Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

LDK Rises on Plans to Build 600 Megawatts of China Solar Plants

LDK Solar Co., a Chinese maker of solar panels, rose the most in two weeks after announcing contracts to build three projects in the country’s Gansu province with at least 600 megawatts of capacity.

LDK’s American depositary receipts gained 3.4 percent to $1.75 at 10:16 a.m. in New York. Earlier it rose as much as 9.5 percent, the most intraday since May 11. Each ADR is worth one ordinary share.

The company signed a three-year contract to supply and install 200 megawatts of its panels for a solar farm in Jayuguan City, a two-year, 200-megawatt deal in Zhangye City and a 200-megawatt agreement for a project in Jiuquan City, Xinyu, China-based LDK said today in a statement. It didn’t name the client.

LDK’s shares have fallen 59 percent this year as overcapacity in the solar sector and slowing demand growth have squeezed margins and pushed panel prices down 53 percent.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.