Kolkata, West Bengal -- (SBWIRE) -- 08/29/2013 -- Specialpennystockalert.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on LDK Solar Co., Ltd (ADR) (NYSE:LDK), Canadian Solar Inc.(NASDAQ:CSIQ), DryShips Inc. (NASDAQ:DRYS).
LDK Solar Co., Ltd (ADR) (NYSE:LDK) shares increased 0.65% to $1.55. The company on August 27 reported its unaudited financial results for the second quarter ended June 30, 2013. Net sales for the second quarter of fiscal 2013 were $114.7 million, compared to $104.3 million for the first quarter of fiscal 2013, and $235.4 million for the second quarter of fiscal 2012. Net loss for the second quarter of fiscal 2013 was $165.3 million, or a loss of $0.97 per diluted ADS, compared to net loss of $187.1 million, or a loss of $1.21 per diluted ADS for the first quarter of fiscal 2013 and net loss of $254.3 million, or a loss of $2.00 per dwiluted ADS for the second quarter of fiscal 2012.
Additionally, the company on July 30 announced that it has appointed two new members to the Company's Board of Directors, Mr. Michael Nacson and Mr. Kurt Metzger. The two Board members were nominated by the holders of the Company's 3% Convertible Notes as a condition of the Forbearance Agreement announced on June 28th.
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Canadian Solar Inc.(NASDAQ:CSIQ) shares increased 2.52% to $12.63. The company announced that it is scheduled to attend Nomura China Investor Forum on Wednesday, September 4, 2013 to Thursday, September 5, 2013 at Grand Hyatt in Shanghai, China. During the conference, Dr. Shawn Qu, Chairman, President and CEO and Michael G. Potter, Senior Vice President and Chief Financial Officer will be available to meet with institutional investors. Dr. Shawn Qu will also participate in the panel session on Opportunities from China's Increased Environmental Awareness at 3:30pm to 4:20pm local time on September 4, 2013.
Additionally, the company on August 15 announced that it has filed a prospectus supplement to sell up to an aggregate of US$50.0 million of its common shares through an at-the-market equity offering program. The common shares will be offered through Credit Suisse as sales agent.
Moreover, the company on August 8 reported a narrower second-quarter loss, mirroring higher revenues and solar module shipments. Net loss attributable to Canadian Solar Inc. was $12.6 million or $0.29 per share, compared with net loss of $25.4 million or $0.59 per share during the same quarter last year. Analysts expected loss per share of $0.20 for the quarter. Net revenues for the three-month period increased to $380.3 million from $348.2 million a year ago. Analysts expected the company to report revenues of $419.83 million for the quarter.
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DryShips Inc. (NASDAQ:DRYS) shares increased 0.41% to $2.46. The company on August 7 announced its unaudited financial and operating results for the second quarter ended June 30, 2013. For the second quarter of 2013, the Company reported a net loss of $18.2 million, or $0.05 basic and diluted loss per share. The Company reported Adjusted EBITDA of $112.3 million for the second quarter of 2013, as compared to $140.2 million for the second quarter of 2012.
Additionally, the company on July 23, an international provider of marine transportation services for drybulk and petroleum cargoes, and through its majority owned subsidiary, Ocean Rig UDW Inc. ("Ocean Rig"), announced that Ocean Rig has signed definitive documentation with Total E&P Angola, following the previously announced Letter of Award, for its ultra deepwater drillship "Ocean Rig Skyros." The contract is for 5 wells or a minimum of 275 days for drilling offshore West Africa, with an estimated backlog of approximately $190 million, and is expected to commence upon delivery of the drillship from the shipyard, in October 2013.
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