Losses Expand for Troubled LDK Solar Co., Ltd (LDK)

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My top pick is still SunPower Corporation (NASDAQ:SPWR) , and another great company is SolarCity Corp (NASDAQ:SCTY). Residential solar grew 53% in the first quarter, and both companies have a major share of this growing market. Unlike utility-scale solar, the residential space is far more consistent, and we can expect more growth in the future. Both SunPower Corporation (NASDAQ:SPWR) and SolarCity Corp (NASDAQ:SCTY) sign customers up to 20-year leases, ensuring revenue long-term.

Another company with a solid balance sheet is First Solar, Inc. (NASDAQ:FSLR), once the largest solar company in the world. The company has a great balance sheet and captive demand with massive solar projects. I don’t like this market as much as solar leasing, but the company’s project-development expertise can’t be matched.

Foolish bottom line
LDK Solar Co., Ltd (NYSE:LDK) is on its last leg, and after China let Suntech’s subsidiary go into bankruptcy, I don’t see why it wouldn’t do the same with LDK Solar Co., Ltd (NYSE:LDK). This is a stock I would stay far, far away from.

The article Losses Expand for Troubled LDK Solar originally appeared on Fool.com.

Fool contributor Travis Hoium manages an account that owns shares of SunPower Corporation (NASDAQ:SPWR). He also owns shares of SunPower and has long January 2015 $5, $7, $15, and $25 calls on SunPower. The Motley Fool has no position in any of the stocks mentioned.

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