This company listing is no longer activeThis company may still be operating, however this listing is no longer active. Find out why through their latest events.See Latest EventsREC Silicon（RECSI）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RECSI 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 すべてのリスクチェックを見るRECSI Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.NEW489,177 membersJoin community and earn perksGain real feedbackFrom our editorial team, personally. Not silence.Grow your followingReal investors. The kind who actually invest, not scroll past.Unlock free accessFree premium subscription for consistent and quality authors.Learn moreCreate NarrativeINBLROAG489,177 investors already sharing narrativesYour Fair ValueNOK Current PriceNOK 0.2353.3% 割高 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$8.3mAdvancedSet Fair ValueView all narrativesREC Silicon ASA 競合他社DSKSymbol: KOSDAQ:A109740Market cap: ₩145.5bLOT VACUUMSymbol: KOSDAQ:A083310Market cap: ₩168.9bTESECSymbol: TSE:6337Market cap: JP¥13.7bHB SOLUTIONSymbol: KOSDAQ:A297890Market cap: ₩140.6b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 0.2352週高値NOK 2.6652週安値NOK 0.21ベータ-0.101ヶ月の変化-6.69%3ヶ月変化-17.86%1年変化-89.27%3年間の変化-98.60%5年間の変化-98.79%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.分析記事 • Apr 04There's No Escaping REC Silicon ASA's (OB:RECSI) Muted Revenues Despite A 33% Share Price RiseREC Silicon ASA ( OB:RECSI ) shareholders are no doubt pleased to see that the share price has bounced 33% in the last...Board Change • Mar 31High 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 • 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, 2025New Risk • Dec 18New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: kr1.07b (US$95.4m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (24% average weekly change). Negative equity (-US$67m). Minor Risks Less than 1 year of cash runway based on current free cash flow (-US$272m). Market cap is less than US$100m (kr1.07b market cap, or US$95.4m).分析記事 • Dec 12Investors Still Aren't Entirely Convinced By REC Silicon ASA's (OB:RECSI) Revenues Despite 41% Price JumpREC Silicon ASA ( OB:RECSI ) shareholders are no doubt pleased to see that the share price has bounced 41% in the last...Major Estimate Revision • Dec 03Consensus revenue estimates fall by 27%The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$205.7m to US$149.5m. Forecast losses increased from -US$0.36 to -US$0.468 per share. Semiconductor industry in Norway expected to see average net income growth of 12% next year. Consensus price target of kr5.00 unchanged from last update. Share price was steady at kr4.21 over the past week.Major Estimate Revision • Nov 24Consensus revenue estimates increase by 36%The consensus outlook for revenues in fiscal year 2024 has improved. 2024 revenue forecast increased from US$150.5m to US$205.0m. Forecast losses expected to reduce from -US$0.471 to -US$0.359 per share. Semiconductor industry in Norway expected to see average net income growth of 12% next year. Consensus price target of kr5.00 unchanged from last update. Share price fell 3.4% to kr4.29 over the past week.Reported Earnings • Nov 12Third quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behindThird 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 missed analyst estimates by 24%. Earnings per share (EPS) exceeded analyst estimates by 1.9%. Revenue is forecast to grow 58% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Semiconductor industry in Europe. 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 34% per year, which means it is significantly lagging earnings.Major Estimate Revision • Nov 07Consensus revenue estimates fall by 22%The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$203.2m to US$159.4m. Forecast losses increased from -US$0.356 to -US$0.495 per share. Semiconductor industry in Norway expected to see average net income growth of 2.3% next year. Consensus price target down from kr13.00 to kr8.00. Share price fell 37% to kr5.00 over the past week.New Risk • Sep 16New 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 Norwegian 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).分析記事 • Sep 06Slammed 26% REC Silicon ASA (OB:RECSI) Screens Well Here But There Might Be A CatchREC Silicon ASA ( OB:RECSI ) shareholders that were waiting for something to happen have been dealt a blow with a 26...