Monday, May 11, 2009

Earnings Incoming - May 21st - LDK Solar, Suntech power.

Two of the heaviest hitters in the Solar Industry out of China will announce Earnings on May 21st. Expectations are low on grounds of continued Polysilicon Writedowns, but Surprises are possible. Will enthusiasm for Green Energy take them up for Options Expiration this week? We know that business was still very slow in the first half of Q1, but improvements were seen as the Quarter went on. The Chinese Market is a wildcard, as we know that China has been taking Solar Development very seriously, and a large portion of their early Stimulus Package was dedicated to Green Energy, and Solar in Particular. Whether this will have any affect on Q1 results remains to be seen.



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