First Solar and LDK: Two Solar Power Stocks Headed in Opposite Directions

The past few years have been brutal for solar power stocks. First, the 2008-2009 financial crisis scared away customers and depressed sales. Some solar firms benefited from government stimulus packages during the recession, but their prospects have since dimmed as debt-saddled governments rein in spending—including on subsidies for new solar projects.

Looming in the background is a glut of solar panels that has lasted for more than two years. That has depressed prices and put severe pressure on the profits of many solar power stocks.

This Solar Power Stock’s Downward Spiral Is Continuing

Case in point: LDK Solar (NYSE: LDK), which just reported a net loss of $254.3 million, or $2.00 a share, in the second quarter. That was much wider than the $87.7 million, or $0.62 a share, that the company lost a year earlier. It was also far worse than the $1.42 a share that the Street was expecting. Revenue dropped 53%, to $235.4 million, also missing the consensus estimate of $237.5 million.

Read Full Article:

Comments (0)

This post does not have any comments. Be the first to leave a comment below.


Post A Comment

You must be logged in before you can post a comment. Login now.

Featured Product

sonnenBatterie eco

sonnenBatterie eco

The sonnenBatterie eco is a fully-integrated, all-in-one residential energy storage solution that utilizes intelligent energy management software and lithium-ion batteries to turn houses into smart energy homes. The system is available in a variety of storage capacities and configurations, allowing for extensibility and expansion and integrates with new and existing PV systems. The sonnenBatterie eco allows customers to save money every single day by storing excess energy generated by solar PV systems and using the stored energy from the battery to power homes when the utility rates are more expensive or when the grid is out of service in addition to enabling customers to go off-grid.