Suspension of Facilities Sinks REC Silicon into 112.09% YoY Net Loss in Q3 2024

The company's revenue also dropped 2.87% YoY

November 12, 2024

/ Melvin Mathew
/ Finance and M&A, Solar
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Norway-based silicon material manufacturer REC Silicon‘s net loss widened 112.09% year-over-year (YoY) to $52.6 million in the third quarter (Q3) 2024 from $24.8 million due to the suspension of Moses Lake and Butte Montana facility.

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Melvin Mathew

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