Refile: BUZZ-Rec Silicon rises on 'solid' Q2 results

Rec Silicon ASA

15/08/2023 09:22

(Fixes spelling in headline)
    ** Shares in Rec Silicon  RECSI.OL  rise 3.2% after the
Norway-based producer of advanced silicon material published a
"solid" Q2 report "amid turbulent market"
    ** It reports Q2 revenues of $36.7 million (vs Q1 $29.1
million), and EBITDA loss of $8.5 million (vs. Q1 loss of $23.0
million)
    ** Both better than feared given tougher market conditions
for electronic grade polysilicon (EG poly), Pareto Securities
says
    ** Pareto Securities adds the company "delivered fairly well
operationally versus expectations amid tough market conditions
and gave reassuring comments on the reopening of its Moses Lake
facility"
    ** Rec Silicon share is among top performers of the Oslo
Benchmark Index OSEBX  .OSEBX  


 (Reporting by Elviira Luoma)
 ((Elviira.luoma@thomsonreuters.com))