Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
REC Silicon ASA ( (RNWEF) ) has provided an announcement.
REC Silicon ASA is navigating a critical financial situation, with the board of directors actively seeking financial support from Hanwha Group to secure necessary short-term funding. The company requires at least USD 6.5 million to maintain operations through early August, and discussions are ongoing with Hanwha, which plans to propose a new board of directors to facilitate this support.
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, headquartered in Lysaker, Norway.
Average Trading Volume: 1,683,575
Current Market Cap: NOK1.02B
See more insights into RNWEF stock on TipRanks’ Stock Analysis page.