LDK Runs on China News (LDK)

Posted in General 
August 26th, 2009

LDK Solar Co., Ltd. (NYSE: LDK) is up big on news out of China.  LDK has entered into an agreement with Yancheng City of Jiangsu Province to development PV power projects and it will develop a number of PV power projects, including PV ground-power stations and roof and building integration systems totaling up to 500 MW over the next five years. The terms will require a feasibility study as well as final approval from relevant state departments prior to commencing. But shares are up almost 6% at $9.37 on 83,000 shares as of 8:59 AM EST.  -JON OGG

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