LDK Solar Co., Ltd (ADR) (NYSE:LDK) Upbeat After Deutsche Upgrade


Dallas, Texas 01/24/2014 (FINANCIALSTRENDS) – LDK Solar Co., Ltd (ADR) (NYSE:LDK) has been running on the positive side with the company picking a bullish note by Deutsche in the first week of January. The company believes that the Chinese solar installations will record a higher through 2014, considering the high mark of 12GW that the government has now fixed. Though there is speculation that 4GW in 2014 may be a tall cry on the current installations, the analyst remained positive on the growth of this company.

 LDK Solar Co., Ltd (ADR) (NYSE:LDK) is a solar company which holds a market cap of $181.06 million. The company now trades at 0.93 to 2.17 2 week average low and high respectively. LDK Solar has a infra-trading day range of 1.1 and$1.14. LDK Solar began the day at the stock market on 24 Jan, 2014 at 1.12 and closed the day at $1.14. The rise was positive at 0.02, while gains stood at 1.79%. The average volume trade the company sees is a day is around 1.32 million. However at the end of the session, the volume trade for this company stood at 785,721.

LDK Solar Co., Ltd (ADR) (NYSE:LDK) the Chinese solar domain photovoltaic product manufacturer is also an integrated solar component producer. The company has recorded that many of its components are now used extensively in Solar wafers, polysilicon, solar modules, solar cells as well as solar farm projects. The company currently operates on two business levels. The first is as a Polysilicon operator and the second is the PV product maker. The company has since adopted the Polysilicon segment for the sales and production levels as well. PV products are used in the manufacture as well as sale of monocyrstalline besides multicyrstalline solar wafers. The PV modules, the processing services, the manufacturing and sales of PV cells as well as the development of power plants are some of the other verticals in which the company currently operates.