North Coast Solar Stocks

December 9, 2009

LDK Solar Reportedly Plans Polysilicon Spinout

Filed under: LDK — Tags: , , , , , — Jason @ 9:28 am

By Eric Savitz

LDK Solar (LDK) plans to spin off its polysilicon business as an IPO on the Hong Kong Stock Exchange, according to JLM Pacfiic Epoch, which cites a report on the Chinese site that quoted LDK CEO Peng Xianfeng.

Peng reportedly said that he believes poly prices will in the future not exhibit the large fluctuations that have characterized the markets in the recent past.

LDK in November sold a 15% stake in its its polysilicon plant in Xinyu City, China, to Jiangxi International Trust for about $219 million.

LDK this morning is up 25 cents, or 2.8% to $9.30.

Leave a Comment »

No comments yet.

RSS feed for comments on this post. TrackBack URI

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Blog at

%d bloggers like this: