REC Silicon’s Strategic Moves After Test Setback

REC Silicon ASA (RNWEF) has released an update.

REC Silicon ASA faces challenges after the unsuccessful qualification test of its ultra-high purity polysilicon from its Moses Lake facility. The company is exploring strategic options, including operational adjustments and contract renegotiations, to address the issues and is seeking additional financing to maintain financial flexibility. The outcome of these efforts remains uncertain as the company works to improve its production process.

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