Android app on Google Play

LDK Solar (LDK) CEO Peng Sees 2-3 Parties Interested in Investing; Has Cut 19% of Workforce Since Q1

September 17, 2012 9:16 AM EDT Send to a Friend
Get Alerts LDK Hot Sheet
Trade LDK Now!
Join SI Premium – FREE
LDK Solar (NYSE: LDK) shares are trading lower Monday on a wider than expected Q2 loss of $2 per share and light guidance for the third-quarter and fiscal 2012, as reported earlier.

During the PV module-maker's conference call, CEO Peng Xiafeng said that two or three companies are interested in making an investment in the Company. Peng is also confident in continued support from lenders.

Further, on the cost-cutting front, Pengs said LDK cut about 19 percent to 16,512 since the first quarter this year.

Shares of LDK are about 2.4 percent lower in early trading.




You May Also Be Interested In


Related Categories

Conference Calls, Earnings, Rumors

Add Your Comment