REC Silicon ASA (RNWEF) has released an update.
REC Silicon ASA, a leader in high purity silicon materials, reported a decrease in second-quarter revenues from USD 42.1 million to USD 37.7 million in 2024, alongside an increased EBITDA loss. Despite challenges in the PV solar manufacturing sector and semiconductor wafer inventories leading to reduced sales volumes, the company saw an improvement in its semiconductor materials segment EBITDA. The company is also focusing on resolving production issues at its Moses Lake facility and shifting its strategy to emphasize silicon gases and semiconductor business for stability.
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