Solar Stocks

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LDK Solar Lowers Revenue Forecast, Raises Guidance for Margins

LDK Solar Co., a Chinese solar company, lowered its forecast for first-quarter revenue and raised its guidance for gross margins.

LDK said today in a statment that it expects revenue of $745 million to $755 million, down from its previous guidance of $800 million to $850 million. Gross margins will range from 30 percent to 31 percent, compared to 27 percent to 29 percent. It did not give a reason.

http://www.bloomberg.com/news/2011-04-26/ldk-solar-lowers-revenue-forecast-raises-guidance-for-gross-margins.html?cmpid=yhoo