LDK Solar is sticking to its previous financial guidance, issued on April 26, for both the first-quarter and the full-year 2011, seeing quarterly revenues in the $745 million to $755 million range (down from Q4 2010's $920.9 million) and annual sales between $3.5 billion and $3.7 billion (up from 2010's $2.5 billion). The vertically integrated solar manufacturer also holds to its forecast of wafer shipments coming in at 625-635MW for the quarter and 2.7-2.9GW for the year.
Additional guidance for Q1 includes module shipments of 109-114MW, in-house polysilicon output of 2,450-2,470MT, and in-house cell production between 44MW and 46MW. The Chinese company expects the gross margin to come in in the 30-31% range.
In Q4 2010, the firm shipped 627.9MW of wafers and 157.2MW of modules, produced 1,925MT of polysilicon, and achieved a gross margin of 27.3%.
For the year, LDK is guiding module shipments between 800MW and 900MW, polysilicon production of 10,000-11,000 MT, and in-house cell output between 500MW and 600MW. The company has allowed for a wide range for its gross margin forecast, expecting it to end up between 24% and 29%.
In its recently filed SEC 20-F document, the company offered production capacities as of March 31 and projected by year's end, respectively, as follows: wafers, 3.5GW and 4.2GW; modules, 1.6GW and 3GW; cells, 570MW and 1.8GW; and polysilicon, 12,000MT and 25,000MT.
LDK cautioned that the outlook figures are estimates, with results subject to change based on further review by management.
First-quarter results will be announced after the market closes on June 7.