REC Silicon（R3Q）株式概要REC Silicon ASAは、その子会社とともに、ノルウェー国内および国際的に、太陽電池およびエレクトロニクス産業用のシリコン材料を生産・販売している。 詳細R3Q ファンダメンタル分析スノーフレーク・スコア評価2/6将来の成長0/6過去の実績0/6財務の健全性2/6配当金0/6報酬過去5年間の収益は年間0.4%増加しました。 リスク分析過去1年間で株主の希薄化は大幅に進んだ マイナスの株主資本 German市場と比較して、過去 3 か月間の株価の変動が非常に大きいすべてのリスクチェックを見るR3Q Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair Value€Current Price€0.0135.0% 割安 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-425m324m2016201920222025202620282031Revenue US$52.0mEarnings US$8.2mAdvancedSet Fair ValueView all narrativesREC Silicon ASA 競合他社ELES Semiconductor EquipmentSymbol: DB:1EPMarket cap: €56.2mcentrotherm internationalSymbol: DB:CTNKMarket cap: €198.9mWindon Energy GroupSymbol: DB:NW1Market cap: €10.9mPVA TePlaSymbol: XTRA:TPEMarket cap: €956.1m価格と性能株価の高値、安値、推移の概要REC Silicon過去の株価現在の株価NOK 0.01352週高値NOK 0.2252週安値NOK 0.013ベータ-0.101ヶ月の変化-14.19%3ヶ月変化-20.83%1年変化-92.48%3年間の変化-98.99%5年間の変化-99.28%IPOからの変化-99.90%最新ニュースお知らせ • Apr 27REC Silicon ASA, Annual General Meeting, Jun 30, 2026REC Silicon ASA, Annual General Meeting, Jun 30, 2026.お知らせ • Apr 08REC Silicon ASA has completed a Follow-on Equity Offering in the amount of NOK 972.603 million.REC Silicon ASA has completed a Follow-on Equity Offering in the amount of NOK 972.603 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 4,078,000,000 Price\Range: NOK 0.2385 Transaction Features: Rights Offeringお知らせ • Feb 10REC Silicon ASA has filed a Follow-on Equity Offering in the amount of NOK 972.603 million.REC Silicon ASA has filed a Follow-on Equity Offering in the amount of NOK 972.603 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 4,078,000,000 Price\Range: NOK 0.2385 Discount Per Security: NOK 0.016695 Transaction Features: Rights Offeringお知らせ • Dec 29+ 4 more updatesREC Silicon ASA to Report Q1, 2026 Results on May 07, 2026REC Silicon ASA announced that they will report Q1, 2026 results on May 07, 2026お知らせ • Jun 25Rec Silicon ASA Approves Appointment of New BoardREC Silicon ASA at its AGM held on June 25, 2025, approved the appointment of new board consists of John Adams (chair), Karina Fossmark, Jane Power, Jens Ulltveit-Moe and Mike Kerschen.お知らせ • May 23Water Street Capital Issues Open Letter to Shareholders of REC SiliconOn May 23, 2025, Water Street Capital, Inc announced that it has issued a letter to REC Silicon ASA's shareholders announcing its intention to vote against what it believes to be a significantly undervalued proposal from Hanwha Solutions Corporation, REC Silicon's largest shareholder, to purchase all shares of the Company. Water Street stated that it intends to call an Extraordinary General Meeting to investigate the circumstances that led to the termination of Hanwha's 10-year purchase contract with the Company in December 2024 to acquire all polysilicon from its Moses Lake facility and expressed its plan to nominate new directors to the Company's Board at its upcoming Annual General Meeting.最新情報をもっと見るRecent updatesお知らせ • Apr 27REC Silicon ASA, Annual General Meeting, Jun 30, 2026REC Silicon ASA, Annual General Meeting, Jun 30, 2026.お知らせ • Apr 08REC Silicon ASA has completed a Follow-on Equity Offering in the amount of NOK 972.603 million.REC Silicon ASA has completed a Follow-on Equity Offering in the amount of NOK 972.603 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 4,078,000,000 Price\Range: NOK 0.2385 Transaction Features: Rights Offeringお知らせ • Feb 10REC Silicon ASA has filed a Follow-on Equity Offering in the amount of NOK 972.603 million.REC Silicon ASA has filed a Follow-on Equity Offering in the amount of NOK 972.603 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 4,078,000,000 Price\Range: NOK 0.2385 Discount Per Security: NOK 0.016695 Transaction Features: Rights Offeringお知らせ • Dec 29+ 4 more updatesREC Silicon ASA to Report Q1, 2026 Results on May 07, 2026REC Silicon ASA announced that they will report Q1, 2026 results on May 07, 2026お知らせ • Jun 25Rec Silicon ASA Approves Appointment of New BoardREC Silicon ASA at its AGM held on June 25, 2025, approved the appointment of new board consists of John Adams (chair), Karina Fossmark, Jane Power, Jens Ulltveit-Moe and Mike Kerschen.お知らせ • May 23Water Street Capital Issues Open Letter to Shareholders of REC SiliconOn May 23, 2025, Water Street Capital, Inc announced that it has issued a letter to REC Silicon ASA's shareholders announcing its intention to vote against what it believes to be a significantly undervalued proposal from Hanwha Solutions Corporation, REC Silicon's largest shareholder, to purchase all shares of the Company. Water Street stated that it intends to call an Extraordinary General Meeting to investigate the circumstances that led to the termination of Hanwha's 10-year purchase contract with the Company in December 2024 to acquire all polysilicon from its Moses Lake facility and expressed its plan to nominate new directors to the Company's Board at its upcoming Annual General Meeting.お知らせ • Apr 28Hanwha Group Intends to Delist REC Silicon ASAHanwha Group has reached a rescue deal to fully acquire troubled Norwegian silicon materials REC Silicon ASA via an offer valuing the target company at NOK 925 million (USD 88.7m/EUR 78.1m). Following the transaction, Hanwha intends to delist the firm. The offer is subject to an acceptance level allowing the bidder to secure over 90% of REC.お知らせ • Apr 25Hanwha Solutions Corporation (KOSE:A009830) and Hanwha Corporation (KOSE:A000880) announces the agreement to acquire an remaining 66.67% stake in REC Silicon ASA (OB:RECSI) for approximately NOK 620 million.Hanwha Solutions Corporation (KOSE:A009830) and Hanwha Corporation (KOSE:A000880) announces the agreement to acquire an remaining 66.67% stake in REC Silicon ASA (OB:RECSI) for approximately NOK 620 million on April 24, 2025. A cash consideration valued at NOK 2.2 per share will be paid by Hanwha Solutions Corporation and Hanwha Corporation. The Offeror has received pre-commitments to accept the Offer from Hanwha Corporation and Hanwha Solutions Corporation, who together hold Shares representing approximately 33.33% of the Shares as at the date of this announcement. The Offer will be subject to conditions, including but not limited to the Offer being accepted to such extent that the Offeror becomes the owner of Shares representing more than 90% of the Shares and voting rights in the Company. If as a result of the Offer, the Offeror acquires and holds more than 90% of all Shares representing more than 90% of the voting rights in the Company, the Offeror will have the right and intends to carry out a compulsory acquisition of the remaining Shares. Also, if, as a result of the Offer or otherwise, the Offeror holds a sufficient majority of the Shares, the Offeror intends to propose that the general meeting of the Company passes a resolution to apply to de-list the Shares from the Oslo Stock Exchange. The Offer will be financed by liquidity resources available to the Offeror. The Offer is not subject to any conditions as to financing or due diligence. The Board of REC Silicon has unanimously resolved that it recommends the Shareholders to accept the Offer. The Board believes the terms of the Offer are in the best interests of the Company and the Shareholders as a whole based on an assessment of various factors, including but not limited. The Offeror's obligation to launch the Offer is subject to the following conditions, which are for the sole benefit of the Offeror and may be waived, in whole or in part, by the Offeror: (i) The Pre-Acceptances remain valid and in full force; (ii) No breach of the Transaction Agreement; and (iii) That the conditions for completion of the Offer (the "Closing Conditions") shall not have been made impossible to satisfy and the Closing Conditions (ii) to (viii) below shall remain fulfilled at all times. The initial offer period in the Offer will commence following publication of the Offer Document and is expected to last for 20 business days (the "Offer Period"), subject to any extensions by the Offeror (one or more times and at its sole discretion) up to a maximum offer period of up to 10 weeks. DNB Markets, a part of DNB Bank ASA is acting as financial advisor and receiving agent and Advokatfirmaet Wiersholm AS is acting as legal advisor to the Offeror. Arctic Securities AS is acting as financial advisor and Advokatfirmaet Schjødt AS is acting as legal advisor to the Company. In making its recommendation, the Board has received a fairness opinion from Arctic Securities AS, as an independent third party, concluding that the Offer is fair from a financial point of view.