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LDK Solar Co., Ltd. (NYSE: ) shares jumped sharply higher after rival ReneSola (NDAQ: ) ropped its second-quarter earnings estimates and guided higher. The solar wafer manufacturer increased its capacity target to 1 GW by the end of 2009 and annual production output is expected to be in the range of 650 MW to 750 MW, including output from tolling arrangements in the rang eof 100 MW to 150 MW. The firm also announced that it sees FY revenues of $640 to $670 million versus $570 to $590 million.

LDK Solar lifted its guidance earlier this month as well. The solar wafer manufacturer reported a tripling of its third quarter profits and lifted its outlook Monday for the full year. The company now expects revenues of between $486 million and $496 million while shipping between 210 MW and 220 MW of wafers in the third quarter. LDK Solar also lifted its revenue guidance for the full year to between $1.65 billion and $1.75 billion compared to $1.08 billion to $1.18 billion.

LDK Solar Co., Ltd. (LDK Solar) is a manufacturer of multicrystalline solar wafers. Solar wafers are the principal raw material used to produce solar cells, which are devices capable of converting sunlight into electricity. The Company sells multicrystalline wafers globally to manufacturers of photovoltaic products, including solar cells and solar modules. It produces and sells multicrystalline solar wafers between 180 and 220 microns in thickness.

Shares of LDK Solar rose $1.44, or 3.39%, to $43.86 per share.

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