in News Departments > New & Noteworthy
print the content item

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.



Hybrid Energy Innovations 2015

Surrette_id1409
Latest Top Stories

New York Raises Solar Net-Metering Caps As Part Of An Energy Initiative

Gov. Andrew Cuomo announced five significant steps to help improve New York's grid, develop more localized access to energy and encourage new business models.


Co-op Solar Procurement: Exciting Opportunity Or Grounds For Turf War?

Despite promising growth in the utility sector, further procurement of solar on utility co-op systems could be stalled.


Colorado PUC Rejects Xcel Energy's Solar*Connect Subscription Program

Citing a lack of demand and concerns over pricing, Colorado regulators wasted little time in dismissing the utility's community solar proposal.


NextEra To Purchase Majority Stake In Hawaiian Electric In $4.3 Billion Deal

If approved by shareholders and regulators, the merger of NextEra and Hawaiian Electric Industries will produce one of North America's largest renewable energy companies.


EnterSolar Completes 1.6 MW Rooftop For Long Island Distributor

NYC developer structures three discrete projects to maximize feed-in tariff and net-metering incentives.

Hybrid Energy Innovations 2015
Maynards_id1471