Solar Energy Companies Surge After LDK Raises Sales Forecast
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Solar-energy companies climbed today after LDK Solar Co. raised its guidance and Edison International announced several power-purchase agreements in California.
LDK, a Xinyu, China-based maker of solar products, climbed 19 percent to $12.39 at 1:22 p.m. in New York Stock Exchange composite trading, the largest percentage gain in two months. The company said today fourth-quarter sales will be 21 percent higher than the top end of its previous $750 million estimate.