BeaconEquity.com announces the publication of ‘LDK Solar (LDK): Burning Bright with Robust Outlook’
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LDK Solar (LDK): Burning Bright with Robust Outlook
”The bull market in alternative energy is getting more and more significant, with solar energy poised to make it long-term. The solar energy industry is experiencing 30-40% annual growth as oil prices stands at all time highs and global warming continues to be a major political issue…
“As the industry develops, LDK Solar - a company engaged in the manufacture, processing and sale of multicrystalline silicon wafers - targets enormous opportunity in the market. LDK Solar has partnered with engineering firm Fluor Corp. for the construction of a polysilicon plant, sustaining the growth of the photovoltaic solar industry. Aside from manufacturing the principal raw material used to produce solar cells, LDK also provides wafering services for both monocrystalline and multicrystalline wafers to companies who provide their own ingot stock…
“Things are just getting better with LDK; the China-based company just reported a tripled second-quarter earnings on stronger-than-expected growth in capacity. After the closing bell Monday, its quarterly profit surged to $149.5 million, or $1.29 per American Depositary Share, from $49.83 million, or 45 cents per ADS in the same period last year. Chairman and CEO Xiaofeng Peng attributed the company's substantial revenue growth on the expansion of its wafer capacity, which exceeded the company’s expectations…”
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