お知らせ • Jan 02REC Silicon ASA Ceasing of Production at Moses Lake, Washington Facility and Transitioning to Pure-Play Silicon Gas ProducerREC Silicon ASA announced that it is ceasing production at its Moses Lake, Washington facility. Production of polysilicon will be discontinued at the Moses Lake facility, while equipment involved in production of silicon gases will be maintained in a safe and recoverable mode that incurs minimal interim costs, allowing the unit to restart with reasonable notice. This will give the Company the flexibility to capitalize on future customer demand for Silicon Anode or other gases while minimizing near-term operational costs. This announcement follows the Company's decision to shut down polysilicon production at its Butte, Montana facility in February 2024. Once the shutdown process at the Moses Lake facility is complete, REC Silicon will have completely discontinued the production of polysilicon at both facilities. Moving forward, REC Silicon will focus its business efforts on silicon gases where the Company has clear strength, market positioning, and product differentiation. The Company is prioritizing driving costs out of its silicon gas assets and optimizing production, with a goal to return to profitability. Production Issues at the Moses Lake Facility: The shutdown of the Moses Lake facility follows numerous, previously disclosed efforts to improve the level of some key impurities that resulted primarily from the post-reactor product finishing and handling systems. Initiatives included changing contact materials, procedures, operating conditions and parameters, passivation measures and bypassing equipment; and bringing in third-party resources to assist in evaluating and mitigating the situation. However, the Company was unsuccessful in its attempts to fully rectify the issues and ultimately received an unsuccessful qualification test, as announced on December 17, 2024. After further discussion with its customer, the customer is not able to wait any longer for delivery of product that consistently meets the requirements at the correct levels and can be delivered at the needed volumes. There are currently no other customers in the USA and limited customers outside of China, all of which are not options at this time due to product quality, market and contract conditions and timing of potential need. The Company and its customer are therefore now in advanced discussions regarding the cancellation of its contract, including the elimination of any penalties and a deferral of the repayment of the initial pre-payment. The company will provide more information as it is available. REC Silicon immediately began a review of strategic options to address financial and operational challenges, including additional operational adjustments, contractual re-negotiations, financing options, and other mitigative actions. That review has yielded the following conclusions: Given the high fixed costs involved in operating the facility and uncertainty related to the timing and quantifiable success of further improvements in its product handling process, as well as the available customer base, a shutdown of the Moses Lake facility is the best way to maintain strategic optionality and financial flexibility. The Company sought additional financing options for support during this period of transition and to fund the shutdown process and the Company announced that it is in advanced discussions with its largest shareholder regarding a potential short-term loan. In keeping with its long relationships and significant continuing presence in the semiconductor materials supply chain, the company will execute the shutdown in a manner that balances the best interests of all stakeholders. The Company expects the shutdown of the Moses Lake facility to start immediately and could take about three months and that the workforce in Moses Lake, along with some other employees who support the Moses Lake business line, will be reduced accordingly. The Company will provide additional information to impacted stakeholders as it becomes available.お知らせ • Dec 23REC Silicon ASA, Annual General Meeting, May 08, 2025REC Silicon ASA, Annual General Meeting, May 08, 2025.お知らせ • Dec 21+ 4 more updatesREC Silicon ASA to Report Fiscal Year 2024 Results on Mar 20, 2025REC Silicon ASA announced that they will report fiscal year 2024 results on Mar 20, 2025Reported Earnings • Nov 13Third quarter 2024 earnings released: US$0.13 loss per share (vs US$0.06 loss in 3Q 2023)Third quarter 2024 results: US$0.13 loss per share (further deteriorated from US$0.06 loss in 3Q 2023). Revenue: US$33.8m (down 2.9% from 3Q 2023). Net loss: US$52.6m (loss widened 112% from 3Q 2023). Revenue is forecast to grow 58% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 37% per year, which means it is significantly lagging earnings.New Risk • Sep 17New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 12% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Negative equity (-US$15m). Minor Risk Less than 1 year of cash runway based on current free cash flow (-US$245m).Reported Earnings • Aug 09Second quarter 2024 earnings released: US$0.12 loss per share (vs US$0.03 loss in 2Q 2023)Second quarter 2024 results: US$0.12 loss per share (further deteriorated from US$0.03 loss in 2Q 2023). Revenue: US$37.7m (up 2.7% from 2Q 2023). Net loss: US$50.7m (loss widened 245% from 2Q 2023). Revenue is forecast to grow 50% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings.Board Change • Jun 25High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Independent Director Renate Oberhoffer-Fritz is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.お知らせ • May 15REC Silicon ASA Announces Board AppointmentsREC Silicon ASA at its annual general meeting held on 14 May 2024, announced the following are elected as board members for a period until the annual general meeting of2025: Jooyong Chung (Deputy Chair), Vivian Bertseka and Robert Neuhauser.New Risk • Feb 15New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (202% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (6.9% average weekly change).New Risk • Feb 09New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (202% accrual ratio).Reported Earnings • Feb 09Full year 2023 earnings released: EPS: US$0.07 (vs US$0.21 loss in FY 2022)Full year 2023 results: EPS: US$0.07 (up from US$0.21 loss in FY 2022). Revenue: US$141.1m (down 4.5% from FY 2022). Net income: US$30.5m (up US$117.4m from FY 2022). Profit margin: 22% (up from net loss in FY 2022). Revenue is forecast to grow 61% p.a. on average during the next 2 years, compared to a 8.2% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 25% per year, which means it is performing significantly worse than earnings.お知らせ • Dec 06+ 5 more updatesREC Silicon ASA to Report Q3, 2024 Results on Nov 07, 2024REC Silicon ASA announced that they will report Q3, 2024 results on Nov 07, 2024New Risk • Nov 20New major risk - Negative shareholders equityThe company has negative equity. Total equity: -US$12m This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risk Negative equity (-US$12m). Minor Risk Less than 1 year of cash runway based on current free cash flow (-US$181m).Reported Earnings • Nov 17Third quarter 2023 earnings released: US$0.06 loss per share (vs US$0.07 loss in 3Q 2022)Third quarter 2023 results: US$0.06 loss per share (improved from US$0.07 loss in 3Q 2022). Revenue: US$34.8m (down 5.2% from 3Q 2022). Net loss: US$24.8m (loss narrowed 13% from 3Q 2022). Revenue is forecast to grow 32% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.