分析記事 • Aug 21The Consensus EPS Estimates For REC Silicon ASA (OB:RECSI) Just Fell A LotToday is shaping up negative for REC Silicon ASA ( OB:RECSI ) shareholders, with the covering analyst delivering a...Major Estimate Revision • Aug 20Consensus revenue estimates fall by 12%The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$234.9m to US$206.0m. Forecast losses increased from -US$0.319 to -US$0.36 per share. Semiconductor industry in Norway expected to see average net income growth of 8.6% next year. Consensus price target down from kr17.00 to kr13.00. Share price was steady at kr7.14 over the past week.New Risk • Aug 09New major risk - Negative shareholders equityThe company has negative equity. Total equity: -US$15m 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$15m). Minor Risks Less than 1 year of cash runway based on current free cash flow (-US$245m). Share price has been volatile over the past 3 months (7.6% average weekly change).Valuation Update With 7 Day Price Move • Jul 31Investor sentiment improves as stock rises 16%After last week's 16% share price gain to kr8.95, the stock trades at a trailing P/E ratio of 14.1x. Average forward P/E is 13x in the Semiconductor industry in Europe. Total loss to shareholders of 48% over the past three years.Major Estimate Revision • Jul 04Consensus revenue estimates fall by 19%The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$289.7m to US$235.6m. Forecast losses increased from -US$0.176 to -US$0.32 per share. Semiconductor industry in Norway expected to see average net income growth of 0.09% next year. Consensus price target down from kr24.00 to kr17.00. Share price rose 5.8% to kr7.36 over the past week.Price Target Changed • Jul 02Price target decreased by 32% to kr17.00Down from kr25.00, the current price target is provided by 1 analyst. New target price is 144% above last closing price of kr6.98. Stock is down 57% over the past year. The company is forecast to post a net loss per share of US$0.32 compared to earnings per share of US$0.073 last year.分析記事 • Jun 26Investors Give REC Silicon ASA (OB:RECSI) Shares A 26% HidingTo the annoyance of some shareholders, REC Silicon ASA ( OB:RECSI ) shares are down a considerable 26% in the last...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.Valuation Update With 7 Day Price Move • Feb 21Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to kr10.00, the stock trades at a trailing P/E ratio of 13.2x. Average forward P/E is 16x in the Semiconductor industry in Europe. Total loss to shareholders of 43% over the past three years.Major Estimate Revision • Feb 16Consensus EPS estimates have been downgraded.The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$364.1m to US$351.0m. Now expected to report a loss of US$0.017 per share instead of US$0.033 per share profit previously forecast. Semiconductor industry in Norway expected to see average net income decline 12% next year. Consensus price target of kr25.00 unchanged from last update. Share price was steady at kr11.32 over the past week.分析記事 • Feb 15There Are Some Reasons To Suggest That REC Silicon's (OB:RECSI) Earnings Are A Poor Reflection Of ProfitabilityFollowing the release of a positive earnings report recently, REC Silicon ASA's ( OB:RECSI ) stock performed well...Reported Earnings • Feb 09Full year 2023 earnings: EPS and revenues exceed analyst expectationsFull 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 exceeded analyst estimates by 2.1%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is forecast to grow 61% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Semiconductor industry in Europe. 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 19% per year, which means it is performing significantly worse than earnings.Major Estimate Revision • Feb 08Consensus EPS estimates fall by 42%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$392.7m to US$361.7m. EPS estimate also fell from US$0.056 per share to US$0.033 per share. Net income forecast to grow 84% next year vs 6.5% decline forecast for Semiconductor industry in Norway. Consensus price target down from kr30.00 to kr25.00. Share price fell 11% to kr11.08 over the past week.分析記事 • Jan 18REC Silicon ASA's (OB:RECSI) P/S Still Appears To Be ReasonableWhen close to half the companies in the Semiconductor industry in Norway have price-to-sales ratios (or "P/S") below...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).Major Estimate Revision • Nov 19Consensus revenue estimates fall by 12%The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from US$152.6m to US$134.5m. Forecast losses increased from -US$0.22 to -US$0.242 per share. Semiconductor industry in Norway expected to see average net income decline 0.7% next year. Consensus price target of kr30.00 unchanged from last update. Share price fell 4.7% to kr13.70 over the past week.Reported Earnings • Nov 17Third quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behindThird 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 missed analyst estimates by 15%. Earnings per share (EPS) exceeded analyst estimates by 7.4%. Revenue is forecast to grow 32% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Semiconductor industry in Europe. 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 9% 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: EPS and revenues exceed analyst expectationsSecond 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 exceeded analyst estimates by 18%. Earnings per share (EPS) also surpassed analyst estimates by 56%. Revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Semiconductor industry in Europe. 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 75% per year, which means it is tracking significantly ahead of earnings growth.