European Austerity Means a Cloudier Forecast for LDK Solar

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LDK Solar (LDK) and other solar plays like First Solar (FSLR), Suntech Power (STP) and Sunpower (SPWRA) have traditionally been dependent on demand driven by government subsidies. This has made these companies vulnerable to government policies, especially as countries like Germany, Spain and Italy have made budget cuts to their solar subsidies. LDK in particular has seen large swings in its stock over the past year and a half, which rose from $5.20 in July 2010 to a high of $14.55 in February…

European Austerity Means a Cloudier Forecast for LDK Solar originally appeared on DailyFinance.com on 2011-05-27T08:20:00Z.

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