Hard-pressed LDK Solar cuts full-year revenue outlook

China’s LDK Solar has lowered its full-year revenue outlook, with its third-quarter results failing to halt the downward spiral of burdensome debt and dwindling PV prices.

LDK, seen by many as the most challenged of all the struggling Chinese PV giants, now expects to haul in revenues of just $950m-$1bn in 2012 – down from its prior view of $1.1bn-$1.5bn.

LDK sees much of the shortfall coming in the final quarter of the year, when it foresees revenue of $230m-$290m – less than half of what some analysts had previously predicted.

LDK, which took on vast debt in its quest to diversify away from its core wafer business, managed to beat its own forecast for the third quarter, with…

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