分析記事 • Jun 01Why Investors Shouldn't Be Surprised By REC Silicon ASA's (OB:RECSI) P/SWhen close to half the companies in the Semiconductor industry in Norway have price-to-sales ratios (or "P/S") below...Reported Earnings • May 12First quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behindFirst 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). Revenue exceeded analyst estimates by 14%. Earnings per share (EPS) missed analyst estimates by 45%. 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 73% per year, which means it is tracking significantly ahead of earnings growth.Buying Opportunity • Apr 03Now 21% undervaluedOver the last 90 days, the stock is up 21%. The fair value is estimated to be kr21.70, 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 13% in a year. Earnings is forecast to grow by 16% in the next year.Reported Earnings • Mar 27Full year 2022 earnings: EPS and revenues miss analyst expectationsFull 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 missed analyst estimates by 3.5%. Earnings per share (EPS) also missed analyst estimates by 15%. Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Semiconductor industry in Europe. 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 79% per year, which means it is tracking significantly ahead of earnings growth.Buying Opportunity • Mar 10Now 23% undervaluedOver the last 90 days, the stock is up 6.2%. The fair value is estimated to be kr22.70, 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 13% in a year. Earnings is forecast to grow by 16% in the next year.Major Estimate Revision • Mar 02Consensus revenue estimates fall by 15%The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from US$196.4m to US$166.9m. Forecast losses increased from -US$0.134 to -US$0.149 per share. Semiconductor industry in Norway expected to see average net income growth of 22% next year. Consensus price target down from kr36.00 to kr27.00. Share price rose 6.8% to kr16.95 over the past week.分析記事 • Feb 25Need To Know: This Analyst Just Made A Substantial Cut To Their REC Silicon ASA (OB:RECSI) EstimatesToday is shaping up negative for REC Silicon ASA ( OB:RECSI ) shareholders, with the covering analyst delivering a...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 27% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Semiconductor industry in Europe. 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 59% per year, which means it is tracking significantly ahead of earnings growth.Price Target Changed • Feb 21Price target decreased by 8.3% to kr33.00Down from kr36.00, the current price target is provided by 1 analyst. New target price is 123% above last closing price of kr14.82. Stock is up 7.9% over the past year. The company is forecast to post a net loss per share of US$0.18 next year compared to a net loss per share of US$0.12 last year.Buying Opportunity • Feb 20Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 13%. The fair value is estimated to be kr18.65, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 48%. Revenue is forecast to grow by 18% in a year. Earnings is forecast to grow by 10% in the next year.Major Estimate Revision • Nov 25Consensus estimates of losses per share improve by 39%The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from US$154.6m to US$164.3m. EPS estimate increased from -US$0.18 per share to -US$0.11 per share. Semiconductor industry in Norway expected to see average net income growth of 20% next year. Consensus price target of kr36.00 unchanged from last update. Share price rose 8.9% to kr17.55 over the past week.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: EPS and revenues miss analyst expectationsThird 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 missed analyst estimates by 6.3%. Earnings per share (EPS) also missed analyst estimates. Revenue is forecast to grow 34% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Semiconductor industry in Europe. 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 81% per year, which means it is tracking significantly ahead of earnings growth.Major Estimate Revision • Nov 16Consensus EPS estimates fall by 59%The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from US$168.4m to US$153.2m. Losses expected to increase from US$0.11 per share to US$0.18. Semiconductor industry in Norway expected to see average net income growth of 19% next year. Consensus price target of kr36.00 unchanged from last update. Share price fell 9.5% to kr18.10 over the past week.Price Target Changed • Nov 16Price target increased to kr36.00Up from kr33.00, the current price target is provided by 1 analyst. New target price is 99% above last closing price of kr18.10. Stock is up 20% over the past year. The company is forecast to post a net loss per share of US$0.11 next year compared to a net loss per share of US$0.12 last year.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.分析記事 • Sep 28Is REC Silicon (OB:RECSI) A Risky Investment?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...Reported Earnings • Aug 18Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindSecond 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). Revenue exceeded analyst estimates by 28%. Earnings per share (EPS) missed analyst estimates by 199%. Over the next year, revenue is forecast to grow 15%, compared to a 20% growth forecast for the Semiconductor industry in Norway. 