- [carmenv]
- - 15:23 13/may/2008
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NEW YORK - Chinese solar wafer maker LDK Solar Co. Ltd. on Monday predicted its second-quarter sales will surpass analysts' forecasts.
The company predicted revenue of $278 million to $288 million.
Analysts surveyed by Thomson Financial are forecasting revenue of $252 million, on average.
For the full year, LDK predicted revenue of $1.08 billion to $1.18 billion. Analysts expect sales of $1.08 billion.
LDK expects to ship 136 to 146 megawatts of solar wafers in the quarter, and 560 to 580 megawatts for the year.
A one-megawatt power plant running continuously at full capacity can power 778 households each year, according to the U.S. Department of Energy. Solar technology has lower capacity, however, because its power generation is constrained by availability of the sun
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