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REC Silicon ASA ( (RNWEF) ) has issued an announcement.
REC Silicon ASA has secured a USD 6.5 million short-term loan from Hanwha International LLC to address its immediate operational capital needs. Despite this financial support, the company anticipates requiring further financing to meet its debt and operational cash flow requirements, highlighting its reliance on major shareholder Hanwha or other capital sources.
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 headquartered in Lysaker, Norway, and is listed on the Oslo Stock Exchange.
Average Trading Volume: 1,662,580
Current Market Cap: NOK926.2M
See more data about RNWEF stock on TipRanks’ Stock Analysis page.