LDK +7%. JASO +7%. TIF +6%. Comment! [On the Move]
Wednesday, May 22, 12:52 PM Midday top 10 gainers: CLNT +125%. MBND +24%. ZLC +24%. RCON +22%. MNKD +15%. NOA +15%. INSM +15%. SGOC +19%. CETV +14%. SKS +14%.
Midday top 10 Losers: STP -17%. LDK -14%. SWI -12%. MLP -11%. FXEN -12%. LAKE -10%. BALT -10%. DQ -10%. CSUN -9%. AMAG -9%. Comment! [On the Move]

1
2
3
4
5
6
...
19
Next Page