First quarter revenue cut for LDK Solar

The company’s full year target revenue remains. LDK Solar announced yesterday that its forecast for solar wafer sales in the quarter is also lowered expecting a sales total of between 625 to 635 megawatts from the 610 to 660 megawatts that was previously expected.

Solar modules are also seen to see a fall in sales from the previously predicted range of 120 to 140 megawatts to between 109 to 114. The company’s previous guidance were made for in-house polysilicon production to be between 2,300 MT and 2,400 MT and in-house cell production, between 45 MW and 50 MW. The modified forecast for in-house polysilicon production is now 2,450 MT to 2,470 MT and in-house cell production will hit 44 to 46 MW.

LDK Solar’s shares decreased by less than one percent in the post-market trading to $11.32.