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 71% per year, which means it is tracking significantly ahead of earnings growth.Major Estimate Revision • Aug 17Consensus estimates of losses per share improve by 20%The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from US$147.2m to US$152.3m. EPS estimate increased from -US$0.01 per share to -US$0.01 per share. Semiconductor industry in Norway expected to see average net income growth of 15% next year. Consensus price target up from kr33.00 to kr36.00. Share price rose 9.8% to kr23.10 over the past week.分析記事 • Jun 08Is REC Silicon (OB:RECSI) Using Debt In A Risky Way?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Reported Earnings • May 28First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindFirst 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). Revenue missed analyst estimates by 7.9%. Earnings per share (EPS) exceeded analyst estimates by 100%. Over the next year, revenue is forecast to grow 10%, compared to a 26% growth forecast for the industry in Norway. 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 56% per year, which means it is significantly lagging earnings growth.Major Estimate Revision • May 21Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast increased from US$179.0m to US$185.8m. Forecast EPS reduced from -US$0.02 to -US$0.02 per share. Semiconductor industry in Norway expected to see average net income growth of 24% next year. Consensus price target of kr30.00 unchanged from last update. Share price rose 14% to kr19.75 over the past week.Price Target Changed • Apr 27Price target increased to kr30.00Up from kr17.35, the current price target is provided by 1 analyst. New target price is 103% above last closing price of kr14.76. Stock is down 23% over the past year. The company is forecast to post a net loss per share of US$0.02 next year compared to a net loss per share of US$0.12 last year.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.Reported Earnings • Mar 28Full year 2021 earnings: EPS and revenues exceed analyst expectationsFull 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%. Earnings per share (EPS) also surpassed analyst estimates by 9.3%. Over the next year, revenue is forecast to grow 37%, compared to a 21% growth forecast for the industry in Norway. 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 30% per year, which means it is significantly lagging earnings growth.Major Estimate Revision • Mar 04Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 expected loss increased from -US$0.02 to -US$0.03 per share. Revenue forecast unchanged at US$194.5m. Semiconductor industry in Norway expected to see average net income growth of 15% next year. Consensus price target of kr30.00 unchanged from last update. Share price fell 2.9% to kr14.00 over the past week.Major Estimate Revision • Mar 01Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 expected loss increased from -US$0.03 to -US$0.04 per share. Revenue forecast unchanged at US$195.9m. Semiconductor industry in Norway expected to see average net income growth of 15% next year. Consensus price target of kr30.00 unchanged from last update. Share price rose 11% to kr15.52 over the past week.Major Estimate Revision • Feb 25Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast increased from US$190.5m to US$195.9m. Forecast EPS reduced from -US$0.03 to -US$0.04 per share. Semiconductor industry in Norway expected to see average net income growth of 17% next year. Consensus price target of kr30.00 unchanged from last update. Share price rose 3.0% to kr14.42 over the past week.Reported Earnings • Feb 19Full year 2021 earnings: EPS and revenues exceed analyst expectationsFull 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%. Earnings per share (EPS) also surpassed analyst estimates by 9.3%. Over the next year, revenue is forecast to grow 36%, compared to a 20% growth forecast for the industry in Norway. 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 28% 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.株主還元RECSINO SemiconductorNO 市場7D0%3.4%-1.1%1Y-89.3%135.0%9.2%株主還元を見る業界別リターン: RECSI過去 1 年間で135 % の収益を上げたNorwegian Semiconductor業界を下回りました。リターン対市場: RECSIは、過去 1 年間で9.2 % のリターンを上げたNorwegian市場を下回りました。価格変動Is RECSI's price volatile compared to industry and market?RECSI volatilityRECSI Average Weekly Movement5.9%Semiconductor Industry Average Movement10.4%Market Average Movement5.3%10% most volatile stocks in NO Market10.8%10% least volatile stocks in NO Market2.9%安定した株価: RECSI 、 Norwegian市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: RECSIの 週次ボラティリティ は、過去 1 年間で13%から6%に減少しました。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。RECSI 基礎統計学時価総額NOK 1.06b収益（TTM）-NOK 599.35m売上高(TTM)NOK 752.15m1.4xP/Sレシオ-1.8xPER（株価収益率RECSI 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RECSI 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%RECSI 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2026/06/25 12:28終値2026/06/25 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.
