Quarterly earnings tripled for Chinese solar maker LDK Solar (NYSE:LDK) on soaring demand for solar power, while ethanol producer Pacific Ethanol (NASDAQ:PEIX) reported a wider-than-expected loss on surging corn prices.

J. Christoph Amberger in Today’s Financial News says these results create a great opportunity for investors. Yesterday, shares in LDK Solar rose 15 percent. And J. Christoph reckons solar maker ReneSola (NYSE:SOL) may now do the same…

LDK Solar apparently is coping quite well with the proposed loss of German subsies. The company reported Q2 revenues surging 89.2% to $441.7 million after total wafer shipments increased 60.8% during the quarter. Gross margins ended up at 25.4%. (Obama, are you listening?! Can you spell “windfall profits”?)

LDK expects revenues between $486 million and $496 million on shipments of between 210 megawatts and 220 megawatts of wafers in the third quarter: “The company also lifted its full year guidance to between $1.65 and $1.75 billion compared to between $1.08 and $1.18 billion earlier.”The stock is still trading well below its 52-week high of $76.75. The stock gained over 17% today.

While most other publicly traded solar companies were gaining today, one in particular stood out: RenaSola another Chinese wafer maker, announced that it would report unaudited Q2 financials on Tuesday, Aug. 19, before the market open. The stock gained over 11% to trade at $15.36.

Call me crazy, but those earnings just might be something!

We’ll play: Buy RenaSola between $15-16 in view of an earnings-induced bounce of another 20% by next Tuesday.

Source: ReneSola is Our New Solar Earnings Speculation