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Last 1.91 NOK
Change Today -0.298 / -13.48%
Volume 112.2M
REC On Other Exchanges
Symbol
Exchange
Oslo
OTC US
OTC US
Stockholm
Frankfurt
As of 10:25 AM 05/6/15 All times are local (Market data is delayed by at least 15 minutes).

rec silicon asa (REC) Snapshot

Open
2.24 NOK
Previous Close
2.21 NOK
Day High
2.27 NOK
Day Low
1.91 NOK
52 Week High
07/21/14 - 4.07 NOK
52 Week Low
01/16/15 - 1.51 NOK
Market Cap
4.4B
Average Volume 10 Days
24.0M
EPS TTM
0.13 NOK
Shares Outstanding
2.3B
EX-Date
--
P/E TM
2.0x
Dividend
--
Dividend Yield
--
Current Stock Chart for REC SILICON ASA (REC)

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rec silicon asa (REC) Details

REC Silicon ASA produces and sells silicon materials worldwide. It provides solar and electronic grade polysilicon for the solar energy industries; and silicon gases for the electronics industries. The company was formerly known as Renewable Energy Corporation ASA and changed its name to REC Silicon ASA in October 2013. REC Silicon ASA is headquartered in Lysaker, Norway.

723 Employees
Last Reported Date: 04/16/15

rec silicon asa (REC) Top Compensated Officers

Chief Executive Officer and President
Total Annual Compensation: $1.2M
Chief Financial Officer
Total Annual Compensation: $293.7K
Vice President of Legal and General Counsel
Total Annual Compensation: $386.8K
Vice President of Commercial
Total Annual Compensation: $616.4K
Compensation as of Fiscal Year 2014.

rec silicon asa (REC) Key Developments

REC Silicon ASA, Q1 2015 Earnings Call, May 06, 2015

REC Silicon ASA, Q1 2015 Earnings Call, May 06, 2015

REC Silicon ASA Reports Audited Consolidated and Parent Company Earnings Results for the Year Ended December 31, 2014; Provides Production Guidance for the First Quarter and Capital Expenditure Guidance for the Year 2015

REC Silicon ASA reported audited consolidated and parent company earnings results for the year ended December 31, 2014. For the year, on consolidated basis, the company reported revenues of USD 493.0 million compared to USD 417.6 million a year ago. EBITDA was USD 232.9 million compared to USD 50.7 million a year ago. EBIT was USD 94.1 million compared to LBIT of USD 86.1 million a year ago. Profit before tax from continuing operations was USD 218.8 million compared to loss before tax from continuing operations of USD 244.8 million a year ago. Profit from continuing operations was USD 213.4 million compared to loss from continuing operations of USD 160.0 million a year ago. Earnings per basic and diluted share from continuing operations were USD 0.09 compared to loss per basic and diluted share of USD 0.07 a year ago. EBITDA excluding special items was USD 131.9 million compared to USD 30.3 million a year ago. Net cash flows from operating activities were USD 87.7 million compared to net cash flows out from operating activities of USD 1.2 million a year ago. Payments for property, plant and equipment and intangible assets were USD 35.8 million compared to USD 37.4 million a year ago. Profit from total operations was USD 212.8 million or USD 0.09 per diluted share against loss from total operations of USD 352.7 million or USD 0.16 per diluted share a year ago. Total capex expenditure during 2014 was USD 38 million, USD 22 million on maintenance. For the year, on non-GAAP basis, the parent company reported total revenues of NOK 0.6 million compared to NOK 12.0 million a year ago. LBIT was NOK 34.2 million compared to NOK 100.7 million a year ago. Profit before income tax was NOK 1,331.6 million compared to loss before income tax of NOK 983.2 million a year ago. Profit for the year was NOK 1,331.6 million compared to loss for the year of NOK 987.4 million a year ago. Net cash outflow from operating activities was NOK 193.2 million compared to net cash inflow from operating activities of NOK 6.6 million a year ago. Payments for property, plant and equipment and intangible assets were NOK 0.2. For year 2015, the company’s capital expenditures are expected to be approximately USD 85 million and include USD 60 million for capacity expansion initiatives in Moses Lake and Butte. The company targets first quarter 2015 polysilicon production of 5,300 MT.

REC Group Wins Contract for New TwinPeak Series Solar Panels

REC Group inked an agreement with Tucson Electric Power as the exclusive solar panel supplier for utility's TEP Residential Solar Program. The agreement marks first time that the new REC TwinPeak Series product line has been chosen for a huge rooftop project. REC will begin shipping 3.5MW of its high-quality TwinPeak Series panels to TEP in May 2015, with deliveries set to finish in October 2015. The TEP Residential Solar Program will permit TEP customers to go solar with no maintenance costs or upfront installation. Contractors chosen by TEP will maintain and install rooftop solar panels at taking part customers homes, and TEP will give their electric service for a flat monthly rate that will stay fixed for up to 25 years.

 

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REC Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Gigasolar Materials Corp 558.00 TWD +24.00
Integrated Silicon Solution Inc $18.66 USD -0.03
Motech Industries Inc 39.75 TWD +0.60
Sino-American Silicon Products Inc 45.15 TWD +0.60
Solargiga Energy Holdings Ltd $0.41 HKD -0.015
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Industry Analysis

REC

Industry Average

Valuation REC Industry Range
Price/Earnings 3.3x
Price/Sales 1.4x
Price/Book 0.7x
Price/Cash Flow 2.0x
TEV/Sales 0.8x
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