分析記事 • Apr 04There's No Escaping REC Silicon ASA's (OB:RECSI) Muted Revenues Despite A 33% Share Price RiseREC Silicon ASA ( OB:RECSI ) shareholders are no doubt pleased to see that the share price has bounced 33% in the last...
Board Change • Mar 31High 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 • 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
New Risk • Dec 18New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: kr1.07b (US$95.4m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (24% average weekly change). Negative equity (-US$67m). Minor Risks Less than 1 year of cash runway based on current free cash flow (-US$272m). Market cap is less than US$100m (kr1.07b market cap, or US$95.4m).
分析記事 • Dec 12Investors Still Aren't Entirely Convinced By REC Silicon ASA's (OB:RECSI) Revenues Despite 41% Price JumpREC Silicon ASA ( OB:RECSI ) shareholders are no doubt pleased to see that the share price has bounced 41% in the last...
Major Estimate Revision • Dec 03Consensus revenue estimates fall by 27%The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$205.7m to US$149.5m. Forecast losses increased from -US$0.36 to -US$0.468 per share. Semiconductor industry in Norway expected to see average net income growth of 12% next year. Consensus price target of kr5.00 unchanged from last update. Share price was steady at kr4.21 over the past week.
Major Estimate Revision • Nov 24Consensus revenue estimates increase by 36%The consensus outlook for revenues in fiscal year 2024 has improved. 2024 revenue forecast increased from US$150.5m to US$205.0m. Forecast losses expected to reduce from -US$0.471 to -US$0.359 per share. Semiconductor industry in Norway expected to see average net income growth of 12% next year. Consensus price target of kr5.00 unchanged from last update. Share price fell 3.4% to kr4.29 over the past week.
Reported Earnings • Nov 12Third quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behindThird 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 missed analyst estimates by 24%. Earnings per share (EPS) exceeded analyst estimates by 1.9%. Revenue is forecast to grow 58% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Semiconductor industry in Europe. 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 34% per year, which means it is significantly lagging earnings.
Major Estimate Revision • Nov 07Consensus revenue estimates fall by 22%The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$203.2m to US$159.4m. Forecast losses increased from -US$0.356 to -US$0.495 per share. Semiconductor industry in Norway expected to see average net income growth of 2.3% next year. Consensus price target down from kr13.00 to kr8.00. Share price fell 37% to kr5.00 over the past week.
New Risk • Sep 16New 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 Norwegian 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).
分析記事 • Sep 06Slammed 26% REC Silicon ASA (OB:RECSI) Screens Well Here But There Might Be A CatchREC Silicon ASA ( OB:RECSI ) shareholders that were waiting for something to happen have been dealt a blow with a 26...
分析記事 • Aug 21The Consensus EPS Estimates For REC Silicon ASA (OB:RECSI) Just Fell A LotToday is shaping up negative for REC Silicon ASA ( OB:RECSI ) shareholders, with the covering analyst delivering a...
