LDK Solar (NYSE:LDK) is the world’s second largest manufacturer of solar wafers – displaced from the top spot by its rapidly growing rival GCL-Poly Energy Holdings last year. ^[1] The company is also a leading vertically integrated manufacturer of photovoltaic (PV) products and competes with other solar energy players like First Solar (NASDAQ:FSLR), Suntech Power (NYSE:STP) and Sunpower (NASDAQ:SPWRA). In this article, we enumerate the company’s 3 biggest business segments that are responsible for driving more than 80% of the company’s stock value - which we estimate at just over $12.