LDK Solar Downside Guidance (LDK)

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By Douglas A. McIntyre Published
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LDK Solar (NYSE: LDK) has issued guidance of $960 million to $1 Billion in revenues, although First Call has consensus at $1.05 Billion. 

It now sees wafer shipments at 510-530 MW and polysilicon production between 100 to 350 metric tons in 2008, with 2009 levels of 1,050 to 1,150 MW and polysilicon production between 5,000 to 7,000 metric tons.  LDK also put gross margins at 26% to 31% of revenue for 2008 and 52% to 50% for 2009.

We’ll have to see how traders treat this news since it is below consensus.  This is indicated up 4% pre-market around $48.90 with almost 2 hours until the open, although we have not seen any real trades in the third market.  The 52-week trading range is $22.72 to $76.75 and its market cap is $5 Billion.

Jon C. Ogg
January 2, 2008

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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