お知らせ • Sep 21REC Silicon ASA(OB:RECSI) dropped from Oslo OBX Total Return IndexREC Silicon ASA has been removed from Oslo OBX IndexReported Earnings • Aug 16Second quarter 2023 earnings released: US$0.03 loss per share (vs US$0.06 loss in 2Q 2022)Second quarter 2023 results: US$0.03 loss per share (improved from US$0.06 loss in 2Q 2022). Revenue: US$36.7m (down 18% from 2Q 2022). Net loss: US$14.7m (loss narrowed 38% from 2Q 2022). Revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 66% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • May 12First quarter 2023 earnings released: US$0.08 loss per share (vs US$0.02 loss in 1Q 2022)First quarter 2023 results: US$0.08 loss per share (further deteriorated from US$0.02 loss in 1Q 2022). Revenue: US$29.1m (down 16% from 1Q 2022). Net loss: US$34.4m (loss widened 295% from 1Q 2022). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 70% per year, which means it is tracking significantly ahead of earnings growth.Breakeven Date Change • May 11Forecast to breakeven in 2024The analyst covering REC Silicon expects the company to break even for the first time. New forecast suggests the company will make a profit of US$41.0m in 2024. Average annual earnings growth of 91% is required to achieve expected profit on schedule.Reported Earnings • Mar 27Full year 2022 earnings released: US$0.21 loss per share (vs US$0.12 loss in FY 2021)Full year 2022 results: US$0.21 loss per share (further deteriorated from US$0.12 loss in FY 2021). Revenue: US$147.8m (up 3.2% from FY 2021). Net loss: US$86.9m (loss widened 100% from FY 2021). Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has increased by 85% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Feb 24Full year 2022 earnings released: US$0.21 loss per share (vs US$0.12 loss in FY 2021)Full year 2022 results: US$0.21 loss per share (further deteriorated from US$0.12 loss in FY 2021). Revenue: US$147.8m (up 3.2% from FY 2021). Net loss: US$86.9m (loss widened 100% from FY 2021). Revenue is forecast to grow 56% p.a. on average during the next 2 years, compared to a 8.8% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has increased by 50% per year, which means it is tracking significantly ahead of earnings growth.Buying Opportunity • Feb 24Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 29%. The fair value is estimated to be €1.61, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.9% over the last 3 years. Earnings per share has grown by 43%. Revenue is forecast to grow by 32% in a year. Earnings is forecast to grow by 34% in the next year.お知らせ • Nov 18+ 1 more updateREC Silicon ASA to Report Q4, 2022 Results on Feb 23, 2023REC Silicon ASA announced that they will report Q4, 2022 results at 12:00 PM, Central European Standard Time on Feb 23, 2023Reported Earnings • Nov 17Third quarter 2022 earnings released: US$0.07 loss per share (vs US$0.04 loss in 3Q 2021)Third quarter 2022 results: US$0.07 loss per share (further deteriorated from US$0.04 loss in 3Q 2021). Revenue: US$36.7m (up 1.4% from 3Q 2021). Net loss: US$28.6m (loss widened 74% from 3Q 2021). Revenue is forecast to grow 34% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has increased by 83% per year, which means it is tracking significantly ahead of earnings growth.Board Change • Nov 16High number of new and inexperienced directorsThere are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Independent Director Renate Oberhoffer-Fritz is the most experienced director on the board, commencing their role in 2022. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model.Board Change • Nov 02High number of new and inexperienced directorsThere are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Independent Director Renate Oberhoffer-Fritz is the most experienced director on the board, commencing their role in 2022. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Aug 18Second quarter 2022 earnings released: US$0.06 loss per share (vs US$0.015 loss in 2Q 2021)Second quarter 2022 results: US$0.06 loss per share (down from US$0.015 loss in 2Q 2021). Revenue: US$45.0m (up 26% from 2Q 2021). Net loss: US$23.6m (loss widened 337% from 2Q 2021). Over the next year, revenue is forecast to grow 15%, compared to a 12% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has increased by 74% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • May 28First quarter 2022 earnings released: US$0.02 loss per share (vs US$0.02 loss in 1Q 2021)First quarter 2022 results: US$0.02 loss per share (vs US$0.02 loss in 1Q 2021). Revenue: US$34.6m (up 23% from 1Q 2021). Net loss: US$8.70m (loss widened 1.2% from 1Q 2021). Over the next year, revenue is forecast to grow 10%, compared to a 13% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 64% per year, which means it is significantly lagging earnings growth.Board Change • Apr 27High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Independent Director Audun Stensvold is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.お知らせ • Apr 13REC Silicon ASA, Annual General Meeting, Jun 15, 2022REC Silicon ASA, Annual General Meeting, Jun 15, 2022.Reported Earnings • Mar 28Full year 2021 earnings released: US$0.12 loss per share (vs US$0.16 loss in FY 2020)Full year 2021 results: US$0.12 loss per share (up from US$0.16 loss in FY 2020). Revenue: US$143.2m (up 17% from FY 2020). Net loss: US$43.5m (loss narrowed 6.9% from FY 2020). Over the next year, revenue is forecast to grow 37%, compared to a 16% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth.Reported Earnings • Feb 19Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: US$0.12 loss per share (up from US$0.16 loss in FY 2020). Revenue: US$143.2m (up 17% from FY 2020). Net loss: US$43.5m (loss narrowed 6.9% from FY 2020). Revenue exceeded analyst estimates by 6.0%. Over the next year, revenue is forecast to grow 36%, compared to a 16% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth.Breakeven Date Change • Feb 18Forecast to breakeven in 2023The analyst covering REC Silicon expects the company to break even for the first time. New forecast suggests the company will make a profit of US$44.0m in 2023. Average annual earnings growth of 93% is required to achieve expected profit on schedule.Buying Opportunity • Jan 15Now 22% undervaluedOver the last 90 days, the stock is up 16%. The fair value is estimated to be US$2.07, however is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 24% per annum over the last 3 years. Earnings per share has grown by 89% per annum over the last 3 years.Reported Earnings • Oct 21Third quarter 2021 earnings released: US$0.055 loss per share (vs US$0.11 profit in 3Q 2020)The company reported a soft third quarter result with weaker earnings and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: US$36.2m (up 20% from 3Q 2020). Net loss: US$16.4m (down 153% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth.Breakeven Date Change • Sep 23Forecast to breakeven in 2023The 2 analysts covering REC Silicon expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of US$34.4m in 2023. Average annual earnings growth of 82% is required to achieve expected profit on schedule.