REC Silicon ASA (OTCPK: OTCPK:RNWEF) is a producer of advanced silicon materials, delivering high-purity polysilicon and silane gas to the solar and electronics industry. The stock has moved from $0.4 to $0.79 in the last two months. There are strong fundamental reasons to back this 98% upside. This initiating coverage on REC Silicon discusses the fundamental factors and the rationale for further upside from current levels in the medium to long-term.
Not A Micro-Cap
Before I discuss the reasons for another 100% upside, I would like to mention here that the stock is not a micro-cap or a speculative stock. This confusion can arise as the stock is just trading at $0.72.
Investors should however consider the...