tiprankstipranks
REC Silicon Reports Revenue Decline Amid Liquidity Challenges
Company Announcements

REC Silicon Reports Revenue Decline Amid Liquidity Challenges

REC Silicon ASA (RNWEF) has released an update.

Don't Miss our Black Friday Offers:

REC Silicon ASA reported a decline in third quarter revenues to USD 33.8 million, alongside an EBITDA loss of USD 42.7 million, primarily due to lower sales and a maintenance shutdown. The company is facing liquidity challenges due to delayed polysilicon sales and has reduced operations at its Moses Lake facility to conserve cash. REC Silicon is focusing on increasing sales opportunities to address the challenging financial environment.

For further insights into RNWEF stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks European Auto-Generated NewsdeskREC Silicon Advances in Semiconductor and Battery Sectors
TipRanks Auto-Generated NewsdeskREC Silicon Faces Financial Challenges Amid Market Uncertainties
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App