Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
The latest update is out from REC Silicon ASA ( (RNWEF) ).
REC Silicon ASA is facing significant operational and financial challenges, as highlighted by its largest shareholder, Hanwha. The company requires substantial support to meet its financial obligations and maintain stability, with Hanwha emphasizing the importance of board continuity during this critical period. REC Silicon is seeking additional financing, either from Hanwha or other sources, to address its cash flow needs, with no guarantees yet in place.
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, providing high-purity silicon gases to the solar and electronics industries globally. With over 40 years of experience and proprietary technology, the company is listed on the Oslo Stock Exchange and headquartered in Lysaker, Norway.
YTD Price Performance: -40.16%
Average Trading Volume: 1,622,735
Current Market Cap: NOK904.3M
For an in-depth examination of RNWEF stock, go to TipRanks’ Overview page.