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Last 106.00 NOK
Change Today 0.00 / 0.00%
Volume 19.3K
As of 10:25 AM 07/3/15 All times are local (Market data is delayed by at least 15 minutes).

rec solar asa (RECSOL) Snapshot

Open
106.00 NOK
Previous Close
106.00 NOK
Day High
106.00 NOK
Day Low
105.50 NOK
52 Week High
11/24/14 - 107.80 NOK
52 Week Low
10/16/14 - 66.05 NOK
Market Cap
4.2B
Average Volume 10 Days
24.0K
EPS TTM
1.85 NOK
Shares Outstanding
40.0M
EX-Date
--
P/E TM
7.2x
Dividend
--
Dividend Yield
--
Current Stock Chart for REC SOLAR ASA (RECSOL)

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rec solar asa (RECSOL) Details

REC Solar ASA, together with its subsidiaries, produces solar wafers, cells, and modules in Singapore. The company sells its products to system integrators, installers, and distributors in Germany, the United Kingdom, the United States, Australia, and Japan. It is also engaged in project development activities; and development of solar power systems. The company was founded in 1996 and is headquartered in Oslo, Norway. As of May 13, 2015, REC Solar ASA operates as a subsidiary of Bluestar Elkem Investment Co. Ltd.

1,811 Employees
Last Reported Date: 05/1/15
Founded in 1996

rec solar asa (RECSOL) Top Compensated Officers

Chief Financial Officer
Total Annual Compensation: $592.8K
Senior Vice President of Operations and Techn...
Total Annual Compensation: $653.2K
Senior Vice President of Sales & Marketing of...
Total Annual Compensation: $444.9K
Senior Vice President of Sales and Marketing ...
Total Annual Compensation: $368.5K
Vice President of Legal
Total Annual Compensation: $420.5K
Compensation as of Fiscal Year 2014.

rec solar asa (RECSOL) Key Developments

REC Solar to Appoint Ted Walsh as Vice President of Business Development

REC Solar announced it has acquired Stellar Energy through an asset purchase agreement. REC Solar will retain most of Stellar Energy's personnel to ensure a seamless transition for Stellar's customers. Stellar Energy president Ted Walsh will join REC Solar as Vice President of Business Development.

REC Solar ASA Announces Unaudited Consolidated Earnings and Operating Results for the First Quarter Ended March 31, 2015

REC Solar ASA announced unaudited consolidated earnings and operating results for the first quarter ended March 31, 2015. For the quarter, the company reported revenues of $149.8 million compared to $175.4 million for the same period a year ago. EBITDA was $15.3 million compared to $16.2 million for the same period a year ago. EBIT was $11.0 million compared to $10.7 million for the same period a year ago. Profit before tax was $31.2 million compared to $11.2 million for the same period a year ago. Profit attributable to owners of the company was $31.4 million compared to $11.0 million for the same period a year ago. Earnings per share, basic and diluted were $0.78 compared to $0.28 for the same period a year ago. Net cash used in operating activities was $19.4 million compared to net cash flow from operating activities of $13.0 million for the same period a year ago. Acquisition of property, plant and equipment and intangible assets was $4.7 million compared to $4.6 million for the same period a year ago. For the quarter, the company announced 263 MW of module production, up 2.0% from fourth quarter of 2014.

REC Solar Completes Solar Panel Installation at Bugis Junction

REC Solar has completed the installation of 172-kilowatt peak (kWp) rooftop photovoltaic solar panels at Bugis Junction, which will be able to generate 200,000 kilowatt hour (kWh) of clean energy annually and save the property approximately SGD 30,000 per year for the next 25 years. The panels are being installed in four locations at Bugis Junction, consisting of three key areas above the Bugis Junction shopping mall and the rooftop of the office tower, Bugis Junction Towers. REC is both the exclusive solar panel supplier for Bugis Junction as well as the project consultant and manager for all engineering, procurement and construction services.

 

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Price/Book 2.0x
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TEV/Sales 0.9x
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