お知らせ • Aug 31Reliance Industries Reportedly Eyes Billion-Bollar REC Buy from ChemChina for Solar PushReliance Industries Limited (NSEI:RELIANCE) is close to acquiring REC Silicon ASA (OB:RECSI) (REC Group), the largest solar panel manufacturer in Europe, for $1 billion - $1.2 billion from China National Chemical Corp. (ChemChina), said people aware of the matter. The purchase will help RIL access cutting-edge technology and global manufacturing capabilities as it continues with its recently-announced march into green energy, they said. Reliance is in talks with global banks to raise $500 million - $600 million in acquisition financing for the transaction, while the rest will be funded via equity.Reported Earnings • Jul 23Second quarter 2021 earnings released: US$0.01 loss per share (vs US$0.14 loss in 2Q 2020)The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: US$35.6m (up 15% from 2Q 2020). Net loss: US$5.40m (loss narrowed 87% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth.お知らせ • Jul 16REC Group Launches Second Generation N-Peak Solar PanelREC Group announced the launch of the REC N-Peak 2, the second generation of its n-type TOPCon cell-based solar panels. Building on the success of its predecessor, the REC N-Peak 2 steps up the already excellent power density and energy yield per m2, giving consumers higher savings on electricity bills and carbon emissions. Like all REC products, the new solar panel is eligible for the extended REC ProTrust Warranty. Production of the REC N-Peak 2 is set to start in August 2021, with shipments arriving at customers worldwide beginning in October. Third new product release in three months from innovator: As a leader of technology in the solar industry, REC keeps driving module innovations forward. Following the launch of the game-changing, lead-free REC Alpha Pure Series, and the fourth generation of the popular REC TwinPeak Series, the new N-Peak 2 is REC's third new product announcement in just three months. It is testament to REC's strong commitment to pioneering solar technology in order to facilitate the global energy transition.N-Peak first-gen: a recap. Higher power output, long-term strength: REC N-Peak 2 uses 120 half-cut mono n-type cells to deliver up to 375 Wp of power. The new product has the same iconic super-strong, slimline frame and support bars that REC uses in its other leading solar panels. This means the N-Peak 2 can support loads of up to 7000 Pa. The new solar panel also takes forward the strong points that have made its predecessor so popular, featuring the same advanced mono n-type cell technology as well as REC's pioneering Twin Design, which delivers better performance in shaded conditions. Improved warranty: The REC N-Peak 2 is also eligible for the REC ProTrust Warranty, a 25-year warranty on each of product, performance and labor for all systems completed by REC Certified Solar Professional installers. REC guarantees power output in year 25 of the panel's service life of at least 92% - ensuring a long bright future for every installation.お知らせ • May 21REC Group Launches Fourth Generation of the Multiple-Award-Winning Twinpeak Solar PanelREC Group announced the launch of the REC TwinPeak 4 Series, the fourth generation of its award-winning premium solar panels for residential and commercial rooftop installations. The latest REC TwinPeak features a new cell structure design and higher power output than its predecessor. Like all REC panels, it is eligible for the comprehensive REC ProTrust warranty package. The REC TwinPeak 4 Series goes into production in May 2021 with deliveries possible from July/August onwards. The new REC TwinPeak 4 improves on the strengths that have made the TwinPeak family such a success, including REC's pioneering Twin Design, which has won multiple awards since its introduction back in 2014. Available in both white and black backsheet variants, the REC TwinPeak 4 Series features a newly designed cell structure, multi-busbar connection, as well as improved nominal power output of up to 375 watt-peak from its 120 half-cut monocrystalline p-type cells. With the same 30 mm frame and support bars already proven in the REC N-Peak and REC Alpha solar panels, the latest REC TwinPeak can now withstand higher loads of +7000 Pa, enabling it to offer best-in-class performance in tough rooftop conditions. The REC TwinPeak 4 Series is eligible for the comprehensive REC ProTrust warranty package, including 25-year warranty on the product, performance and labor, subject to conditions. In addition, the new solar panel comes with an improved power warranty of just 2% maximum power degradation in the first year of operation and 0.5% per year thereafter until year 25, making the REC TwinPeak 4 Series an even more attractive choice.Reported Earnings • May 12First quarter 2021 earnings released: US$0.02 loss per share (vs US$0.04 loss in 1Q 2020)The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: US$28.1m (up 14% from 1Q 2020). Net loss: US$8.60m (loss narrowed 18% from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.Reported Earnings • Mar 29Full year 2020 earnings released: US$0.16 loss per share (vs US$0.47 loss in FY 2019)The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2020 results: Revenue: US$122.1m (down 24% from FY 2019). Net loss: US$46.7m (loss narrowed 63% from FY 2019). Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.お知らせ • Mar 06REC Silicon ASA Approves Election of Kjell Inge Røkke and Lene Landøy as New Members of the BoardThe Extraordinary General Meeting of the shareholders of REC Silicon ASA was held on March 4, 2021. The Annual General Meeting approved the election of Kjell Inge Røkke and Lene Landøy as new members of the board.Reported Earnings • Feb 21Full year 2020 earnings released: US$0.16 loss per share (vs US$0.47 loss in FY 2019)The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2020 results: Revenue: US$122.1m (down 24% from FY 2019). Net loss: US$46.7m (loss narrowed 63% from FY 2019). Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.Analyst Estimate Surprise Post Earnings • Feb 21Revenue misses expectationsRevenue missed analyst estimates by 2.8%. Over the next year, revenue is expected to shrink by 5.4% compared to a 17% growth forecast for the Semiconductor industry in Germany.Is New 90 Day High Low • Feb 08New 90-day high: €2.18The company is up 109% from its price of €1.05 on 10 November 2020. The German market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 30% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €5.69 per share.Is New 90 Day High Low • Jan 08New 90-day high: €1.74The company is up 220% from its price of €0.54 on 09 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 21% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €4.53 per share.Is New 90 Day High Low • Dec 11New 90-day high: €1.12The company is up 212% from its price of €0.36 on 11 September 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 24% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €6.24 per share.お知らせ • Dec 05REC Silicon ASA, Annual General Meeting, May 11, 2021REC Silicon ASA, Annual General Meeting, May 11, 2021.Analyst Estimate Surprise Post Earnings • Oct 30Third-quarter earnings released: Revenue beats expectationsThird-quarter revenue exceeded analyst estimates by 3.4% at US$30.2m. Revenue is forecast to grow 15% over the next year, compared to a 19% growth forecast for the Semiconductor industry in Germany.Reported Earnings • Oct 30Third quarter earnings releasedOver the last 12 months the company has reported total losses of US$65.6m, with losses narrowing by 27% from the prior year. Total revenue was US$117.8m over the last 12 months, down 34% from the prior year.お知らせ • Oct 17Rec Silicon ASA Settles Property Tax Dispute for All Years with Grant County, WashingtonREC Silicon ASA entered into a settlement agreement with Grant County, Washington on October 14, 2020 settling its property tax dispute for the Moses Lake production facility for tax years 2012 through 2015, subsequent years of property taxes are not in dispute. REC Silicon agreed as part of the settlement to pay Grant County USD 3 million by December 15, 2020 and USD 1.75 million each year for the next six years. The settlement is expected to result in a decrease in total liabilities of USD 17.6 million and have a positive non-cash impact on EBITDA of approximately USD 16.0 million which will be reported in the third quarter 2020 financial results.