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Tech stocks - Wednesday, October 28, 2009

LDK Solar Brightens Its Outlook For Q3

With much uncertainty still surrounding the solar industry, solar wafer manufacturer LDK Solar (LDK:NYSE) offered improved guidance for Q3. LDK is firing on all cylinders as the company anticipates reporting revenue between $270 million and $290 million, a solid improvement from the $240 million to $270 million previously offered.

Wafer shipments will now be 310 megawatts (MW) to 330 MW, an improvement from the 260 MW to 300 MW the company disclosed earlier. Module shipments should be lower as the company lowered guidance to a range of 5 MW to 10 MW, a sizeable drop from the 10 MW to 20 MW previously touted.

Investors usually react favorably to increases in production but some might wonder if this is a one-time production increase or will LDK Solar be able to maintain this rate of production. Regardless, it’s still an interesting look inside the industry before First Solar (FSLR:NASDAQ) reports later this week.