Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Oslo Bors  >  REC Silicon    REC   NO0010112675

REC SILICON

(REC)
My previous session
Most popular
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsAnalyst Recommendations
The feature you requested does not exist. However, we suggest the following feature:

REC Silicon : - Continues to operate Moses Lake at 25% until further notice

share with twitter share with LinkedIn share with facebook
share via e-mail
0
03/05/2019 | 02:01am EDT
Fornebu, Norway - March 5, 2019: With reference to the news release on February 12, 2019, following a decision by REC Silicon ASA's (REC Silicon) Board of Directors, REC Silicon will continue to operate its FBR facility in Moses Lake, Washington at approximately 25 percent of the facility's capacity until further notice. The Board's decision is subject to gaining further clarity on whether trade negotiations between the Governments of the United States and China are likely to result in REC regaining access to the China market for solar grade polysilicon and the overall outlook for the polysilicon market.

REC Silicon is grateful to and thanks the Government of the United States (USG), specifically President Trump and U.S. Trade Representative Ambassador Lighthizer and his team, for prioritizing the interests of high technology, innovative manufacturers like the U.S. polysilicon industry and its highly skilled workers in its on-going trade discussions with China. REC Silicon urges the USG to continue to insist on an immediate termination of China's long-standing trade embargo on U.S. polysilicon exports as soon as possible as a necessary element of any agreement between the USG and China.

There is no change to previous guidance issued by REC Silicon.

For further information, please contact:
Francine Sullivan, Vice President Business Development
Phone: +1 509 750 1133
Email: Francine.sullivan@recsilicon.com

Nils O. Kjerstad
IR Contact
Phone: +47 9135 6659
Email: nils.kjerstad@crux.no

About REC Silicon
REC Silicon is a leading producer of advanced silicon materials, delivering high-purity polysilicon and silicon gas to the solar and electronics industries worldwide. We combine over 30 years of experience and proprietary technology with the needs of our customers, with annual production capacity of more than 20,000 MT of polysilicon from our two US-based manufacturing plants. Listed on the Oslo Stock Exchange (ticker: REC), the Company is headquartered in Fornebu, Norway.

For more information, go to: www.recsilicon.com

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.



This announcement is distributed by West Corporation on behalf of West Corporation clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: REC Silicon ASA via Globenewswire

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on REC SILICON
03/05REC SILICON : - Continues to operate Moses Lake at 25% until further notice
GL
02/28REC SILICON : - Presentation at the SpareBank1 Markets 2019 Energy Conference
GL
02/12REC SILICON : - Fourth quarter 2018 results
GL
02/05REC SILICON : - Invitation to the fourth quarter 2018 results
GL
01/17REC SILICON : - Presentation at the Pareto Securities Power and Renewable Energy..
GL
2018ELKEM : says U.S.-China trade war to hit fourth-quarter earnings
RE
2018REC SILICON : - Third Quarter 2018 Results
GL
2018REC SILICON : - Invitation to the third quarter 2018 results
GL
2018Impact of trade tariffs on European companies
RE
2018Impact of trade tariffs on European companies
RE
More news
Financials ($)
Sales 2019 253 M
EBIT 2019 -38,0 M
Net income 2019 -34,3 M
Debt 2019 108 M
Yield 2019 -
P/E ratio 2019 -
P/E ratio 2020 24,62
EV / Sales 2019 1,22x
EV / Sales 2020 0,88x
Capitalization 199 M
Chart REC SILICON
Duration : Period :
REC Silicon Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends REC SILICON
Short TermMid-TermLong Term
TrendsNeutralNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 6
Average target price 0,10 $
Spread / Average Target 25%
EPS Revisions
Managers
NameTitle
Tore Torvund President & Chief Executive Officer
Jens Dag Ulltveit-Moe Chairman
James A. May Chief Financial Officer
Stein Julsrud Vice President-Research & Development
Ragnhild Marta Wikborg Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
REC SILICON12.88%199
XINYI SOLAR HOLDINGS LTD38.13%4 018
SUNGROW POWER SUPPLY CO LTD--.--%2 564
STOBART GROUP LTD18.56%864
ELECTRO POWER SYSTEMS-7.11%165
TECOGEN INC8.82%94