お知らせ • Oct 13+ 1 more updateGroup14 Technologies and REC Silicon ASA Announces U.S. Advanced Silicon Anode Production FacilityGroup14 Technologies and REC Silicon ASA announced the two are partnering to develop a full-scale, co-located commercial production facility at REC Silicon’s Moses Lake plant. The facility underlines Group14 and REC Silicon’s collaboration in relation to ongoing pilot plant production and testing at REC Silicon’s FBR polysilicon and silane gas plant in Moses Lake, WA. The large-scale commercial facility will be the first and largest silicon-carbon anode material plant globally that will enable lithium-silicon batteries and accelerate the electrification of everything. The full-scale facility is expected to break ground in 2021, with the capacity to bring 12,000 tons/year of advanced silicon battery materials to the global Li-ion market by 2023.お知らせ • Sep 08REC Silicon ASA (OB:REC) acquired Sinor As.REC Silicon ASA (OB:REC) acquired Sinor As in 2004. REC Silicon ASA (OB:REC) completed the acquisition of Sinor As in 2004.お知らせ • Aug 18REC Silicon ASA Not to Provide Production or Sales Guidance for the Third Quarter or the Full Year 2020REC Silicon ASA announced that the ultimate impact of COVID-19 on the financial performance of REC Silicon is not reasonably estimable at this time. Accordingly, the company is not providing estimates of production volumes or silicon gas sales volumes for the third quarter or the full year 2020.株主還元R3QDE SemiconductorDE 市場7D-53.3%1.6%-0.2%1Y-92.5%141.2%4.1%株主還元を見る業界別リターン: R3Q過去 1 年間で141.2 % の収益を上げたGerman Semiconductor業界を下回りました。リターン対市場: R3Qは、過去 1 年間で4.1 % のリターンを上げたGerman市場を下回りました。価格変動Is R3Q's price volatile compared to industry and market?R3Q volatilityR3Q Average Weekly Movement53.5%Semiconductor Industry Average Movement9.4%Market Average Movement5.8%10% most volatile stocks in DE Market13.3%10% least volatile stocks in DE Market2.8%安定した株価: R3Qの株価は、 German市場と比較して過去 3 か月間で変動しています。時間の経過による変動: R3Qの 週次ボラティリティ は、過去 1 年間で34%から54%に増加しました。会社概要設立従業員CEO（最高経営責任者ウェブサイト1996495Kurt Levenswww.recsilicon.comREC Silicon ASAは、その子会社とともに、ノルウェー国内および国際的に太陽電池およびエレクトロニクス産業用のシリコン材料を生産・販売している。同社は、フラットパネルディスプレイ、半導体、太陽電池の製造工程で使用されるジクロロシラン、モノクロロシラン、ジシランを含む特殊ガスからなる燃料産業用の製品を製造するシリコンの純粋な形態である様々なシグネチャーシランガスや、ソーラーモジュールの製造における多結晶および単結晶ソーラーインゴットやウェハーの製造に使用されるNextSiを含むソーラーグレードポリシリコンを提供している。また、ハイブリッド車や電気自動車、風力エネルギー、高圧送電、5G通信、高速鉄道、モノのインターネット、ビッグデータなどのモーター制御や電力変換プロセス、メモリープロセッサー、光学、マイクロエレクトロメカニカルシステムに使用される半導体ウェハーの製造に使用されるCzochralskiなど、フロートゾーンをベースとしたデバイスで構成されるエレクトロニクスグレードポリシリコンも提供している。同社は以前、Renewable Energy Corporation ASAとして知られていたが、2013年10月にREC Silicon ASAに社名を変更した。REC Silicon ASAは1996年に設立され、ノルウェーのリサケルに本社を置いている。もっと見るREC Silicon ASA 基礎のまとめREC Silicon の収益と売上を時価総額と比較するとどうか。R3Q 基礎統計学時価総額€95.49m収益（TTM）-€53.08m売上高(TTM)€66.62m1.4xP/Sレシオ-1.8xPER（株価収益率R3Q は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計R3Q 損益計算書（TTM）収益US$76.30m売上原価US$15.00m売上総利益US$61.30mその他の費用US$122.10m収益-US$60.80m直近の収益報告Mar 31, 2026次回決算日Aug 06, 2026一株当たり利益（EPS）-0.013グロス・マージン80.34%純利益率-79.69%有利子負債／自己資本比率-99.5%R3Q の長期的なパフォーマンスは？過去の実績と比較を見るView Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/06/22 14:21終値2026/06/16 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社の Github ページ でご覧いただけます。また、レポートの使い方に関する ガイド や YouTube の チュートリアル もご用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋REC Silicon ASA 1 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。23 アナリスト機関Yi-Ling LiuArete Research Services LLPRupesh MadlaniBarclaysSteve BabureckBNP Paribas20 その他のアナリストを表示
お知らせ • Apr 27REC Silicon ASA, Annual General Meeting, Jun 30, 2026REC Silicon ASA, Annual General Meeting, Jun 30, 2026.
お知らせ • Apr 08REC Silicon ASA has completed a Follow-on Equity Offering in the amount of NOK 972.603 million.REC Silicon ASA has completed a Follow-on Equity Offering in the amount of NOK 972.603 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 4,078,000,000 Price\Range: NOK 0.2385 Transaction Features: Rights Offering
お知らせ • Feb 10REC Silicon ASA has filed a Follow-on Equity Offering in the amount of NOK 972.603 million.REC Silicon ASA has filed a Follow-on Equity Offering in the amount of NOK 972.603 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 4,078,000,000 Price\Range: NOK 0.2385 Discount Per Security: NOK 0.016695 Transaction Features: Rights Offering
お知らせ • Dec 29+ 4 more updatesREC Silicon ASA to Report Q1, 2026 Results on May 07, 2026REC Silicon ASA announced that they will report Q1, 2026 results on May 07, 2026
お知らせ • Jun 25Rec Silicon ASA Approves Appointment of New BoardREC Silicon ASA at its AGM held on June 25, 2025, approved the appointment of new board consists of John Adams (chair), Karina Fossmark, Jane Power, Jens Ulltveit-Moe and Mike Kerschen.
お知らせ • May 23Water Street Capital Issues Open Letter to Shareholders of REC SiliconOn May 23, 2025, Water Street Capital, Inc announced that it has issued a letter to REC Silicon ASA's shareholders announcing its intention to vote against what it believes to be a significantly undervalued proposal from Hanwha Solutions Corporation, REC Silicon's largest shareholder, to purchase all shares of the Company. Water Street stated that it intends to call an Extraordinary General Meeting to investigate the circumstances that led to the termination of Hanwha's 10-year purchase contract with the Company in December 2024 to acquire all polysilicon from its Moses Lake facility and expressed its plan to nominate new directors to the Company's Board at its upcoming Annual General Meeting.
お知らせ • Apr 27REC Silicon ASA, Annual General Meeting, Jun 30, 2026REC Silicon ASA, Annual General Meeting, Jun 30, 2026.
お知らせ • Apr 08REC Silicon ASA has completed a Follow-on Equity Offering in the amount of NOK 972.603 million.REC Silicon ASA has completed a Follow-on Equity Offering in the amount of NOK 972.603 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 4,078,000,000 Price\Range: NOK 0.2385 Transaction Features: Rights Offering
お知らせ • Feb 10REC Silicon ASA has filed a Follow-on Equity Offering in the amount of NOK 972.603 million.REC Silicon ASA has filed a Follow-on Equity Offering in the amount of NOK 972.603 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 4,078,000,000 Price\Range: NOK 0.2385 Discount Per Security: NOK 0.016695 Transaction Features: Rights Offering
お知らせ • Dec 29+ 4 more updatesREC Silicon ASA to Report Q1, 2026 Results on May 07, 2026REC Silicon ASA announced that they will report Q1, 2026 results on May 07, 2026
お知らせ • Jun 25Rec Silicon ASA Approves Appointment of New BoardREC Silicon ASA at its AGM held on June 25, 2025, approved the appointment of new board consists of John Adams (chair), Karina Fossmark, Jane Power, Jens Ulltveit-Moe and Mike Kerschen.
お知らせ • May 23Water Street Capital Issues Open Letter to Shareholders of REC SiliconOn May 23, 2025, Water Street Capital, Inc announced that it has issued a letter to REC Silicon ASA's shareholders announcing its intention to vote against what it believes to be a significantly undervalued proposal from Hanwha Solutions Corporation, REC Silicon's largest shareholder, to purchase all shares of the Company. Water Street stated that it intends to call an Extraordinary General Meeting to investigate the circumstances that led to the termination of Hanwha's 10-year purchase contract with the Company in December 2024 to acquire all polysilicon from its Moses Lake facility and expressed its plan to nominate new directors to the Company's Board at its upcoming Annual General Meeting.
お知らせ • Apr 28Hanwha Group Intends to Delist REC Silicon ASAHanwha Group has reached a rescue deal to fully acquire troubled Norwegian silicon materials REC Silicon ASA via an offer valuing the target company at NOK 925 million (USD 88.7m/EUR 78.1m). Following the transaction, Hanwha intends to delist the firm. The offer is subject to an acceptance level allowing the bidder to secure over 90% of REC.
