Monday, August 11, 2008

LDK Solar shares soar after quarterly results

This may signal a turning point and an end to "The trend" for the solar stocks. This is easily the biggest after-hours move for any of the reporting solar's. FSLR popped $30.00 before fading but that was only 10%
From: MarketWatch:

LDK Solar Co. shares surged during Monday's late-trading session after the China-based solar wafer maker reported quarterly results that easily exceeded analyst expectations...

...LDK Solar surged 19% to $40 in after-hours trading. The company reported second-quarter net income of $149.5 million, or $1.29 per American depository share, while revenue jumped to $441.7 million from $99.1 million a year ago. Analysts polled by FactSet Research had forecast earnings of 40 cents an ADS on revenue of $287 million....