R3Q.F - REC Silicon ASA

Frankfurt - Frankfurt Delayed Price. Currency in EUR
0.0490
-0.0017 (-3.35%)
At close: 4:03PM CEST
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Previous Close0.0507
Open0.0499
Bid0.0496 x 12580000
Ask0.0645 x 12580000
Day's Range0.0490 - 0.0499
52 Week Range0.0423 - 0.1140
Volume1,629
Avg. Volume2,756
Market Cap144.169M
Beta (3Y Monthly)0.40
PE Ratio (TTM)N/A
EPS (TTM)-0.1790
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • Reuters11 months ago

    REC Silicon posts Q2 loss on China-U.S. solar trade war

    A U.S.-China trade dispute sent Norway's REC Silicon, a supplier to the solar industry, plunging to a quarterly loss on Thursday, but the company's shares rose after it indicated it would not need to issue new equity this year. REC Silicon's shares initially slumped by 16 percent after the Oslo-listed firm reported a pre-tax loss of $374 million in the second quarter, compared with a profit of $60 million in the first quarter and a loss of $46 million a year ago. The company took an impairment charge of $340 million "due to the market disruption from the curtailment of solar incentives in China, as well as continued trade barriers that prevent access to primary markets inside China," it said.

  • Reuterslast year

    UPDATE 1-Norway's REC Silicon lays off workers at U.S. plant, blaming trade war

    Norway's REC Silicon, a supplier of silicon materials to the solar industry, said on Monday it would reduce nearly 40 percent of its workforce at one of its two plants in the United States, blaming the ongoing U.S.-China trade war. The firm said it had not been able to sell its goods in China since 2014 as a result of the trade war between the world's two largest economies over solar panels. Shares in REC Silicon were down 8 percent at 0705 GMT, lagging an Oslo benchmark index down 0.8 percent, having already fallen 65 percent over the past five years.

  • Reuterslast year

    Norway's REC Silicon lays off nearly 40 pct of workers at US plant

    Norway's REC Silicon, a supplier of silicon materials to the solar industry, said on Monday it would reduce nearly 40 percent of its workforce at one of its two plants in the United States, blaming the ongoing U.S.-China trade war. The firm said it had not been able to sell its goods in China since 2014 as a result of the trade war between the world's two largest economies over solar panels.