お知らせ • Apr 25Hanwha Solutions Corporation (KOSE:A009830) and Hanwha Corporation (KOSE:A000880) announces the agreement to acquire an remaining 66.67% stake in REC Silicon ASA (OB:RECSI) for approximately NOK 620 million.Hanwha Solutions Corporation (KOSE:A009830) and Hanwha Corporation (KOSE:A000880) announces the agreement to acquire an remaining 66.67% stake in REC Silicon ASA (OB:RECSI) for approximately NOK 620 million on April 24, 2025. A cash consideration valued at NOK 2.2 per share will be paid by Hanwha Solutions Corporation and Hanwha Corporation. The Offeror has received pre-commitments to accept the Offer from Hanwha Corporation and Hanwha Solutions Corporation, who together hold Shares representing approximately 33.33% of the Shares as at the date of this announcement. The Offer will be subject to conditions, including but not limited to the Offer being accepted to such extent that the Offeror becomes the owner of Shares representing more than 90% of the Shares and voting rights in the Company. If as a result of the Offer, the Offeror acquires and holds more than 90% of all Shares representing more than 90% of the voting rights in the Company, the Offeror will have the right and intends to carry out a compulsory acquisition of the remaining Shares. Also, if, as a result of the Offer or otherwise, the Offeror holds a sufficient majority of the Shares, the Offeror intends to propose that the general meeting of the Company passes a resolution to apply to de-list the Shares from the Oslo Stock Exchange. The Offer will be financed by liquidity resources available to the Offeror. The Offer is not subject to any conditions as to financing or due diligence. The Board of REC Silicon has unanimously resolved that it recommends the Shareholders to accept the Offer. The Board believes the terms of the Offer are in the best interests of the Company and the Shareholders as a whole based on an assessment of various factors, including but not limited. The Offeror's obligation to launch the Offer is subject to the following conditions, which are for the sole benefit of the Offeror and may be waived, in whole or in part, by the Offeror: (i) The Pre-Acceptances remain valid and in full force; (ii) No breach of the Transaction Agreement; and (iii) That the conditions for completion of the Offer (the "Closing Conditions") shall not have been made impossible to satisfy and the Closing Conditions (ii) to (viii) below shall remain fulfilled at all times. The initial offer period in the Offer will commence following publication of the Offer Document and is expected to last for 20 business days (the "Offer Period"), subject to any extensions by the Offeror (one or more times and at its sole discretion) up to a maximum offer period of up to 10 weeks. DNB Markets, a part of DNB Bank ASA is acting as financial advisor and receiving agent and Advokatfirmaet Wiersholm AS is acting as legal advisor to the Offeror. Arctic Securities AS is acting as financial advisor and Advokatfirmaet Schjødt AS is acting as legal advisor to the Company. In making its recommendation, the Board has received a fairness opinion from Arctic Securities AS, as an independent third party, concluding that the Offer is fair from a financial point of view.
お知らせ • Jan 02REC Silicon ASA Ceasing of Production at Moses Lake, Washington Facility and Transitioning to Pure-Play Silicon Gas ProducerREC Silicon ASA announced that it is ceasing production at its Moses Lake, Washington facility. Production of polysilicon will be discontinued at the Moses Lake facility, while equipment involved in production of silicon gases will be maintained in a safe and recoverable mode that incurs minimal interim costs, allowing the unit to restart with reasonable notice. This will give the Company the flexibility to capitalize on future customer demand for Silicon Anode or other gases while minimizing near-term operational costs. This announcement follows the Company's decision to shut down polysilicon production at its Butte, Montana facility in February 2024. Once the shutdown process at the Moses Lake facility is complete, REC Silicon will have completely discontinued the production of polysilicon at both facilities. Moving forward, REC Silicon will focus its business efforts on silicon gases where the Company has clear strength, market positioning, and product differentiation. The Company is prioritizing driving costs out of its silicon gas assets and optimizing production, with a goal to return to profitability. Production Issues at the Moses Lake Facility: The shutdown of the Moses Lake facility follows numerous, previously disclosed efforts to improve the level of some key impurities that resulted primarily from the post-reactor product finishing and handling systems. Initiatives included changing contact materials, procedures, operating conditions and parameters, passivation measures and bypassing equipment; and bringing in third-party resources to assist in evaluating and mitigating the situation. However, the Company was unsuccessful in its attempts to fully rectify the issues and ultimately received an unsuccessful qualification test, as announced on December 17, 2024. After further discussion with its customer, the customer is not able to wait any longer for delivery of product that consistently meets the requirements at the correct levels and can be delivered at the needed volumes. There are currently no other customers in the USA and limited customers outside of China, all of which are not options at this time due to product quality, market and contract conditions and timing of potential need. The Company and its customer are therefore now in advanced discussions regarding the cancellation of its contract, including the elimination of any penalties and a deferral of the repayment of the initial pre-payment. The company will provide more information as it is available. REC Silicon immediately began a review of strategic options to address financial and operational challenges, including additional operational adjustments, contractual re-negotiations, financing options, and other mitigative actions. That review has yielded the following conclusions: Given the high fixed costs involved in operating the facility and uncertainty related to the timing and quantifiable success of further improvements in its product handling process, as well as the available customer base, a shutdown of the Moses Lake facility is the best way to maintain strategic optionality and financial flexibility. The Company sought additional financing options for support during this period of transition and to fund the shutdown process and the Company announced that it is in advanced discussions with its largest shareholder regarding a potential short-term loan. In keeping with its long relationships and significant continuing presence in the semiconductor materials supply chain, the company will execute the shutdown in a manner that balances the best interests of all stakeholders. The Company expects the shutdown of the Moses Lake facility to start immediately and could take about three months and that the workforce in Moses Lake, along with some other employees who support the Moses Lake business line, will be reduced accordingly. The Company will provide additional information to impacted stakeholders as it becomes available.
お知らせ • Dec 23REC Silicon ASA, Annual General Meeting, May 08, 2025REC Silicon ASA, Annual General Meeting, May 08, 2025.
お知らせ • Dec 21+ 4 more updatesREC Silicon ASA to Report Fiscal Year 2024 Results on Mar 20, 2025REC Silicon ASA announced that they will report fiscal year 2024 results on Mar 20, 2025
Reported Earnings • Nov 13Third quarter 2024 earnings released: US$0.13 loss per share (vs US$0.06 loss in 3Q 2023)Third quarter 2024 results: US$0.13 loss per share (further deteriorated from US$0.06 loss in 3Q 2023). Revenue: US$33.8m (down 2.9% from 3Q 2023). Net loss: US$52.6m (loss widened 112% from 3Q 2023). Revenue is forecast to grow 58% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 37% per year, which means it is significantly lagging earnings.
New Risk • Sep 17New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 12% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Negative equity (-US$15m). Minor Risk Less than 1 year of cash runway based on current free cash flow (-US$245m).
Reported Earnings • Aug 09Second quarter 2024 earnings released: US$0.12 loss per share (vs US$0.03 loss in 2Q 2023)Second quarter 2024 results: US$0.12 loss per share (further deteriorated from US$0.03 loss in 2Q 2023). Revenue: US$37.7m (up 2.7% from 2Q 2023). Net loss: US$50.7m (loss widened 245% from 2Q 2023). Revenue is forecast to grow 50% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings.
Board Change • Jun 25High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Independent Director Renate Oberhoffer-Fritz is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
お知らせ • May 15REC Silicon ASA Announces Board AppointmentsREC Silicon ASA at its annual general meeting held on 14 May 2024, announced the following are elected as board members for a period until the annual general meeting of2025: Jooyong Chung (Deputy Chair), Vivian Bertseka and Robert Neuhauser.
New Risk • Feb 15New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (202% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (6.9% average weekly change).
New Risk • Feb 09New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (202% accrual ratio).
Reported Earnings • Feb 09Full year 2023 earnings released: EPS: US$0.07 (vs US$0.21 loss in FY 2022)Full year 2023 results: EPS: US$0.07 (up from US$0.21 loss in FY 2022). Revenue: US$141.1m (down 4.5% from FY 2022). Net income: US$30.5m (up US$117.4m from FY 2022). Profit margin: 22% (up from net loss in FY 2022). Revenue is forecast to grow 61% p.a. on average during the next 2 years, compared to a 8.2% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 25% per year, which means it is performing significantly worse than earnings.
お知らせ • Dec 06+ 5 more updatesREC Silicon ASA to Report Q3, 2024 Results on Nov 07, 2024REC Silicon ASA announced that they will report Q3, 2024 results on Nov 07, 2024
New Risk • Nov 20New major risk - Negative shareholders equityThe company has negative equity. Total equity: -US$12m This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risk Negative equity (-US$12m). Minor Risk Less than 1 year of cash runway based on current free cash flow (-US$181m).