Major Estimate Revision • Aug 20Consensus revenue estimates fall by 12%The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$234.9m to US$206.0m. Forecast losses increased from -US$0.319 to -US$0.36 per share. Semiconductor industry in Norway expected to see average net income growth of 8.6% next year. Consensus price target down from kr17.00 to kr13.00. Share price was steady at kr7.14 over the past week.
New Risk • Aug 09New major risk - Negative shareholders equityThe company has negative equity. Total equity: -US$15m 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$15m). Minor Risks Less than 1 year of cash runway based on current free cash flow (-US$245m). Share price has been volatile over the past 3 months (7.6% average weekly change).
Valuation Update With 7 Day Price Move • Jul 31Investor sentiment improves as stock rises 16%After last week's 16% share price gain to kr8.95, the stock trades at a trailing P/E ratio of 14.1x. Average forward P/E is 13x in the Semiconductor industry in Europe. Total loss to shareholders of 48% over the past three years.
Major Estimate Revision • Jul 04Consensus revenue estimates fall by 19%The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$289.7m to US$235.6m. Forecast losses increased from -US$0.176 to -US$0.32 per share. Semiconductor industry in Norway expected to see average net income growth of 0.09% next year. Consensus price target down from kr24.00 to kr17.00. Share price rose 5.8% to kr7.36 over the past week.
Price Target Changed • Jul 02Price target decreased by 32% to kr17.00Down from kr25.00, the current price target is provided by 1 analyst. New target price is 144% above last closing price of kr6.98. Stock is down 57% over the past year. The company is forecast to post a net loss per share of US$0.32 compared to earnings per share of US$0.073 last year.
分析記事 • Jun 26Investors Give REC Silicon ASA (OB:RECSI) Shares A 26% HidingTo the annoyance of some shareholders, REC Silicon ASA ( OB:RECSI ) shares are down a considerable 26% in the last...
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.
Valuation Update With 7 Day Price Move • Feb 21Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to kr10.00, the stock trades at a trailing P/E ratio of 13.2x. Average forward P/E is 16x in the Semiconductor industry in Europe. Total loss to shareholders of 43% over the past three years.
Major Estimate Revision • Feb 16Consensus EPS estimates have been downgraded.The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$364.1m to US$351.0m. Now expected to report a loss of US$0.017 per share instead of US$0.033 per share profit previously forecast. Semiconductor industry in Norway expected to see average net income decline 12% next year. Consensus price target of kr25.00 unchanged from last update. Share price was steady at kr11.32 over the past week.
分析記事 • Feb 15There Are Some Reasons To Suggest That REC Silicon's (OB:RECSI) Earnings Are A Poor Reflection Of ProfitabilityFollowing the release of a positive earnings report recently, REC Silicon ASA's ( OB:RECSI ) stock performed well...
Reported Earnings • Feb 09Full year 2023 earnings: EPS and revenues exceed analyst expectationsFull 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 exceeded analyst estimates by 2.1%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is forecast to grow 61% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Semiconductor industry in Europe. 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 19% per year, which means it is performing significantly worse than earnings.
Major Estimate Revision • Feb 08Consensus EPS estimates fall by 42%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$392.7m to US$361.7m. EPS estimate also fell from US$0.056 per share to US$0.033 per share. Net income forecast to grow 84% next year vs 6.5% decline forecast for Semiconductor industry in Norway. Consensus price target down from kr30.00 to kr25.00. Share price fell 11% to kr11.08 over the past week.
分析記事 • Jan 18REC Silicon ASA's (OB:RECSI) P/S Still Appears To Be ReasonableWhen close to half the companies in the Semiconductor industry in Norway have price-to-sales ratios (or "P/S") below...
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).
Major Estimate Revision • Nov 19Consensus revenue estimates fall by 12%The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from US$152.6m to US$134.5m. Forecast losses increased from -US$0.22 to -US$0.242 per share. Semiconductor industry in Norway expected to see average net income decline 0.7% next year. Consensus price target of kr30.00 unchanged from last update. Share price fell 4.7% to kr13.70 over the past week.
