The company’s fresh filing states:  Offering 16,520,000 ADSs instead of 18,900,000 ADSs in this offering; net proceeds from this offering are expected to be approximately $108.1 million and LDK’s total capitalization and the dilution effect will change accordingly. Net proceeds are for the following:

• approximately $90.0 million of the net proceeds to pay down short-term debt at interest rates between 5.00% and 6.00% per year;
• to fund polysilicon production plant and the expansion of solar module business and for general corporate purposes.

JON C. OGG

JOE KUNKLE, OptionsHawk.com

With help from private systems integrator SAEM Srl, LDK solar will build five one-megawatt plants. Construction will start in July and is expected to be completed by November of this year. LDK Solar will supply the solar wafers for the project, while its partner will provide engineering, procurement, construction services and system integration.  — Mike Tarsala

The positive sentiment is also spilling over to many other names in the group, as they all can potentially benefit from the same trends UBS says could cause residential solar adoption to double next year.

The job market is still rough, and fewer consumers can afford big solar installations. But system prices have come down in the past 12 months, prompting more consumers to take advantage of a 30% federal solar tax credit, as well as state incentives.

The combination means that consumers can in theory makek their money back on a solar investment in about 5 years… nearly half the payback time of a solar investment made just a few years ago.

Sunpower and Evergreen Solar (Nasdaq – ESLR) sharse were up nearly 5% at 9:15 Eastern. Meanwhile, JA Solar (Nasdaq — JASO), LDK Solar (NYSE – LDK) and Suntech Power Holdings (NYSE – STP) all were rising 1.5% or more in premarket trading.

– Mike Tarsala

First Solar, Inc. (NASDAQ: FSLR)  $155.38 (+$21.40)
Day’s Range: $135.65 to $158.49; 52wk Range: $85.28 to $317.00
Volume:    5,305,547; Avg Vol: 4.1 million

LDK Solar Co. (NYSE: LDK) $8.35  +$2.46; +41.77%)
Day’s Range: $6.20 to $8.47; 52wk-Range: $3.75 to $52.40
Volume:    8,962,559
Avg Vol: 2.2 million

SunPower Corporation (NASDAQ: SPWRA) $27.81 (+$3.77; +15.68%)
Day’s Range: $24.91 to $29.73; 52wk-Range: $18.50 to $107.00
Volume:    3,455,101; Avg Vol: 2.1 million

Claymore/MAC Global Solar Energy (NYSE: TAN) $7.36 (+$1.18; +19.09%)
Day’s Range: $6.25 to $7.56; 52wk-Range: $4.65 to $30.79
Volume:    1,097,490; Avg Vol: 333,459

GT Solar International, Inc. (NASDAQ: SOLR) $5.72 (+$0.84; +17.37%)
Day Range: $5.00 to $5.86; 52wk-Range: $0.88  to $14.45
Volume:    1,445,524; Avg Vol.: 751,000

Suntech Power Holdings Co. Ltd. (NYSE: STP) $11.69 (+$3.84, 48.92%)
Day Range: $8.25 to $11.99; 52wk-Range: $5.09 to $51.75
Volume:    15,707,293; Avg Vol: 2.9 million

• Shares of First Solar Inc. (NASDAQ: FSLR) are actually UP marginally at $158.00 on about 25,000 shares.
• Canadian Solar Inc. (NASDAQ: CSIQ) is now up 0.4% at $7.07 on about 4,200 shares.
• JA Solar Holdings Co. (NASDAQ: JASO) shares are down almost 3% at $4.95 on 51,000 shares.
• Evergreen Solar Inc. (NASDAQ: ESLR) is down 0.5% at $3.58 on 31,000 shares.
• Solarfun Power Holdings (NASDAQ: SOLF) is down almost 1% at $6.05 on 14,000 shares.

Jon C. Ogg
January 6, 2009

It sees Q4 revenues between $388 and $418 million and net income of at $0.58 to $0.65 on an adjusted basis, while estimates are $418 million in revenues and $0.75 EPS.  That isn’t going to cut it, not for a group of stocks which still has to outperform estimates even after selling off so much.

Shares are down a sharp 22% at $39.19 on 1.5 million shares as of 9;57 AM EST.  Its average daily volume is almost 3 million shares.

First Solar (NASDAQ: FSLR) is down 7.6% at $164.00, Canadian Solar (NASDAQ: CSIQ) is down 10% at $11.16, Suntech Power (NYSE: STP) is down 10% at $18.05, and LDK Solar (NYSE: LDK) is down almost 8% at $21.75.

JON OGG
November 5, 2008