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The latest announcement is out from REC Silicon ASA ( (RNWEF) ).
REC Silicon Inc has secured a USD 6.5 million short-term loan from Hanwha International LLC to address immediate operational capital needs. Despite this financial support, the company anticipates requiring additional financing to meet its debt service and operational cash flow requirements, highlighting ongoing financial challenges.
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, specializing in high-purity silicon gases for the solar and electronics industries globally. With over 40 years of experience, the company leverages proprietary technology to meet customer needs and is listed on the Oslo Stock Exchange.
YTD Price Performance: -39.16%
Average Trading Volume: 1,187,470
Current Market Cap: NOK919.5M
For detailed information about RNWEF stock, go to TipRanks’ Stock Analysis page.