Reported Earnings • Nov 17Third quarter 2023 earnings released: US$0.06 loss per share (vs US$0.07 loss in 3Q 2022)Third quarter 2023 results: US$0.06 loss per share (improved from US$0.07 loss in 3Q 2022). Revenue: US$34.8m (down 5.2% from 3Q 2022). Net loss: US$24.8m (loss narrowed 13% from 3Q 2022). Revenue is forecast to grow 32% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.
お知らせ • Sep 21REC Silicon ASA(OB:RECSI) dropped from Oslo OBX Total Return IndexREC Silicon ASA has been removed from Oslo OBX Index
Reported Earnings • Aug 16Second quarter 2023 earnings released: US$0.03 loss per share (vs US$0.06 loss in 2Q 2022)Second quarter 2023 results: US$0.03 loss per share (improved from US$0.06 loss in 2Q 2022). Revenue: US$36.7m (down 18% from 2Q 2022). Net loss: US$14.7m (loss narrowed 38% from 2Q 2022). Revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 66% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • May 12First quarter 2023 earnings released: US$0.08 loss per share (vs US$0.02 loss in 1Q 2022)First quarter 2023 results: US$0.08 loss per share (further deteriorated from US$0.02 loss in 1Q 2022). Revenue: US$29.1m (down 16% from 1Q 2022). Net loss: US$34.4m (loss widened 295% from 1Q 2022). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 70% per year, which means it is tracking significantly ahead of earnings growth.
Breakeven Date Change • May 11Forecast to breakeven in 2024The analyst covering REC Silicon expects the company to break even for the first time. New forecast suggests the company will make a profit of US$41.0m in 2024. Average annual earnings growth of 91% is required to achieve expected profit on schedule.
Reported Earnings • Mar 27Full year 2022 earnings released: US$0.21 loss per share (vs US$0.12 loss in FY 2021)Full year 2022 results: US$0.21 loss per share (further deteriorated from US$0.12 loss in FY 2021). Revenue: US$147.8m (up 3.2% from FY 2021). Net loss: US$86.9m (loss widened 100% from FY 2021). Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has increased by 85% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Feb 24Full year 2022 earnings released: US$0.21 loss per share (vs US$0.12 loss in FY 2021)Full year 2022 results: US$0.21 loss per share (further deteriorated from US$0.12 loss in FY 2021). Revenue: US$147.8m (up 3.2% from FY 2021). Net loss: US$86.9m (loss widened 100% from FY 2021). Revenue is forecast to grow 56% p.a. on average during the next 2 years, compared to a 8.8% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has increased by 50% per year, which means it is tracking significantly ahead of earnings growth.
Buying Opportunity • Feb 24Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 29%. The fair value is estimated to be €1.61, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.9% over the last 3 years. Earnings per share has grown by 43%. Revenue is forecast to grow by 32% in a year. Earnings is forecast to grow by 34% in the next year.
お知らせ • Nov 18+ 1 more updateREC Silicon ASA to Report Q4, 2022 Results on Feb 23, 2023REC Silicon ASA announced that they will report Q4, 2022 results at 12:00 PM, Central European Standard Time on Feb 23, 2023
Reported Earnings • Nov 17Third quarter 2022 earnings released: US$0.07 loss per share (vs US$0.04 loss in 3Q 2021)Third quarter 2022 results: US$0.07 loss per share (further deteriorated from US$0.04 loss in 3Q 2021). Revenue: US$36.7m (up 1.4% from 3Q 2021). Net loss: US$28.6m (loss widened 74% from 3Q 2021). Revenue is forecast to grow 34% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has increased by 83% per year, which means it is tracking significantly ahead of earnings growth.
Board Change • Nov 16High number of new and inexperienced directorsThere are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Independent Director Renate Oberhoffer-Fritz is the most experienced director on the board, commencing their role in 2022. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model.
Board Change • Nov 02High number of new and inexperienced directorsThere are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Independent Director Renate Oberhoffer-Fritz is the most experienced director on the board, commencing their role in 2022. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Aug 18Second quarter 2022 earnings released: US$0.06 loss per share (vs US$0.015 loss in 2Q 2021)Second quarter 2022 results: US$0.06 loss per share (down from US$0.015 loss in 2Q 2021). Revenue: US$45.0m (up 26% from 2Q 2021). Net loss: US$23.6m (loss widened 337% from 2Q 2021). Over the next year, revenue is forecast to grow 15%, compared to a 12% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has increased by 74% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • May 28First quarter 2022 earnings released: US$0.02 loss per share (vs US$0.02 loss in 1Q 2021)First quarter 2022 results: US$0.02 loss per share (vs US$0.02 loss in 1Q 2021). Revenue: US$34.6m (up 23% from 1Q 2021). Net loss: US$8.70m (loss widened 1.2% from 1Q 2021). Over the next year, revenue is forecast to grow 10%, compared to a 13% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 64% per year, which means it is significantly lagging earnings growth.
Board Change • Apr 27High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Independent Director Audun Stensvold is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
お知らせ • Apr 13REC Silicon ASA, Annual General Meeting, Jun 15, 2022REC Silicon ASA, Annual General Meeting, Jun 15, 2022.
Reported Earnings • Mar 28Full year 2021 earnings released: US$0.12 loss per share (vs US$0.16 loss in FY 2020)Full year 2021 results: US$0.12 loss per share (up from US$0.16 loss in FY 2020). Revenue: US$143.2m (up 17% from FY 2020). Net loss: US$43.5m (loss narrowed 6.9% from FY 2020). Over the next year, revenue is forecast to grow 37%, compared to a 16% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Feb 19Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: US$0.12 loss per share (up from US$0.16 loss in FY 2020). Revenue: US$143.2m (up 17% from FY 2020). Net loss: US$43.5m (loss narrowed 6.9% from FY 2020). Revenue exceeded analyst estimates by 6.0%. Over the next year, revenue is forecast to grow 36%, compared to a 16% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth.
Breakeven Date Change • Feb 18Forecast to breakeven in 2023The analyst covering REC Silicon expects the company to break even for the first time. New forecast suggests the company will make a profit of US$44.0m in 2023. Average annual earnings growth of 93% is required to achieve expected profit on schedule.
Buying Opportunity • Jan 15Now 22% undervaluedOver the last 90 days, the stock is up 16%. The fair value is estimated to be US$2.07, however is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 24% per annum over the last 3 years. Earnings per share has grown by 89% per annum over the last 3 years.
Reported Earnings • Oct 21Third quarter 2021 earnings released: US$0.055 loss per share (vs US$0.11 profit in 3Q 2020)The company reported a soft third quarter result with weaker earnings and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: US$36.2m (up 20% from 3Q 2020). Net loss: US$16.4m (down 153% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth.
Breakeven Date Change • Sep 23Forecast to breakeven in 2023The 2 analysts covering REC Silicon expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of US$34.4m in 2023. Average annual earnings growth of 82% is required to achieve expected profit on schedule.
お知らせ • Aug 31Reliance Industries Reportedly Eyes Billion-Bollar REC Buy from ChemChina for Solar PushReliance Industries Limited (NSEI:RELIANCE) is close to acquiring REC Silicon ASA (OB:RECSI) (REC Group), the largest solar panel manufacturer in Europe, for $1 billion - $1.2 billion from China National Chemical Corp. (ChemChina), said people aware of the matter. The purchase will help RIL access cutting-edge technology and global manufacturing capabilities as it continues with its recently-announced march into green energy, they said. Reliance is in talks with global banks to raise $500 million - $600 million in acquisition financing for the transaction, while the rest will be funded via equity.
Reported Earnings • Jul 23Second quarter 2021 earnings released: US$0.01 loss per share (vs US$0.14 loss in 2Q 2020)The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: US$35.6m (up 15% from 2Q 2020). Net loss: US$5.40m (loss narrowed 87% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth.
