LDK Solar (LDK) Powers Up on Newsletter Recommendation

December 4, 2007 10:48 AM EST
Shares of LDK Solar Co.Ltd. (NYSE: LDK) are surging higher today related to a recommendation by ChangeWave Investing's Tobin Smith. Smith said buy LDK under $35. He called the company the "the MEMC Electronic Materials (WFR) of China"

LDK has surged 18% on the recommendation. LDK has been a controversial name due to accounting worries.

Smith also was positive on SiRF Technology Holdings (Nasdaq: SIRF), saying buy under $27.50 and Ascent Solar (Nasdaq: ASTI), saying buy under $20.

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