REC Silicon Raises Capital as It Shifts Toward Silicon Gases Amid Q1 Loss
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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.
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