Mixed performance for Chinese solar power companies
LDK draws strong demand for its IPO but erases most of its debut gains. Trina's share price continues to fall after it prices a follow-on at a 2.5% discount.
It has been a volatile week in the solar power sector with disappointing earnings from one solar cell manufacturer and concerns about narrowing margins at another. But while this led to significant losses for most of the Chinese solar power stocks listed in the US, wafer manufacturer LDK Solar was able to retain interest for its initial public offering and set the price at the top of the range.
When the shares debuted on the New York Stock Exchange...
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