SOURCE: The Bedford Report

The Bedford Report

May 16, 2011 08:16 ET

Outlook Dims for Evergreen Solar and LDK

The Bedford Report Provides Analyst Research on Evergreen Solar & LDK Solar

NEW YORK, NY--(Marketwire - May 16, 2011) - Earnings season has been mixed for the solar industry, while first quarter profits and sales were strong, there is plenty of uncertainty heading into the summer months. Many solar heavyweights warned that shipments will drop in the upcoming months, citing concern in Italian policy changes. The Bedford Report examines investing opportunities in the Solar Industry and provides research reports on Evergreen Solar, Inc. (NASDAQ: ESLR) and LDK Solar Co. (NYSE: LDK). Access to the full company reports can be found at:

www.bedfordreport.com/2011-05-ESLR

www.bedfordreport.com/2011-05-LDK

Italy's solar sector has surged since 2007, when generous production incentives were launched. On the downside, Italy approved a decree earlier this month that cuts spending on generous solar power incentives. Under the new solar decree, a transitional period with gradual cuts in incentives will start from June 1, 2011 and run to 2013, after which the incentives will automatically be linked to reaching a certain level of installed capacity. The decree aims to cap subsidies for solar developers at between $8.92 billion and $10.41 billion per year by the end of 2016.

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LDK was one of the first solar companies to warn of possible shipment shortfalls in the current quarter. For the first quarter of 2011, LDK Solar expects to report revenue in the range of $745 to $755 million, as opposed to its prior guidance of revenue between $800 and $850 million

Evergreen Solar is one of the biggest laggards in the solar sector. Shares of the company plummeted last week after the company said it was unsure whether it will be able to continue its business due to liquidity concerns. The company said its survival depends on obtaining additional financing from third parties and a successful restructuring of at least a substantial portion of its debt.

The Bedford Report provides Analyst Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. The Bedford Report has not been compensated by any of the above-mentioned publicly traded companies. The Bedford Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at http://www.bedfordreport.com/disclaimer

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