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REC Silicon ASA ( (RNWEF) ) has issued an update.
REC Silicon Inc, a subsidiary of REC Silicon ASA, has extended its USD 50 million facility loan with Standard Chartered Bank, backed by its major shareholder Hanwha Solutions. The company is focusing on boosting sales of silicon gases, cutting costs, and optimizing production, but faces financial challenges requiring additional financing to meet its debt and operational needs.
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 is a leading producer of advanced silicon materials, supplying high-purity silicon gases to the solar and electronics industries globally. With over 40 years of experience and proprietary technology, the company is headquartered in Lysaker, Norway, and is listed on the Oslo Stock Exchange.
YTD Price Performance: -41.61%
Average Trading Volume: 1,656,604
Current Market Cap: NOK882.5M
Learn more about RNWEF stock on TipRanks’ Stock Analysis page.