According the recent business plan, REC’s management is putting all eggs in one basket. Stuck between a rock and a hard place, management is planning the divestment of the Butte site and becoming a global polysilicon company serving the photovoltaic market from Mainland China (Yulin JV) and the US (re-opened Moses Lake). Reported figures were below our expectations, especially at the profitability level, as EBITDA moved back into the red qoq.
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REC Silicon ASA (0FS8:LON) | 282 0 0.0% | Mkt Cap: 1,187m
- Published:
31 Oct 2019 -
Author:
Martin Schnee -
Pages:
3
According the recent business plan, REC’s management is putting all eggs in one basket. Stuck between a rock and a hard place, management is planning the divestment of the Butte site and becoming a global polysilicon company serving the photovoltaic market from Mainland China (Yulin JV) and the US (re-opened Moses Lake). Reported figures were below our expectations, especially at the profitability level, as EBITDA moved back into the red qoq.