REC showed some vital signs by announcing partnering-related news. We see high hopes in these projects although on the expensive side, whereas REC’s financials are rather poor. We assume these projects would need some substantial governmental support, especially the solar-related one. To date, the financing has not been explained well. Looking a bit deeper into REC’s partners, they turn out to be quite small (e.g. start-ups). We remain cautious on REC’s future.
13 Oct 2020
Good news - could it pay off?
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Good news - could it pay off?
REC Silicon ASA (0FS8:LON) | 282 0 0.0% | Mkt Cap: 1,187m
- Published:
13 Oct 2020 -
Author:
Martin Schnee -
Pages:
3
REC showed some vital signs by announcing partnering-related news. We see high hopes in these projects although on the expensive side, whereas REC’s financials are rather poor. We assume these projects would need some substantial governmental support, especially the solar-related one. To date, the financing has not been explained well. Looking a bit deeper into REC’s partners, they turn out to be quite small (e.g. start-ups). We remain cautious on REC’s future.