LDK Solar Inks $300 Million Deal With BYD

Several big names in solar have settled from recent highs on Wall Street, but there's still a lot of money running into the sector.

On Monday morning, LDK Solar announced that it has locked up a new two-year sales deal with Chinese juggernaut BYD worth roughly $300 million. Under the deal, LDK will provide monthly shipments of polysilicon starting on January 2011.

It's another win for the solar wafer manufacturer, which earlier this month raised its third quarter guidance about 7% to a range of $610 to $640 million. In addition to raising its outlook, LDK noted that shipments of solar wafers and modules were outpacing demand.

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