in News Departments > New & Noteworthy
print the content item

comments: 0

LDK Solar Co. Ltd. says it has received a notice from the New York Stock Exchange (NYSE) stating that the company did not meet one of the NYSE's continued listing standards.

The average closing price of LDK's American depositary shares (ADS) was $0.99, less than $1.00, per ADS over a consecutive 30-trading-day period as of Nov. 5.

Under the NYSE rules, LDK Solar must bring its average ADS closing price above $1.00 within six months of receipt of the NYSE's notification or its next annual meeting of shareholders if a shareholders' action is proposed (whichever is longer). LDK Solar says it has notified the NYSE of its intention to cure this deficiency within the prescribed timeframe.

If the company fails to become compliant with the continued listing standards within the applicable timeframe, its stock may be delisted by the NYSE.



SolarEnergyTradeShow_id1384

Surrette_id1386
Latest Top Stories

Report Benchmarks U.S. Electric Utility Clean Energy Deployment

As the U.S. Environmental Protection Agency prepares for its listening sessions on its Clean Power Plan for existing power plants next week, a new report ranks the cleantech performance of nation’s largest electric utilities.


Solar Sector Fears WTO Ruling Against Tariffs Won't Save The U.S. From Itself

Although the WTO says U.S. anti-dumping tariffs levied on Chinese PV manufacturers are improper, few expect the ruling to prevent a rise in module prices.


Xcel Energy Offers Solar*Rewards 'Bridge' For Colorado Solar Installations

As an incentive for the continued development of customer-sited solar, Public Service Co. of Colorado has agreed to advance capacity for its popular Solar*Rewards program.


Flexible Sources Key To Integrating Solar PV Into Utility Operations

A report from three U.S. Department of Energy labs proposes a framework for integrating various amounts of PV into the grid.


PV Industry Leaders See A 'Second Gold Rush' Coming In The Solar Sector

A panel of solar sector executives from across the PV supply chain at Intersolar North America says the widespread adoption of distributed generation energy sources is inevitable.

Lufft_id
S&C Electric_id1352
WIP_id1320
PVcobra_id1394
SnakeTray_id1373