Last week was another volatile one for investors. Among the 10 biggest losers were a handful of solar energy stocks that got hammered for a second week in a row, a Dutch data security firm undergoing a dustup, and a few companies that are experiencing the pressures of Wall Street scrutiny for the first time since going public.
LDK Solar recently announced a $240 million investment by the China Development Bank, which gives it more breathing room to deal with its short-term debt situation. Right now, the market is pricing LDK at around $7 a share. Trefis thinks its worth $12. Wondering why? Read on ...
Yes, we've seen this movie before: As costly oil makes solar look good, investors pile in -- only to be let down when overcapacity sets in and oil prices tumble again. But this time, solar's rebound may be on somewhat firmer ground. Investors, though, still need to be cautious.
The Chinese maker of solar wafers, modules and cells reported third-quarter earnings that easily beat analyst estimates on strong demand and improved pricing environment. The company also raised its outlook much above expectations.
LDK Solar and SunPower reported strong second-quarter results and raised their outlooks. However, concerns over a potential pricing squeeze in the industry are growing.
Evergreen Solar's shares spiked this morning after the vphotovoltaic solar maker reported that its second-quarter net loss shrank to $3.3 million, or 2 cents per share, from $20.6 million, or 11 cents per share, in the year-ago period. While some reported the company's loss was much smaller than Wall Street's estimated 11 cents-per-share loss, others found the comparison difficult due to the many items included in the reported figure.
Among Tuesday's top online stories for investors: the real value of a college education, everything you need to know about Goldman Sachs, and the problem with solar stocks.
Solar power: Abundant, green and still a dream? The wait for solar's payday has outlasted even the more enthusiastic speculators, and for years the fundamentals haven't been very positive for solar companies. Now that's starting to change.