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Rec Silicon (RNWEF)
:RNWEF
Earnings Data
Report Date
May 08, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.1Last Year’s EPS
-0.1Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 06, 2025
|% Change Since: 0.00%
|Next Earnings Date:May 08, 2025
Earnings Call Sentiment|Neutral
The earnings call presents a mixed sentiment. While there were notable achievements in silicon gas sales volumes and securing financing, significant challenges were faced with the shutdown of the Moses Lake facility and financial losses, indicating a period of transition and restructuring for REC Silicon.Company Guidance
During the fourth quarter of 2024, REC Silicon reported revenues of $29.7 million, primarily from its Butte operations, with a notable increase in silicon gas sales by 5% over the previous quarter, and sold 543 metric tons of silicon gas. Despite this, the company faced an EBITDA loss of $5.3 million due to challenges at their Moses Lake facility, leading to the discontinuation of polysilicon production there. The company secured a $40 million loan from Hanwha to support restructuring efforts, which included rolling over existing loans with a maturity in January 2026. REC Silicon is now focusing on stabilizing its business, reducing costs, and shifting towards a pure-play silicon gas producer to capitalize on growth opportunities in semiconductor and PV markets. The company aims to clear its remaining polysilicon inventory by mid-2025 and is actively exploring financing options to meet its financial obligations.Increase in Silicon Gas Sales
Silicon gas sales volume increased by 5% over the previous quarter, indicating positive growth in this segment.
Growth in DCS and MCS Volumes
DCS and MCS volumes grew by 48% and 37%, respectively, over Q3, showcasing strong performance in these areas.
Successful Securing of Financing
REC Silicon secured a $40 million loan from Hanwha to support restructuring, demonstrating financial support and stability.
Doubling of Polysilicon Shipments
216 metric tons of polysilicon sold in Q4, doubling shipments from the previous quarter.
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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
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RNWEF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 06, 2025 | $0.12 | $0.11 | -8.33% |
| Nov 07, 2024 | $0.62 | $0.46 | -25.81% |
| Aug 08, 2024 | $0.82 | $0.71 | -13.41% |
| May 10, 2024 | $0.97 | $0.92 | -5.15% |
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.
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FAQ
When does Rec Silicon (RNWEF) report earnings?
Rec Silicon (RNWEF) is schdueled to report earning on May 08, 2025, TBA Not Confirmed.
What is Rec Silicon (RNWEF) earnings time?
Rec Silicon (RNWEF) earnings time is at May 08, 2025, TBA Not 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?
RNWEF EPS forecast for the fiscal quarter 2025 (Q1) is -0.1.
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