Reported Earnings • Nov 17Third quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behindThird 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 missed analyst estimates by 15%. Earnings per share (EPS) exceeded analyst estimates by 7.4%. Revenue is forecast to grow 32% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Semiconductor industry in Europe. 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 9% 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: EPS and revenues exceed analyst expectationsSecond 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 exceeded analyst estimates by 18%. Earnings per share (EPS) also surpassed analyst estimates by 56%. Revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Semiconductor industry in Europe. 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 75% per year, which means it is tracking significantly ahead of earnings growth.
分析記事 • Jun 01Why Investors Shouldn't Be Surprised By REC Silicon ASA's (OB:RECSI) P/SWhen close to half the companies in the Semiconductor industry in Norway have price-to-sales ratios (or "P/S") below...
Reported Earnings • May 12First quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behindFirst 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). Revenue exceeded analyst estimates by 14%. Earnings per share (EPS) missed analyst estimates by 45%. 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 73% per year, which means it is tracking significantly ahead of earnings growth.
Buying Opportunity • Apr 03Now 21% undervaluedOver the last 90 days, the stock is up 21%. The fair value is estimated to be kr21.70, 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 13% in a year. Earnings is forecast to grow by 16% in the next year.
Reported Earnings • Mar 27Full year 2022 earnings: EPS and revenues miss analyst expectationsFull 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 missed analyst estimates by 3.5%. Earnings per share (EPS) also missed analyst estimates by 15%. Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Semiconductor industry in Europe. 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 79% per year, which means it is tracking significantly ahead of earnings growth.
Buying Opportunity • Mar 10Now 23% undervaluedOver the last 90 days, the stock is up 6.2%. The fair value is estimated to be kr22.70, 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 13% in a year. Earnings is forecast to grow by 16% in the next year.
Major Estimate Revision • Mar 02Consensus revenue estimates fall by 15%The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from US$196.4m to US$166.9m. Forecast losses increased from -US$0.134 to -US$0.149 per share. Semiconductor industry in Norway expected to see average net income growth of 22% next year. Consensus price target down from kr36.00 to kr27.00. Share price rose 6.8% to kr16.95 over the past week.
分析記事 • Feb 25Need To Know: This Analyst Just Made A Substantial Cut To Their REC Silicon ASA (OB:RECSI) EstimatesToday is shaping up negative for REC Silicon ASA ( OB:RECSI ) shareholders, with the covering analyst delivering a...
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 27% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Semiconductor industry in Europe. 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 59% per year, which means it is tracking significantly ahead of earnings growth.
Price Target Changed • Feb 21Price target decreased by 8.3% to kr33.00Down from kr36.00, the current price target is provided by 1 analyst. New target price is 123% above last closing price of kr14.82. Stock is up 7.9% over the past year. The company is forecast to post a net loss per share of US$0.18 next year compared to a net loss per share of US$0.12 last year.
Buying Opportunity • Feb 20Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 13%. The fair value is estimated to be kr18.65, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 48%. Revenue is forecast to grow by 18% in a year. Earnings is forecast to grow by 10% in the next year.
Major Estimate Revision • Nov 25Consensus estimates of losses per share improve by 39%The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from US$154.6m to US$164.3m. EPS estimate increased from -US$0.18 per share to -US$0.11 per share. Semiconductor industry in Norway expected to see average net income growth of 20% next year. Consensus price target of kr36.00 unchanged from last update. Share price rose 8.9% to kr17.55 over the past week.
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: EPS and revenues miss analyst expectationsThird 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 missed analyst estimates by 6.3%. Earnings per share (EPS) also missed analyst estimates. Revenue is forecast to grow 34% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Semiconductor industry in Europe. 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 81% per year, which means it is tracking significantly ahead of earnings growth.
Major Estimate Revision • Nov 16Consensus EPS estimates fall by 59%The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from US$168.4m to US$153.2m. Losses expected to increase from US$0.11 per share to US$0.18. Semiconductor industry in Norway expected to see average net income growth of 19% next year. Consensus price target of kr36.00 unchanged from last update. Share price fell 9.5% to kr18.10 over the past week.
