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REC Silicon ASA ( (RNWEF) ) has issued an update.
REC Silicon Inc, a subsidiary of REC Silicon ASA, has secured a USD 7.0 million short-term loan from Hanwha International LLC to address urgent operational capital needs. Despite this financial support, REC Silicon anticipates needing additional financing to meet its debt service and operating cash flow requirements, highlighting ongoing financial challenges and reliance on its major shareholder, Hanwha.
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.
Average Trading Volume: 1,111,164
Current Market Cap: NOK813.1M
Find detailed analytics on RNWEF stock on TipRanks’ Stock Analysis page.