Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
REC Silicon ASA ( (RNWEF) ) has provided an update.
REC Silicon ASA is facing financial challenges and is in need of additional financing, which is contingent upon the completion of a voluntary cash offer by Anchor AS. The offer, priced at NOK 2.20 per share, has a final acceptance deadline of July 8, 2025, with no plans for extension or price increase. Hanwha, a key financial supporter, has stipulated that no further loans will be provided unless the offer is completed, emphasizing the importance of stability and continuity at the board level for the company’s future operations.
The most recent analyst rating on (RNWEF) stock is a Hold with a NOK8.00 price target. To see the full list of analyst forecasts on REC Silicon ASA stock, see the RNWEF Stock Forecast page.
More about REC Silicon ASA
REC Silicon ASA operates in the renewable energy sector, focusing on the production of silicon materials used in solar panels and electronic applications. The company is a significant player in the polysilicon market, catering to the growing demand for clean energy solutions.
Average Trading Volume: 1,778,325
Current Market Cap: NOK1.09B
See more insights into RNWEF stock on TipRanks’ Stock Analysis page.