Friday, August 12, 2011

LDK Solar Co., Ltd (ADR) (NYSE:LDK) Jumps On News

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tdp2664 Epic Stock Picks LDK Solar Co., Ltd (ADR) (NYSE:LDK) closed On Friday at $7.02 that is at an increase of 6.20% and traded during the day in a range of $6.90 to $7.24. Its overall volume during the day was 12.30 millions against the average volume of 7.02millions. Its Market cap stayd at 1.02 billion with a Price Earnings ratio of 3.28. The Company announced on Thursday its new significant event after the signing of its module supply contract with a leading Italy-based solar systems integrator. The Company will provide 45 megawatts (MW) of solar modules with monthly shipping, as per the agreement terms likely to commence in June 2011. Following the above declaration on May 26, 2011, the Company's shares moved up 6.96% with the closing price of $6.61. Its fifty two week range was $4.97-$15.10. The total market capitalization was at $958.20 billion. Ownership of company is at 22.27% institutional. LDK Solar Co., Ltd. is a producer of solar wafers in terms of capacity, and a solar module manufacturer. It sells multicrystalline and monocrystalline wafers to manufacturers of solar cells and modules. Solar wafers are the principal raw material used to produce solar cells, which are devices capable of converting sunlight into electricity. It also sells solar materials, which include ingots, and other chemicals used to produce polysilicon and solar wafers. In addition, it provides wafer processing services.



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