On the morning of January 11th, Beijing time, LDK announced on Monday that it expects to increase its revenue for the fourth quarter of fiscal 2010. It expects revenue of $870 million-$9.1 billion, which was previously expected to be $710 million-$750 million; Gross margin reached 25%-27%, previously expected to be 24%-26%.
At the close, LDK LDK soared 18.22% to close at 12.33. Both the volume and the increase were among the highest in China.
Jinko Energy (JKS, 25.57, +8.72%), Yan Huiguang (SOL, 10.53, +8.44%), Linyang New Energy (SOLF, 9.08, +7.04%), JA Solar (JASO, 7.57, +6) .32%), Suntech (STP, 8.75, +5.68%) also increased by more than 5%.
At the close, LDK LDK soared 18.22% to close at 12.33. Both the volume and the increase were among the highest in China.
Jinko Energy (JKS, 25.57, +8.72%), Yan Huiguang (SOL, 10.53, +8.44%), Linyang New Energy (SOLF, 9.08, +7.04%), JA Solar (JASO, 7.57, +6) .32%), Suntech (STP, 8.75, +5.68%) also increased by more than 5%.