LDK Solar ‘Fantasy Land’ Forecast Belies Debt, U.S. Duty
BUSINESSWEEK - LDK Solar Co. (LDK) (LDK), the world’s second- largest maker of solar wafers, lost 38 percent of its market value in four trading days as analysts cut estimates today and questioned whether its balance sheet can withstand a global oversupply and threats from U.S. tariffs.
The company’s American depositary receipts closed at $1.88 in New York, down from $3.05 on May 23 and a 55 percent drop for the year.
