mixed-performance-for-chinese-solar-power-companies

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.

Anette Jönsson

June 04, 2007

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 on Friday, LDK traded up another 11.6%, but then started to slide and finished the session a marginal 0.74% above its IPO price.

Trina Solar fared a lot worse, however, falling 7.8% on Friday after...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 1 article per month from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222