Price Target Changed • Nov 16Price target increased to kr36.00Up from kr33.00, the current price target is provided by 1 analyst. New target price is 99% above last closing price of kr18.10. Stock is up 20% over the past year. The company is forecast to post a net loss per share of US$0.11 next year compared to a net loss per share of US$0.12 last year.
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.
分析記事 • Sep 28Is REC Silicon (OB:RECSI) A Risky Investment?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...
Reported Earnings • Aug 18Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindSecond 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). Revenue exceeded analyst estimates by 28%. Earnings per share (EPS) missed analyst estimates by 199%. Over the next year, revenue is forecast to grow 15%, compared to a 20% growth forecast for the Semiconductor industry in Norway. 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 71% per year, which means it is tracking significantly ahead of earnings growth.
Major Estimate Revision • Aug 17Consensus estimates of losses per share improve by 20%The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from US$147.2m to US$152.3m. EPS estimate increased from -US$0.01 per share to -US$0.01 per share. Semiconductor industry in Norway expected to see average net income growth of 15% next year. Consensus price target up from kr33.00 to kr36.00. Share price rose 9.8% to kr23.10 over the past week.
分析記事 • Jun 08Is REC Silicon (OB:RECSI) Using Debt In A Risky Way?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Reported Earnings • May 28First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindFirst 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). Revenue missed analyst estimates by 7.9%. Earnings per share (EPS) exceeded analyst estimates by 100%. Over the next year, revenue is forecast to grow 10%, compared to a 26% growth forecast for the industry in Norway. 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 56% per year, which means it is significantly lagging earnings growth.
Major Estimate Revision • May 21Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast increased from US$179.0m to US$185.8m. Forecast EPS reduced from -US$0.02 to -US$0.02 per share. Semiconductor industry in Norway expected to see average net income growth of 24% next year. Consensus price target of kr30.00 unchanged from last update. Share price rose 14% to kr19.75 over the past week.
Price Target Changed • Apr 27Price target increased to kr30.00Up from kr17.35, the current price target is provided by 1 analyst. New target price is 103% above last closing price of kr14.76. Stock is down 23% over the past year. The company is forecast to post a net loss per share of US$0.02 next year compared to a net loss per share of US$0.12 last year.
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.
Reported Earnings • Mar 28Full year 2021 earnings: EPS and revenues exceed analyst expectationsFull 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%. Earnings per share (EPS) also surpassed analyst estimates by 9.3%. Over the next year, revenue is forecast to grow 37%, compared to a 21% growth forecast for the industry in Norway. 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 30% per year, which means it is significantly lagging earnings growth.
Major Estimate Revision • Mar 04Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 expected loss increased from -US$0.02 to -US$0.03 per share. Revenue forecast unchanged at US$194.5m. Semiconductor industry in Norway expected to see average net income growth of 15% next year. Consensus price target of kr30.00 unchanged from last update. Share price fell 2.9% to kr14.00 over the past week.
Major Estimate Revision • Mar 01Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 expected loss increased from -US$0.03 to -US$0.04 per share. Revenue forecast unchanged at US$195.9m. Semiconductor industry in Norway expected to see average net income growth of 15% next year. Consensus price target of kr30.00 unchanged from last update. Share price rose 11% to kr15.52 over the past week.
Major Estimate Revision • Feb 25Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast increased from US$190.5m to US$195.9m. Forecast EPS reduced from -US$0.03 to -US$0.04 per share. Semiconductor industry in Norway expected to see average net income growth of 17% next year. Consensus price target of kr30.00 unchanged from last update. Share price rose 3.0% to kr14.42 over the past week.
Reported Earnings • Feb 19Full year 2021 earnings: EPS and revenues exceed analyst expectationsFull 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%. Earnings per share (EPS) also surpassed analyst estimates by 9.3%. Over the next year, revenue is forecast to grow 36%, compared to a 20% growth forecast for the industry in Norway. 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 28% 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.
