LDK Solar Lifts Revenue Outlook
LDK expects to report revenue in the range of $610 to $640 million in the third quarter of 2010, up from a previous guidance of $570 to $600 million. Analysts, on an average, were expecting third quarter revenue of $580.6 million, according to Thomson Reuters.
Many expected demand for solar products to wane in 2011 as several EU countries, as well as the U.S., have allowed or will allow solar incentive programs to expire. However, other countries, with China among them, have increased solar incentives, brightening the 2011 demand picture somewhat. And recently, several companies have reported large deals, including last week's JA Solar (JASO) deal with BP (BP) Solar. In addition, First Solar (FSLR) has expanded 2011 deals in European markets.