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

OMNISTAR GAS ANALYZER - Fast accurate analysis from % to sub-ppm in a compact, turnkey benchtop system.

OMNISTAR GAS ANALYZER - Fast accurate analysis from % to sub-ppm in a compact, turnkey benchtop system.

The Pfeiffer Vacuum OmniStar benchtop analysis system offers you a compact footprint, powerful software and Ethernet connectivity. It's the optimum solution for many real-time gas analysis applications. With the OmniStar, Pfeiffer Vacuum offers you a complete solution for gas analysis, in chemical processes, semiconductor industry, metallurgy, fermentation, catalysis, laser technology and environmental analysis. The turnkey OmniStar gas analysis system consists of heated, temperature-regulated gas inlet system, Quadrupole mass spectrometer, a dry diaphragm vacuum pump and HiPace turbopump. Unlike competing methods such as FTIR, OmniStar is suitable for qualitative and quantitative analysis of most gases.