REC Silicon ASA (RNWEF)
OTHER OTC:RNWEF
Earnings Data
Report Date
May 07, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
―Last Year’s EPS
-0.07Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Negative
The call conveyed mixed operational positives—improved mix and the quarter being the strongest EBITDA contributor in 2025, higher gas shipments versus Q3, and a set of near-term financing measures—but these are overshadowed by a fragile liquidity position (cash of $7.3M), an EBITDA loss of $3.7M, ongoing negative cash outflow at Moses Lake (~$3.9M), rising nominal debt and multiple 2026 maturities, persistent weak end-market demand (semiconductor and PV) and legal/governance uncertainty. Management’s proposed rights issue and loan extensions provide potential stabilization, but dependency on shareholder support and the absence of available debt financing indicate material financial risk.Company Guidance
EBITDA Contribution and Revenue Mix Improvement
Company reported an EBITDA loss from continuing operations of $3.7 million for the quarter, but management noted this quarter delivered the highest EBITDA contribution of 2025 and an improvement versus Q3 2025. The improvement was driven by higher silicon gas volumes and ASP/mix effects from a larger share of higher-value products and markets. (No percentage change disclosed.)
Secured and Proposed Financing Actions
Closed on $20 million in loans in Q4 and subsequently obtained an additional $10 million loan in January 2026; extended a $110 million short-term loan. The Board has proposed a fully underwritten rights issue to raise the NOK-equivalent of $100 million in new equity to stabilize the company and protect minority shareholders (subject to EGM approval).
Operational Signals of Recovery and Cost Actions
Gas shipments increased versus Q3, and the company cites early signs of recovery in some segments, especially for higher-grade products. Management completed staffing adjustments tied to the previously announced restructuring/optimization of the PV facility and is working to high-grade the Butte portfolio and reduce the cost of optionality at Moses Lake.
Near-Term Liquidity Steps
Management has pursued multiple near-term liquidity measures (new loans, loan extensions, proposed equity raise) and engaged in active discussions around restructuring maturing term loans to address 2026 maturities.
RNWEF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
RNWEF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 12, 2026 | $0.01 | $0.01 | 0.00% |
Nov 06, 2025 | $0.07 | $0.07 | 0.00% |
Aug 22, 2025 | $0.14 | $0.14 | 0.00% |
May 08, 2025 | $0.19 | $0.19 | 0.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does REC Silicon ASA (RNWEF) report earnings?
REC Silicon ASA (RNWEF) is schdueled to report earning on May 07, 2026, Before Open (Confirmed).
What is REC Silicon ASA (RNWEF) earnings time?
REC Silicon ASA (RNWEF) earnings time is at May 07, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is RNWEF EPS forecast?
Currently, no data Available