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Last 1.52 NOK
Change Today -0.068 / -4.29%
Volume 24.8M
REC On Other Exchanges
As of 10:19 AM 10/13/15 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

Fornebuveien 84

PO Box 63

Lysaker, 1324


Phone: 47 40 72 40 86


Renewable Energy Corporation ASA engages in the development and sale of products related to the photovoltaic (PV) solar energy industry. Segments The company operates in three segments: REC Silicon, REC Wafer, and REC Solar. REC Silicon The REC Silicon Segment produces silane gas and solar grade polysilicon for the photovoltaic industry, as well as electronic grade polysilicon for the electronic industry at two plants in Moses Lake, Washington; and in Butte, Montana. REC Wafer The REC Wafer Segment produces monocrystalline and multicrystalline ingots and wafers for the solar cell industry at two sites in Glomfjord and at Herøya in Norway. It sells to customers located in Germany and Japan. REC Solar The REC Solar Segment produces solar cells in Narvik, Norway, and solar modules in Glava, Sweden. The total installed production capacity is 225 megawatts for solar cells and 150 megawatts for solar modules. Other The company also owns 33.3% interest in Sovello AG, which produces solar modules in Thalheim, Germany, based on the Evergreen string-ribbon technology. Sovello is a joint venture between the company, EverGreen Solar Inc., and Q-Cells AG. History Renewable Energy Corporation ASA was founded in 1994.


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Valuation REC Industry Range
Price/Earnings 1.5x
Price/Sales 1.5x
Price/Book 0.6x
Price/Cash Flow 1.2x
TEV/Sales 0.6x

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