“We left LDK Solar’s investor day with the sense that all of the things going right for the company are overshadowed by deteriorating industry fundamentals that look set to push the solar market into oversupply no later than 2012,” Morningstar analyst Stephen Simko said in a recent note on the company.
“LDK’s balance sheet is heavily leveraged, and without continued financial support from government-sponsored Chinese banks, the company would have serious problems funding its operations and servicing its debt,” he added.
Market Vectors Solar Energy
