--- title: "REC Silicon Raises Capital as It Shifts Toward Silicon Gases Amid Q1 Loss" type: "News" locale: "en" url: "https://longbridge.com/en/news/285486492.md" description: "REC Silicon ASA reported Q1 2026 revenues of USD 19.5 million, down from the previous quarter, with an EBITDA loss of USD 3.8 million due to lower silicon gas and polysilicon volumes. The company raised NOK 972.6 million through a rights issue to repay debts and support its transition to a silicon-gases-focused business. Management is implementing cost-cutting measures to stabilize the balance sheet and enhance revenue as it shifts its product mix. REC Silicon specializes in high-purity silicon materials for the solar and electronics industries." datetime: "2026-05-07T05:03:31.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285486492.md) - [en](https://longbridge.com/en/news/285486492.md) - [zh-HK](https://longbridge.com/zh-HK/news/285486492.md) --- # REC Silicon Raises Capital as It Shifts Toward Silicon Gases Amid Q1 Loss ### Claim 55% Off TipRanks - Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions - Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks REC Silicon ASA ( (RNWEF) ) just unveiled an announcement. REC Silicon ASA reported first-quarter 2026 revenues from continuing operations of USD 19.5 million, slightly down from the previous quarter, and an EBITDA loss of USD 3.8 million as lower silicon gas and polysilicon volumes weighed on performance. The Butte segment delivered improved EBITDA, but overall revenues declined amid softer volumes and marginal price pressure, while the company’s cash balance fell to USD 5.2 million despite new loan financing. After the quarter closed, REC Silicon completed a sizeable rights issue raising NOK 972.6 million to repay advance payments on a long-term offtake contract, reduce existing debt and bolster funding for corporate and operational needs during its transition toward a more silicon-gases-focused business. Management emphasized continued cost-cutting and efforts to lift revenue, positioning the company to stabilize its balance sheet and support operations as it navigates a strategic shift in its product mix and market focus. **More about REC Silicon ASA** REC Silicon ASA is a Norway-based producer of advanced silicon materials, specializing in high-purity silicon gases supplied to the global solar and electronics industries. Listed on the Oslo Stock Exchange and headquartered in Lysaker, the company leverages more than four decades of experience and proprietary technology to serve a worldwide customer base. **Average Trading Volume:** 1,934,500 **Current Market Cap:** NOK1.22B Find detailed analytics on RNWEF stock on TipRanks’ Stock Analysis page. ### Related Stocks - [PSI.US](https://longbridge.com/en/quote/PSI.US.md) - [512760.CN](https://longbridge.com/en/quote/512760.CN.md) - [SOXL.US](https://longbridge.com/en/quote/SOXL.US.md) - [588170.CN](https://longbridge.com/en/quote/588170.CN.md) - [SMH.US](https://longbridge.com/en/quote/SMH.US.md) - [159801.CN](https://longbridge.com/en/quote/159801.CN.md) - [SOXX.US](https://longbridge.com/en/quote/SOXX.US.md) - [159546.CN](https://longbridge.com/en/quote/159546.CN.md) - [SOXQ.US](https://longbridge.com/en/quote/SOXQ.US.md) - [XSD.US](https://longbridge.com/en/quote/XSD.US.md) - [FTXL.US](https://longbridge.com/en/quote/FTXL.US.md) ## Related News & Research - [Where Will Sandisk Stock Be in 5 Years?](https://longbridge.com/en/news/286990821.md) - [Here's why Astera Labs' stock just staged a big gain](https://longbridge.com/en/news/286969770.md) - [NoMIS Power joins ARPA-E DC-GRIDS consortium](https://longbridge.com/en/news/286856430.md) - [Here's How Much $100 Invested In Teradyne 20 Years Ago Would Be Worth Today](https://longbridge.com/en/news/286466208.md) - [Cerebras raises $5.5B, kicking off 2026’s IPO season with a bang](https://longbridge.com/en/news/286445132.md)