28 Nov '13, 1pm

Is the End Near for LDK Solar?

Is the End Near for LDK Solar?

I haven’t written about LDK Solar (NYSE: LDK) for a while, so it seems like the release of its latest quarterly results might be a good chance for a final look before the lights go off permanently at this struggling solar panel maker. Somewhat appropriately, LDK announced its results on the same day it also said it continues to negotiate with international investors who are still waiting for an overdue payment on their bonds. The bondholders have just agreed to extend their talks for another two weeks, but there’s always the very real danger that they could force LDK into bankruptcy when this new deadline expires on December 10. I’ll return to the possibility of bankruptcy shortly, but first let’s take a look at the latest results that show just how much LDK has shrunk over the last two years. LDK and the higher-profile Suntech (NYSE: STPFQ) have been the biggest victims o...

Full article: http://www.renewableenergyworld.com/rea/blog/post/2013/11...

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Lights Dim At LDK As Deadline Looms: Filed under: Energy News

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