お知らせ • Jul 16REC Group Launches Second Generation N-Peak Solar PanelREC Group announced the launch of the REC N-Peak 2, the second generation of its n-type TOPCon cell-based solar panels. Building on the success of its predecessor, the REC N-Peak 2 steps up the already excellent power density and energy yield per m2, giving consumers higher savings on electricity bills and carbon emissions. Like all REC products, the new solar panel is eligible for the extended REC ProTrust Warranty. Production of the REC N-Peak 2 is set to start in August 2021, with shipments arriving at customers worldwide beginning in October. Third new product release in three months from innovator: As a leader of technology in the solar industry, REC keeps driving module innovations forward. Following the launch of the game-changing, lead-free REC Alpha Pure Series, and the fourth generation of the popular REC TwinPeak Series, the new N-Peak 2 is REC's third new product announcement in just three months. It is testament to REC's strong commitment to pioneering solar technology in order to facilitate the global energy transition.N-Peak first-gen: a recap. Higher power output, long-term strength: REC N-Peak 2 uses 120 half-cut mono n-type cells to deliver up to 375 Wp of power. The new product has the same iconic super-strong, slimline frame and support bars that REC uses in its other leading solar panels. This means the N-Peak 2 can support loads of up to 7000 Pa. The new solar panel also takes forward the strong points that have made its predecessor so popular, featuring the same advanced mono n-type cell technology as well as REC's pioneering Twin Design, which delivers better performance in shaded conditions. Improved warranty: The REC N-Peak 2 is also eligible for the REC ProTrust Warranty, a 25-year warranty on each of product, performance and labor for all systems completed by REC Certified Solar Professional installers. REC guarantees power output in year 25 of the panel's service life of at least 92% - ensuring a long bright future for every installation.
お知らせ • May 21REC Group Launches Fourth Generation of the Multiple-Award-Winning Twinpeak Solar PanelREC Group announced the launch of the REC TwinPeak 4 Series, the fourth generation of its award-winning premium solar panels for residential and commercial rooftop installations. The latest REC TwinPeak features a new cell structure design and higher power output than its predecessor. Like all REC panels, it is eligible for the comprehensive REC ProTrust warranty package. The REC TwinPeak 4 Series goes into production in May 2021 with deliveries possible from July/August onwards. The new REC TwinPeak 4 improves on the strengths that have made the TwinPeak family such a success, including REC's pioneering Twin Design, which has won multiple awards since its introduction back in 2014. Available in both white and black backsheet variants, the REC TwinPeak 4 Series features a newly designed cell structure, multi-busbar connection, as well as improved nominal power output of up to 375 watt-peak from its 120 half-cut monocrystalline p-type cells. With the same 30 mm frame and support bars already proven in the REC N-Peak and REC Alpha solar panels, the latest REC TwinPeak can now withstand higher loads of +7000 Pa, enabling it to offer best-in-class performance in tough rooftop conditions. The REC TwinPeak 4 Series is eligible for the comprehensive REC ProTrust warranty package, including 25-year warranty on the product, performance and labor, subject to conditions. In addition, the new solar panel comes with an improved power warranty of just 2% maximum power degradation in the first year of operation and 0.5% per year thereafter until year 25, making the REC TwinPeak 4 Series an even more attractive choice.
Reported Earnings • May 12First quarter 2021 earnings released: US$0.02 loss per share (vs US$0.04 loss in 1Q 2020)The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: US$28.1m (up 14% from 1Q 2020). Net loss: US$8.60m (loss narrowed 18% from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Mar 29Full year 2020 earnings released: US$0.16 loss per share (vs US$0.47 loss in FY 2019)The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2020 results: Revenue: US$122.1m (down 24% from FY 2019). Net loss: US$46.7m (loss narrowed 63% from FY 2019). Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
お知らせ • Mar 06REC Silicon ASA Approves Election of Kjell Inge Røkke and Lene Landøy as New Members of the BoardThe Extraordinary General Meeting of the shareholders of REC Silicon ASA was held on March 4, 2021. The Annual General Meeting approved the election of Kjell Inge Røkke and Lene Landøy as new members of the board.
Reported Earnings • Feb 21Full year 2020 earnings released: US$0.16 loss per share (vs US$0.47 loss in FY 2019)The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2020 results: Revenue: US$122.1m (down 24% from FY 2019). Net loss: US$46.7m (loss narrowed 63% from FY 2019). Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.
Analyst Estimate Surprise Post Earnings • Feb 21Revenue misses expectationsRevenue missed analyst estimates by 2.8%. Over the next year, revenue is expected to shrink by 5.4% compared to a 17% growth forecast for the Semiconductor industry in Germany.
Is New 90 Day High Low • Feb 08New 90-day high: €2.18The company is up 109% from its price of €1.05 on 10 November 2020. The German market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 30% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €5.69 per share.
Is New 90 Day High Low • Jan 08New 90-day high: €1.74The company is up 220% from its price of €0.54 on 09 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 21% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €4.53 per share.
Is New 90 Day High Low • Dec 11New 90-day high: €1.12The company is up 212% from its price of €0.36 on 11 September 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 24% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €6.24 per share.
お知らせ • Dec 05REC Silicon ASA, Annual General Meeting, May 11, 2021REC Silicon ASA, Annual General Meeting, May 11, 2021.
Analyst Estimate Surprise Post Earnings • Oct 30Third-quarter earnings released: Revenue beats expectationsThird-quarter revenue exceeded analyst estimates by 3.4% at US$30.2m. Revenue is forecast to grow 15% over the next year, compared to a 19% growth forecast for the Semiconductor industry in Germany.
Reported Earnings • Oct 30Third quarter earnings releasedOver the last 12 months the company has reported total losses of US$65.6m, with losses narrowing by 27% from the prior year. Total revenue was US$117.8m over the last 12 months, down 34% from the prior year.
お知らせ • Oct 17Rec Silicon ASA Settles Property Tax Dispute for All Years with Grant County, WashingtonREC Silicon ASA entered into a settlement agreement with Grant County, Washington on October 14, 2020 settling its property tax dispute for the Moses Lake production facility for tax years 2012 through 2015, subsequent years of property taxes are not in dispute. REC Silicon agreed as part of the settlement to pay Grant County USD 3 million by December 15, 2020 and USD 1.75 million each year for the next six years. The settlement is expected to result in a decrease in total liabilities of USD 17.6 million and have a positive non-cash impact on EBITDA of approximately USD 16.0 million which will be reported in the third quarter 2020 financial results.
お知らせ • Oct 13+ 1 more updateGroup14 Technologies and REC Silicon ASA Announces U.S. Advanced Silicon Anode Production FacilityGroup14 Technologies and REC Silicon ASA announced the two are partnering to develop a full-scale, co-located commercial production facility at REC Silicon’s Moses Lake plant. The facility underlines Group14 and REC Silicon’s collaboration in relation to ongoing pilot plant production and testing at REC Silicon’s FBR polysilicon and silane gas plant in Moses Lake, WA. The large-scale commercial facility will be the first and largest silicon-carbon anode material plant globally that will enable lithium-silicon batteries and accelerate the electrification of everything. The full-scale facility is expected to break ground in 2021, with the capacity to bring 12,000 tons/year of advanced silicon battery materials to the global Li-ion market by 2023.
お知らせ • Sep 08REC Silicon ASA (OB:REC) acquired Sinor As.REC Silicon ASA (OB:REC) acquired Sinor As in 2004. REC Silicon ASA (OB:REC) completed the acquisition of Sinor As in 2004.
お知らせ • Aug 18REC Silicon ASA Not to Provide Production or Sales Guidance for the Third Quarter or the Full Year 2020REC Silicon ASA announced that the ultimate impact of COVID-19 on the financial performance of REC Silicon is not reasonably estimable at this time. Accordingly, the company is not providing estimates of production volumes or silicon gas sales volumes for the third quarter or the full year 2020.
