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News Breaks | | | | January 2, 2013 | | 04:58 EDT |  | LDK | LDK Solar sells LDK Anhui to Shanghai Qianjiang Group for RMB 25M
LDK Solar announced that it has signed a purchase agreement with Shanghai Qianjiang Group in which Qianjiang Group has agreed to purchase all shares of LDK Anhui, located in Hefei City, for approximately RMB 25M. According to the terms of the agreement, Qianjiang Group will release the guarantee LDK Solar provided to LDK Anhui and its subsidiaries within 12 months, as well as compensate LDK Solar for any loss associated with such guarantee, prior to its release. LDK Solar anticipates that the divestiture of LDK Anhui will increase LDK Solar's pro forma consolidated net assets by $58M as well as decrease LDK Solar's pro forma consolidated asset-to-liability ratio by approximately 1.8%. | |
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News For LDK From The Last 14 Days Check below for free stories on LDK the last two weeks. |
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| May 16, 2013 | | 05:38 EDT | | LDK | LDK Solar signs new wafer supply contract
LDK Solar Co announced that it has signed a wafer supply contract with Realforce Power Co., Ltd, a photovoltaic company located in Shandong Province, China. Under the terms of the agreement, LDK Solar will provide 120M 6-inch wafers, totaling approximately 500 megawatts, with shipments commencing in May 2013 through December 2014. | | | May 15, 2013 | | 05:52 EDT | | LDK | LDK adjusts FY12 results, provisions required for warranty, contract termination
 Subscribe for More Information | | | May 7, 2013 | | 10:28 EDT | | LDK | Solar companies drop after First Solar report, outlook
Solar stocks are retreating after a leading company in the sector, First Solar (FSLR), reported lower than expected first quarter earnings per share and said that it would generate more earnings in the second half of 2013 than in the first half of the year. WHAT'S NEW: First Solar reported lower than expected EPS and said it expected its earnings to be higher in the second half of the year than in the first half due to the timing of revenue recognition from a number of projects. Previously the company had expected to generate higher earnings in the first half of the year. However, First Solar reaffirmed its previous fiscal 2013 EPS guidance range of $4.00-$4.50 and disclosed that it was working on "sizable" opportunities in Africa, ANALYST REACTION: In a note to investors this morning, Deutsche Bank analyst Vishal Shah wrote that First Solar's results and guidance were weak. Shah is concerned about First Solar's reliance on a strong second half performance to meet its 2013 guidance and he maintained a Hold rating on the stock. TODAY'S PRICE ACTION: In early trading, SunPower (SPWR) fell 5.7% to $15, Trina Solar (TSL) dropped 3.8% to $4.80, Canadian Solar (CSIQ) slumped 4.2% to $5.55 and First Solar tumbled 10% to $42.90. | | | 07:24 EDT |  | LDK | EU to tax imported solar panel equipment form China, WSJ reports
The EU is set to place import duties on solar panel equipment made in China, with a trade battle expected to follow, reports the Wall Street Journal. Reference Link | |
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